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.
2 min read · 09 November 2017
T. Michael Glenn has joined Oak Hill Capital Partners as a senior advisor and operating consultant. Glenn is the former president and CEO of FedEx Corporate Services.
3 min read · 09 November 2017
Ridgemont Equity Partners said Nov. 9 that its Energy Opportunity Fund LP closed on $320 million in commitments. EOF is a companion pool to Ridgemont’s flagship fund, Ridgemont Equity Partners II LP, which raised $995 million. EOF and REP II will invest side-by-side in the firm’s energy sector investments. Brooklands Capital Strategies served as fundraising advisor for the EOF.
2 min read · 09 November 2017
Treasury Intelligence Solutions GmbH, or TIS, said Nov. 9 that it raised $12 million in additional financing from 83North. 83North joins previous TIS investors Target Partners and Zobito. TIS, of Walldorf, Germany, provides a cloud platform for managing corporate payments and cash flows.
3 min read · 09 November 2017
Capzanine said Nov. 9 that it has sold its stake in Taliance. Financial terms weren’t announced. Taliance, with offices in Paris, London and New York, provides software for modelling alternative investment portfolios.
2 min read · 09 November 2017
Blackstone Group is planning to sell its stake in Xinrong Best Medical Instrument Co Ltd, a Chinese maker of medical devices, the Wall Street Journal said. Blackstone has hired Morgan Stanley to run a process that is expected to launch in early 2018, the story said. Xinrong could fetch $400 million, the WSJ said.
1 min read · 08 November 2017
Colony Capital has ended talks to buy some or all the assets of the Weinstein Company, according to the New York Times. The parties couldn’t agree on price, the story said. Weinstein entered exclusive talks with Colony on Oct. 16 as it rushed to contain fallout due to sexual harassment and assault allegations against its co-founder Harvey Weinstein, the NY Times said. Colony is the private equity firm run by Thomas J. Barrack Jr.
1 min read · 08 November 2017
Norwest Equity Partners said Nov. 8 that it invested in Ramsey Industries. Financial terms weren’t announced. Ramsey, of Tulsa, Oklahoma, makes service cranes, industrial and commercial winches, planetary gear, and digger drives.
3 min read · 08 November 2017
Tencent has built a more than 10 percent stake in Snap, parent of Snapchat, the Financial Times is reporting. Tencent notified Snap in a regulatory filing that it had built a position of 145.8 million non-voting shares, the story said. Tencent, of China, is behind the popular messaging platform WeChat.
1 min read · 08 November 2017
2 min read · 07 November 2017
