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.
General Catalyst said Jan. 29 that Ken Chenault is joining as chairman and managing director. Chenault is the retiring chairman and CEO of American Express.
3 min read · 30 January 2018
2 min read · 29 January 2018
Blue Point Capital Partners LLC has raised $700 million with its most recent fund, surpassing the pool’s $600 million target. Blue Point Capital Partners IV LP will invest in lower middle-market companies that are in the manufacturing, business services, consumer and distribution sectors. Sixpoint Partners acted as placement agent while Kirkland & Ellis provided legal counsel in connection with Fund IV.
4 min read · 29 January 2018
KKR said Jan. 29 that Jacques Veyrat was named a senior adviser to support the firm’s investment activities in France. Veyrat founded and currently manages Impala SAS, a diversified investment firm that is active in energy, manufacturing, consumer brands, and asset management.
2 min read · 29 January 2018
Investcorp is considering a blind-pool funds model alongside its deal-by-deal model, Private Equity International is reporting. Hazem Ben-Gacem, Investcorp's head of European private equity, said the firm may explore dedicated fund vehicles in the “medium term,” the story said. The investment firm is currently in the market with a tech fund, Investcorp Technology Partners IV, which held a first close on $220 million last year, PEI said.
1 min read · 29 January 2018
Crestview Partners is considering a full or partial sale of NEP Group Inc, Bloomberg reported. Carlyle Group LP, which owns a minority of NEP, has first option to buy Crestview’s majority stake, the story said. NEP, of Pittsburgh, is a broadcast services company. A sale of NEP would value the company at $2.5 billion, the story said.
1 min read · 29 January 2018
EQT Partners has agreed to sell I-MED Radiology Network to Permira. Financial terms weren’t announced. I-Med is a diagnostic imaging service provider in Australia. Bloomberg pegged the sale at A$1.3 billion ($1.1 billio
3 min read · 29 January 2018
2 min read · 26 January 2018
Verus Investment Partners has sold Pittsburgh Brewing Co to an undisclosed buyer, according to Brewbound. Formerly known as Uni-World Capital, Verus acquired the beer business of Pittsburgh-based Iron City Brewing Co in 2011. In 2014, Pittsburgh Brewing introduced the Block House Brewing line of craft beers, Brewbound said.
1 min read · 25 January 2018
Sentinel Capital Partners said Jan. 25 that its sixth flagship has closed on $2.15 billion, while its first junior capital fund totaled $460 million. Total capital raised for the two new funds was $2.6 billion. Sentinel invests in lower middle market companies in sectors such as aerospace/defense, business services, consumer, distribution, food/restaurants, franchising, healthcare, and industrials. The junior capital fund will serve as a mezzanine financing source for new Sentinel platform companies.
3 min read · 25 January 2018
