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.
Long Ridge Equity Partners has invested in Ametros Financial Corp. Financial terms weren’t announced. Clarion Capital Partners LLC will remain an investor. Ametros, of Wilmington, Massachusetts, provides post-settlement medical administration.
3 min read · 15 November 2017
Envision Healthcare Corp has attracted buyout interest from Carlyle Group and Onex Corp, according to Bloomberg. Onex has formed a consortium with Clayton Dubilier & Rice and Hellman & Friedman to bid for the company, while Carlyle is bidding alone, the story said. Envision, a health-services provider, has been under pressure from activist investor, Starboard Value.
1 min read · 15 November 2017
2 min read · 14 November 2017
MTS Health Investors LLC has sold Celerion Holdings Inc to Court Square Capital Partners. Financial terms weren’t announced. Celerion’s management team will continue to own a minority stake. Celerion, of Lincoln, Nebraska, is a clinical research organization that provides clinical trial solutions to pharmaceutical and biotechnology clients conducting early clinical research throughout North America, Europe, and Asia. Lazard Middle Market LLC served as financial adviser, while McDermott Will & Emery LLP acted as legal adviser to Celerion on the transaction.
2 min read · 14 November 2017
Vestar Capital Partners has agreed to buy Nonni’s Food Group from Wind Point Partners. Financial terms weren’t announced. Nonni’s, of Oak Brook, Illinois, makes and markets artisanal cookies and other premium baked snacks. Antares Holdings and Northwestern Mutual Capital provided financing for the transaction. Latham & Watkins provided legal advice to Vestar. Houlihan Lokey acted as financial adviser to Nonni’s and Kirkland & Ellis provided transaction counsel.
4 min read · 14 November 2017
Apollo Global Management LLC said Nov. 13 that Scott Kleinman and James Zelter were named co-presidents effective Jan. 1. Kleinman and Zelter will have full responsibility for all of Apollo’s revenue-generating and investing businesses. Kleinman will focus on Apollo’s equity and opportunistic businesses, while Zelter will focus on Apollo’s credit and yield businesses.
4 min read · 14 November 2017
TPG Growth said Nov. 13 that it acquired a majority stake in Mendocino Farms. Mendocino Farmswas the seller. Financial terms weren’t announced. Mario Del Pero and Ellen Chen, who co-founded Mendocino Farms in 2005, will remain the largest individual shareholders. Mendocino Farms, of Los Angeles, is a fast casual restaurant concept that offers sandwiches and salads through its 16 locations.
4 min read · 14 November 2017
Pet Circle said Nov. 14 that Francisco Partners has made a growth equity investment in the company. Existing investor AirTree Ventures also participated. Financial terms weren’t announced. Pet Circle, of Sydney, provides home delivery of pet food and accessories to consumer.
3 min read · 14 November 2017
2 min read · 13 November 2017
Quad-C Management Inc has closed its sale of its stake in Vaco to Olympus Partners. Financial terms weren’t announced. Vaco, of Nashville, Tennessee, is an executive search, consulting, placement and strategic staffing firm. William Blair & Co LLC and CHILDS Advisory Partners acted as financial advisers and White & Case LLP served as legal adviser to Quad-C and Vaco in connection with the transaction.
3 min read · 13 November 2017
