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.
High Road Capital Partners said Jan. 10 that it acquired U-C Coatings. Financial terms weren’t announced. U-C Coatings, of Buffalo, New York, makes and distributes specialty coatings and sealants for the North American wood and lumber markets.
3 min read · 10 January 2018
Pantheon said Jan. 10 that it promoted Alex Wilmerding to partner. The firm said 31 other professionals were also promoted including Mark Etchin, Cullen Wilson, Calvert Bauer, Jack Farr, Welwin Lobo and Ali Sangari.
2 min read · 10 January 2018
Stone Point Capital LLC, along with AmTrust Financial Services CEO Barry Zyskind and the Karfunkel-Zyskind family, have offered to take AmTrust private for $12.25 a share. The group said they want to buy the shares not already owned by the Karfunkel-Zyskind family, which currently has a roughly 43 percent stake. AmTrust, of New York, is a property and casualty insurance company with a $2 billion market cap. Stone Point has engaged Skadden, Arps, Slate, Meagher & Flom LLP as its legal adviser, while the Karfunkel-Zyskind Family have tapped Paul, Weiss, Rifkind, Wharton & Garrison LLP as their legal adviser.
4 min read · 10 January 2018
3 min read · 09 January 2018
J-Star Co said Jan. 9 that it acquired a majority stake in Section Eight Co Ltd. Financial terms weren’t announced. Section Eight, of Shinagawa-Ku, Tokyo, operates bars, nightclubs and restaurants. J-Star, of Tokyo, is a private equity firm with $300 million of assets under management.
2 min read · 09 January 2018
J-Star Co said Jan. 9 that it has invested in Sanwa Service Co Ltd. Financial terms weren’t announced. Sanwa Service, of Kiyosu-City, Aichi, operates new and pre-owned car dealers in Aichi Prefecture. J-Star, of Tokyo, is a private equity firm with $300 million of assets under management.
2 min read · 09 January 2018
Oak Hill Capital Partners has agreed to buy Safe Fleet Holdings LLC from Sterling Group. Financial terms weren’t announced. Safe Fleet, of Belton, Missouri, provides safety and productivity solutions for fleet vehicles.
4 min read · 09 January 2018
KKR said Jan. 9 that it has created Blue Sprig Pediatrics Inc, a platform of clinics that offer applied behavior analysis for children diagnosed with Autism Spectrum Disorder. Keith Jones, the former COO of PSA Healthcare, will serve as CEO of Blue Sprig.
3 min read · 09 January 2018
Harvest Partners LP has named five new partners effective Jan. 8. They include Stephen Carlson, Paige Daly, Uzair Dossani, Nick Romano and Marc Unger.
2 min read · 09 January 2018
Harvest Partners LP said Jan. 9 that Steven Duke and Sean Murphy were named partners of its structured capital business. They will co-lead the strategy, Harvest said. Duke and Murphy were formerly managing directors.
2 min read · 09 January 2018
