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.
The Abraaj Group said Oct. 4 that it invested in Cinepax Ltd. Financial terms weren’t announced. Cinepax is a cinema operator in Pakistan.
3 min read · 04 October 2017
Steele Compliance Solutions Inc, a portfolio company of Bregal Sagemount, has acquired Compliance Wave LLC. Financial terms weren’t announced. Compliance Wave, of Red Bank, New Jersey, provides a library of over 2,000 micro-learning & communication tools in more than 30 languages.
3 min read · 04 October 2017
TPG has collected $2 billion for The Rise Fund, surpassing its $1.5 billion target, Bloomberg reported. The fund is co-led by Bono. TPG employees plan to commit additional money before the final close, Bloomberg said.
1 min read · 04 October 2017
Warburg Pincus is selling a $1.2 billion slice of one of its Asian investments from one of its funds to secondary buyers, the Wall Street Journal reported. Lexington Partners and Goldman Sachs Group Inc’s asset management arm are the largest buyers in the deal, the story said. When the deal is completed Warburg’s Fund XI exposure to Asian companies to about 40 percent from around 50 percent prior to the deal, the WSJ said.
1 min read · 04 October 2017
Office Depot Inc said late Oct. 3 that it agreed to buy CompuCom Systems Inc for about $1 billion. Thomas H. Lee Partners LP is the seller. THL will hold an 8 percent stake once the deal closes. CompuCom, of Plano, Texas, provides managed IT services to businesses with over 5.1 million unique end users. Goldman Sachs & Co LLC provided financial advice to Office Depot. Wachtell, Lipton, Rosen & Katz served as legal counsel. Weil Gotshal & Manges LLP is serving as legal counsel to CompuCom.
10 min read · 04 October 2017
Regis Corp said Oct. 2 that it sold nearly all of its mall-based salon business in North America to Regent LP. Regis also agreed to sell substantially all of its international segment to Regent, a Los Angeles PE firm. Financial terms weren’t announced. The deal includes 858 Regis salons in North America and MasterCuts locations. The international segment includes 250 Regis salons and Supercuts salons in the U.K. About 9,800 stylists and managers in the salons will become employees of Regent’s the Beautiful Group. The international portion of the deal is expected to close this month.
5 min read · 03 October 2017
One Equity Partners has completed its acquisition of a minority stake of Sanken North America Inc. One Equity acquired 28.8 percent of Sanken new issued shares for $291 million. Sanken North America, of Worcester, Massachusetts, owns two semiconductor businesses, Allegro MicroSystems LLC and Polar Semiconductor LLC.
3 min read · 03 October 2017
Fundamental Capital has invested in Voodoo Doughnut, according to the Portland Business Journal. Financial terms weren’t disclosed. Voodoo’s co-owners, Kenneth “Cat Daddy” Pogson and Tres Shannon, will retain a stake, the story said. Voodoo once offered NyQuil-topped doughnuts and has stores in five different cities, including Denver, Austin and Hollywood, California, the Portland Business Journal said.
1 min read · 03 October 2017
Envoy Global has raised a $21 million Series C round led by Catalyst Investors. Existing investor General Catalyst participated in the round. Envoy, of Chicago, is an immigration services provider. Raymond James & Associates served as the lead adviser to Envoy.
3 min read · 03 October 2017
Sentinel Capital Partners said Oct. that it invested in MB2 Dental Solutions. Financial terms weren’t announced. MB2, of Carrollton, Texas, is a dental service organization with 85 affiliated practices.
3 min read · 03 October 2017
