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.
Apax Partners said Oct. 3 that its buy of 3M's electronic monitoring business has been completed. The company will be rebranded as Attenti while Boaz Raviv was named its CEO. Raviv is the former CEO of Radvision.
2 min read · 03 October 2017
Genstar Capital said Oct. 3 that it sold MW Industries to American Securities. Financial terms weren’t announced. MW, of Rosemont, Illinois, provides highly engineered springs, specialty fasteners and other precision components. Baird provided financial advice to the company, while Latham & Watkins LLP served as legal counsel.
2 min read · 03 October 2017
New Water Capital LP has invested in Myotek. Financial terms weren’t announced. Myotek, of Irvine, California, provides automotive forward lighting.
2 min read · 03 October 2017
SK Capital Partners said Oct. 3 that Edward Donkor has joined as a principal. Simon Dowker joined as director of business development. Donkor was previously a principal at Pine Brook Partners, while Dowker formerly served as a managing director at PJT Partners.SK Capital Partners said Oct. 3 that Edward Donkor has joined as a principal. Simon Dowker joined as director of business development. Donkor was previously a principal at Pine Brook Partners, while Dowker formerly served as a managing director at PJT Partners.
2 min read · 03 October 2017
Danny Meyer, Shake Shack’s founder, has launched a private equity fund, according to the Wall Street Journal. Enlightened Hospitality Investments LP has raised $220 million. The fund is run by Meyer’s Union Square Hospitality Group and will include outside investors, along with USHG itself, the story said. The fund will invest $10 million to $20 million equity in businesses that share USHG’s “enlightened hospitality” model, the WSJ said.
1 min read · 03 October 2017
High Road Capital Partners has closed the sale of the Crown Group to PPG. The deal was announced in July. Crown, of Warren, Michigan, provides coating, assembly operations and logistics services to automotive, agricultural, heavy truck and white goods industries.
4 min read · 03 October 2017
Invesco Ltd said Sept. 28 that it agreed to buy Guggenheim Investments' exchange-traded funds (ETF) business for $1.2 billion cash. Guggenheim’s ETF business had $36.7 billion of assets as of Aug. 31. The deal includes Guggenheim’s BulletShares ETFs. Citigroup Global Markets provided financial advice to Guggenheim.
5 min read · 02 October 2017
2 min read · 02 October 2017
The Bravo Family foundation has pledged $10 million to Puerto Rico’s recovery efforts. The island has little electricity, water or food nearly a dozen days since Hurricane Maria hit on Sept. 20.
2 min read · 02 October 2017
The Nordstrom family is struggling to cobble together financing for its take private of the retailer, the New York Post is reporting. The family may not be able to close the deal, the story said. The surprise bankruptcy of Toys ‘R’ Us in September added to lenders’s and the family’s anxiety, the NY Post said. The Nordstrom family last month reached a deal with Leonard Green & Partners to support the buyout.
1 min read · 02 October 2017
