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.
Goldman Sachs has sold its remaining stake in British pensions insurance business Rothesay Life to a trio of existing investors a decade after setting up the company, Reuters reported.
2 min read · 09 August 2017
Air Medical Group Holdings, a KKR portfolio company, is buying American Medical Response from Envision Healthcare Corp. The deal is valued at $2.4 billion. American Medical, of Dallas, provides air and ground ambulance programs in the U.S. and internationally. KKR and Koch Equity Development LLC are providing preferred equity financing.
7 min read · 08 August 2017
JMI Equity said Aug. 8 that it promoted Larry Contrella to principal and Paul Chang to vice president.
2 min read · 08 August 2017
KKR is buying Covenant Surgical Partners Inc. Financial terms weren’t announced. Sellers include DFW Capital Partners, Iroquois Capital Group and PineBridge Investments. Covenant, of Nashville, owns and operates ambulatory surgery centers and physician practices.
3 min read · 08 August 2017
John A. Prasetio, former Ambassador Extraordinary and Plenipotentiary of Indonesia to the Republic of Korea, has joined General Atlantic as a special adviser. He will support the firm’s strategic business initiatives in Southeast Asia.
2 min read · 08 August 2017
Crossroads Holding LLC, a a portfolio company of Revelstoke Capital Partners LLC, has completed its buy of Center of HOPE of Myrtle Beach LLC. Financial terms weren’t announced. Center of Hope, of Myrtle Beach, South Carolina, provides opiate treatment program services in the United States. Winston & Strawn LLP provided legal advice to Revelstoke and Crossroads.
2 min read · 08 August 2017
2 min read · 07 August 2017
One Equity Partners said Aug. 7 that its portfolio company Resolute Industrial LLC has completed the acquisition of Tioga HVAC Rentals. Financial terms weren’t announced. Mangrove Equity Partners and Hunter Equity Capital were the sellers. Tioga, of Detroit, supplies heating and small-tonnage cooling equipment. Oppenheimer & Co Inc advised Mangrove Equity Partners and Hunter Equity Capital in the sale of Tioga to Resolute.
3 min read · 07 August 2017
Permira said Aug 7 that it agreed to sell Netafim Ltd to Mexichem SAB de CV for $1.895 billion. Mexichem is buying 80 percent of Netafim while Kibbutz Hatzerim, the founder, will retain the remaining 20 percent. Netafim, of Israel, provides smart drip and micro-irrigation solutions for sustainable agriculture and other applications. Goldman Sachs, Centerview Partners LLC and Bank of America Merrill Lynch provided financial advice to Permira and Netafim. Skadden, Arps, Slate, Meagher & Flom LLP and EBN&Co acted as legal advisers.
4 min read · 07 August 2017
Xella International GmbH said Aug. 7 that it is buying URSA. Sellers include KKR Credit. Financial terms weren’t announced. URSA, of Madrid, is a European insulation provider, focused on mineral wool and extruded polystyrene for residential and non-residential buildings. KKR Credit was advised by Lazard & Co.
3 min read · 07 August 2017
