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.
Renovus Capital Partners said Jan. 15 that it acquired a controlling stake in Continuing Education Alliance LLC and Practicing Clinicians Exchange. Financial terms weren’t announced. Continuing Education is the corporate owner of Practicing Clinicians, of Stamford, Connecticut, which provides education for nurse practitioners and physician assistants.
3 min read · 15 January 2018
Oaktree Capital Management LLC plans to put Hesira Group Ltd up for sale, the Wall Street Journal reported. Jefferies Group has been hired to advise, the story said. Hesira, of Guildford, England, is a European dentistry company.
1 min read · 15 January 2018
Cerberus Capital Management LP and J.C. Flowers & Co LLC have made a joint 700 million euro ($850 million) bid for HSH Nordbank AG, Bloomberg reported. Apollo Global Management is also vying for lender, the story said. To comply with conditions set by the EU that approved the 2009 bailout of the bank, HSH Nordbank must be privatized by next month or wound down, Bloomberg said.
1 min read · 15 January 2018
Inflexion Private Equity has acquired Alston Elliot. Financial terms weren’t announced. Alston Elliot, of the U.K., provides data-driven graphics solutions for live sports broadcasts. Livingstone advised Inflexion.
2 min read · 15 January 2018
Goldman Sachs private equity arm and Vestar Capital Partners are exploring a sale of Hearthside Food Solutions LLC, according to Bloomberg. A sale of Hearthside could fetch about $2.5 billion, the story said. Goldman and Vestar acquired Hearthside in 2014. Hearthside Food, of Downers Grove, Illinois, is a food contract manufacturer, that makes snacks, including diet and energy bars, as well as cookies and cereals.
1 min read · 12 January 2018
Pitney Bowes has attracted interest from Blackstone Group and Carlyle Group, according to press reports. The interest caused shares of Pitney Bowes to surge nearly 15 percent Thursday. Pitney Bowes’ management has engaged in preliminary talks with the suitors and is amenable to doing a deal at the right price, The Motley Fool said, citing a Bloomberg story.
1 min read · 12 January 2018
Victory Capital Holdings Inc has filed to go public on the Nasdaq, according to a Jan. 11 regulatory filing. Joint book runners on the deal include JP Morgan, BofA Merrill Lynch, and Morgan Stanley. Victory Capital, an investment management firm, is backed by Crestview Partners and Reverence Capital Partners. Victory Capital, of Brooklyn, Ohio, did not disclose how many shares it would sell or their price. That information will come in future filings.
1 min read · 12 January 2018
Ferrero has won the auction of Nestle’s U.S. confectionary business, beating out rivals Hershey and Rhone Capital, according to the Financial Times. Ferrero is set to sign a $2.8 billion deal to buy the Nestle business on Sunday, the FT said. Ferrero in October agreed to buy Ferrara Candy from L Catterton.
1 min read · 11 January 2018
Main Capital Partners said Jan. 11 that it sold its majority stake in Regas to BID Equity. Financial terms weren’t announced. Regas, of the Netherlandsa, provides SaaS-based social care software.
3 min read · 11 January 2018
Emerald Media, a KKR portfolio company, has acquired a controlling stake in Cosmos-Maya. Financial terms weren’t announced. Cosmos-Maya, of Mumbai, is an animation studio.
3 min read · 11 January 2018
