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.
KKR said Oct. 25 that it has acquired a roughly 12.64 percent stake in PT Nippon Indosari Corpindo Tbk. Financial terms weren’t announced. PT Nippon Indosari is a mass market bread company in Jakarta, Indonesia.
4 min read · 26 October 2017
ADM Capital Europe LLP said Oct. 26 that it has acquired a majority stake in Olivos Naturales. Financial terms weren’t announced. Olivos Naturales, of Pamplona, Spain, produces extra virgin olive oil.
4 min read · 26 October 2017
2 min read · 25 October 2017
Carlyle Group on Oct. 25 unveiled a series a series of executive changes. Effective Jan. 1, Kewsong Lee and Glenn A. Youngkin will become co-CEOs of the firm, while Peter J. Clare will become co-chief investment officer alongside current CIO William E. Conway Jr. Daniel A. D’Aniello, Carlyle’s current chairman, will become chairman emeritus and continue to serve on the Carlyle board and executive group. David M. Rubenstein and William E. Conway Jr, current co-CEOs, will become co-executive chairmen of the board and continue to serve on the Carlyle Executive Group.
6 min read · 25 October 2017
Klook said Oct. 24 that it raised $60 million in Series C funding led by Sequoia China. Also participating in the round were Goldman Sachs, existing investor Matrix Partners, and various Asia-based family funds through global VC fund, OurCrowd. Klook, of Hong Kong, is a travel startup that provides an in-destination services booking platform.
5 min read · 25 October 2017
Covalent Health, a portfolio company of New Heritage Capital, has acquired St. Vincent Ambulance Service. Financial terms weren’t announced. St. Vincent Ambulance Service, of Jacksonville, Florida, is the transport provider for St. Vincent HealthCare facilities.
2 min read · 25 October 2017
2 min read · 24 October 2017
Ridgemont Equity Partners said Oct. 24 that it completed an investment in Service Management Group. Financial terms weren’t announced. Service Management, of Kansas City, Missouri, provides a customer experience management technology platform. William Blair provided financial advice while Husch Blackwell LLP served as legal counsel to SMG. Alston & Bird LLP served as legal counsel to Ridgemont.
3 min read · 24 October 2017
think project! said Oct. 24 that Ralf Grüßhaber was named managing director and chief financial officer. Grüßhaber was most recently a managing director of B2X Care Solutions. think project! is a portfolio company of TA Associates.
3 min read · 24 October 2017
AV Capital said Oct. 24 that it acquired American Insulated Glass LLC (AIG). Financial terms weren’t announced. ORIX Mezzanine & Private Equity also invested. AIG, of Conley, Georgia, fabricates and distributes glass products in the Southeast U.S. Raymond James advised AIG.
4 min read · 24 October 2017
