I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Liberty Mutual Insurance is selling roughly $1 billion of its private equity and real estate stakes, the Wall Street Journal reported. PJT Partners Inc’s advisory group, Park Hill, is advising Liberty Mutual on the possible sale, the story said. Among the stakes being sold are positions in funds run by Blackstone Group LP’s Tactical Opportunities group, the Wall Street Journal reported.
1 min read · 01 February 2018
Prospect Partners LLC said Feb. 1 that it has recapitalized Minuteman Security Technologies Inc in partnership with management. Financial terms weren’t announced. Minuteman Security Technologies Inc, of Andover, Massachusetts, provides security technology solutions to enterprise organizations in markets including transportation, higher education, healthcare, industrial/commercial, and municipal.
3 min read · 01 February 2018
2 min read · 31 January 2018
On Assignment Inc said Jan. 31 that it agreed to buy ECS Federal LLC for $775 million in cash. Roy Kapani, ECS Federal’s majority owner and founder, and Lindsay Goldberg are the sellers. ECS, of Fairfax, Virginia, is a government services contractor providing cyber security, cloud, DevOps, IT modernization and advanced science and engineering solutions.
10 min read · 31 January 2018
EBANX said Jan. 31 that it raised a $30 million investment from FTV Capital. Endeavor Catalyst Fund also participated. EBANX, of Curitiba, Brazil, is a payments processor.
4 min read · 31 January 2018
StepStone Real Estate said Jan. 31 that it recapped a portfolio of seven community shopping centers in partnership with NREP. The value of the transaction was 1.4 billion DKK ($234.3 million). Nykredit provided debt financing. The properties, located in greater Copenhagen and Aarhus, are moderate-size grocery-anchored shopping centers that include other necessity-retailers such as pharmacies and medical offices, as well as experiential based retailers such as fitness centers, and food and beverage outlets.
3 min read · 31 January 2018
Rex Adams has joined EyeSouth Partners as CEO. Adams was most recently CEO of Payspan. EyeSouth is a portfolio company of Shore Capital Partners.
3 min read · 31 January 2018
2 min read · 30 January 2018
StateServ Holdings, a Blue Wolf Capital Partners portfolio company, is merging with Hospicelink. Financial terms weren’t announced. Hospicelink is a durable medical equipment benefit manager. TripleTree provided financial advice to StateServ while Ziegler Investment Bank acted as the financial adviser to Hospicelink.
4 min read · 30 January 2018
Monroe Capital LLC said Jan. 30 that it has established an independent sponsor finance vertical. Brad Bernstein, Chris Larson and Zia Uddin, out of Monroe’s Chicago office, will lead the vertical.
2 min read · 30 January 2018
