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.
Toshiba Corp said late Aug 30 that it is continuing in talks with three different groups of potential buyers for Toshiba Memory Corp. One group include the Innovation Network Corp of Japan, Bain Capital Private Equity LP and Development Bank of Japan, while a second one includes Western Digital, and Hon Hai leads a third team. Toshiba said it was unable to reach a decision for its Aug 31 board of directors meeting and intends to continue discussions with the groups of bidders. Toshiba Memory is expected to sell for $18 billion, according to press reports.
2 min read · 31 August 2017
Pouschine Cook Capital Management LLC said Aug. 30 that it acquired Southern Dental Alliance. Financial terms weren’t announced. Co-investors include Pantheon Ventures, Stockwell Capital, QS Capital Strategies LP and an affiliate of Pouschine Cook. Southern Dental, of Kennesaw, Georgia, is a dental services organization that provides business and non-clinical support services to dental practices specializing in pediatric dentistry, family dentistry, orthodontics and oral surgery.
3 min read · 31 August 2017
CITIC Capital Partners Ltd said Aug. 31 that it closed the sale of Polymatech Group to Sekisui Chemical Co Ltd. The deal was previously announced in April. Polymatch makes polymer parts and specializes in polymer material compounding.
2 min read · 31 August 2017
EV Private Equity has invested in Evolution Engineering Inc. Financial terms weren’t announced. Evolution Engineering, of Calgary, provides products and engineering services to the measurement while drilling market.
2 min read · 30 August 2017
CCMP Capital Advisors LP said Aug. 30 that it has agreed to buy a controlling stake in Eating Recovery Center. Financial terms weren’t announced. Lee Equity Partners and certain other investors were the sellers. Eating Recovery provides specialized treatment for individuals with eating disorders.
4 min read · 30 August 2017
Michael Newton and John MacFeeters have joined Crestbridge. Newton is head of fund services while MacFeeters is client director. News was previously with State Street where he was a senior vice president, while MacFeeters was with Mourant Ozannes where he advised on fund formation as a senior associate.
3 min read · 30 August 2017
2 min read · 29 August 2017
Parcom Capital said Aug. 29 that it has acquired Viroclinics Biosciences. Financial terms weren’t announced. Viroclinics, of the Netherlands, tests new vaccines and drugs in the clinical trial stages prior to their market launch.
3 min read · 29 August 2017
Kim Perdikou has joined CloudScale Capital Partners as a partner. Perdikou most recently was executive vice president at Juniper Networks.
2 min read · 29 August 2017
Resonetics, a portfolio company of Sverica Capital Management, has acquired Aduro Laser. Financial terms weren’t announced. Aduro, of Davis, California, provides laser processing of tubular components for the medical device industry.
3 min read · 29 August 2017
