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.
Harbour Energy Ltd said Nov. 1 that it closed its $3 billion buy of a package of oil and gas producing assets in the U.K. North Sea from Shell U.K. Ltd. The acquired asset package includes a diversified portfolio of interests in ten operated and non-operated field areas. Harbour Energy is an investment vehicle managed by EIG Global Energy Partners.
3 min read · 01 November 2017
AE Industrial Partners LLC said Nov. 1 that it acquired F.M.I. Inc. Financial terms weren’t announced. FMI, of Park City, Kansas, provides premium forming, machining, engineering, and complex assembly services to global aerospace customers. Koch Siedhoff Hand & Dunn LLP provided financial advice to FMI, while legal advice was provided by Klenda Austerman LLC. Kirkland & Ellis LLP served as AEI’s legal advisor.
2 min read · 01 November 2017
Blackstone has acquired a 4-million-square-foot portfolio of warehouses, distribution centers and other industrial property for $500 million, the Wall Street Journal is reporting. Principal Real Estate Investors, the real estate investment arm of Des Moines, Iowa-based Principal Financial Group, is the seller, the story said.
1 min read · 01 November 2017
Shore Capital Partners has invested in Advanced Animal Hospital Group and Progressive Pet Animal Hospitals through a recapitalization. Financial terms weren’t announced. Shore Capital has also merged the businesses to form Midwest Veterinary Partners. The company provides services to companion animals including vaccinations, surgery, wellness exams, oncology, ophthalmology, allergy treatment and dermatology. Katten Muchin Rosenman LLP provided legal counsel to Shore Capital Partners. Butzel Long was the attorney for Advanced Animal Hospital Group and Progressive Pet Animal Hospitals.
3 min read · 01 November 2017
ITRenew said Nov. 1 that it sold a controlling stake in the company to Zelnick Media Capital. Financial terms weren’t announced. ITRenew, of Newark, California, provides IT lifecycle management services, including data center decommissioning, data erasure and security services. Wells Fargo Securities LLC provided financial advice while Moore & Van Allen PLLC acted as legal advisor to ITRenew. Sidley Austin LLP acted as legal advisor to ZMC.
3 min read · 01 November 2017
2 min read · 31 October 2017
Falconhead Capital LLC said Oct. 31 that it agreed to sell GPSi Holdings LLC to Ingersoll-Rand plc. Financial terms weren’t announced. GPSi, of Sarasota, Florida, provides cloud-based technology solutions for fleet managers in various transportation markets including education, golf and resorts. Piper Jaffray & Co provided financial advice while Weil Gotshal & Manges LLP acted as legal advisor for GPSi in this transaction.
4 min read · 31 October 2017
Kissner Group Holdings LP, a portfolio company of Metalmark Capital, said Oct. 31 that it will buy US Salt LLC. Crestwood Equity Partners LP is the seller. US Salt, of Watkins Glen, New York, is an evaporated salt business.
3 min read · 31 October 2017
Francisco Partners said Oct. 31 that it acquired a majority stake in Comodo’s certificate authority business, Comodo CA Ltd. Financial terms weren’t announced. Comoda CA provides SSL certificates. Bill Holtz, the former COO of Entrust, is joining the company as CEO. Melih Abdulhayoglu, who is also a founding member of the CA/Browser Forum, will retain an ownership stake and remain a board observer of Comodo CA.
5 min read · 31 October 2017
Staples Inc, a portfolio company of Sycamore Partners, is moving forward with plans to sell its operations in China, the Wall Street Journal reported. Staples is talking to potential buyers in Asia and round of bids is due in a few weeks, the story said.
1 min read · 31 October 2017
