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.
IK Investment Partners said Dec. 20 that it has invested in Optimum Group. Financial terms weren’t announced. Optimum, of the Netherlands, is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market.
2 min read · 20 December 2017
AnaCap Financial Partners said Dec. 20 that it has sold First Names Group to SGG Group. Financial terms weren’t announced. First Names, of the U.K., provides trust, corporate, real estate and fund administration services. SGG is a portfolio company of Astorg Partners. AnaCap said it will make a 2.6x return on the investment. AnaCap a 2.6x return on its investment. Lazard advised First Names.
3 min read · 20 December 2017
Sun European Partners LLP said Dec. 20 that it has agreed to buy a majority stake in Afriflora. The Barnhoorn family founded Afriflora in 2005 and will remain significant shareholders. KKR, which reportedly invested $200 million in Afriflora in 2014, is selling. Afriflora, of in Aalsmeer, Holland, is a supplier of roses at fair trade standards to Europe. Sun European Partners was advised by Rabobank, Kirkland & Ellis, Houlihan Lokey, and Ernst & Young. The Barnhoorn family and KKR were advised by William Blair, Clifford Chance, Van Benthem & Keulen, Deloitte, and Londen & Van Holland.
4 min read · 20 December 2017
2 min read · 19 December 2017
Jack in the Box Inc said Dec. 19 that it agreed to sell Qdoba Restaurant Corp to Apollo Global Management LLC for about $305 million. The deal is expected to close in April. Qdoba operates and franchises more than 700 Qdoba Mexican Eats restaurants.
5 min read · 19 December 2017
Old Mutual Wealth said Dec. 19 that it has agreed to sell single strategy asset management business to TA Associates for 600 million pounds ($802.5 million). The single strategy business reported funds under management of 25.7 billion pounds as of Sept. 30, while net client cash flow for the nine months to 30 September 2017 was £3.5 billion.
4 min read · 19 December 2017
Carlyle Group said Dec. 19 that Matthew Savino has joined the firm as a managing director and head of US capital markets with its global capital markets team. Savino was previously with BlackRock Inc where he was a managing director and global head of alternatives.
2 min read · 19 December 2017
Qualium Investissement said Dec. 15 that its second fund posted a 370 million euro ($437 million) first close. Qualium Fund II is expected to execute a final closing in Q1 2018. Qualium also said that it has spun out from Caisse des Depots. Qualium’s investment team has taken control of the management company and has a 70 percent share of capital and voting rights. Triago and JPG Private Equity are placement agents for the fund.
2 min read · 19 December 2017
TA Associates said Dec. 19 that it has invested in Flexera. TA said it is buying equity from existing investors and is working with lead investor Ontario Teachers’ Pension Plan to continue to grow the company. Financial terms weren’t announced. Ontario Teachers acquired a majority stake in Flexera in 2011. Flexera, of Itasca, Illinois, is a software developer.
4 min read · 19 December 2017
2 min read · 18 December 2017
