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.
2 min read · 04 August 2017
2 min read · 03 August 2017
The TSB Community Trust said Aug. 3 that it is buying the 51 percent of Fisher Funds it does not currently own. TSB has also agreed to sell a 24.99 percent stake in Fisher Funds to TA Associates. Financial terms of the transactions were not announced. Following regulatory approval, TA’s stake in Fisher Funds will jump to 34 percent while TSB will have 66 percent. Fisher Funds is New Zealand’s fifth largest KiwiSaver provider and fifth largest fund manager overall.
3 min read · 03 August 2017
Clinical Innovations, a Pritzker Group company, has acquired Brenner Medical GmbH. Financial terms weren’t announced. Brenner Medical, of Germany, was founded by owner Angelika Salomon in 1997. It offers products for the fields of obstetrics and gynecology.
3 min read · 03 August 2017
Pantheon said Aug. 3 that Matt Jones and Rudy Scarpa were appointed co-heads of the global private equity secondaries team. Elly Livingstone, who has led this team since 2004, will focus on fundraising and investment.
2 min read · 03 August 2017
DigiCert, a Thoma Bravo portfolio company, is buying Symantec Corp’s website security business and related PKI solutions for about $950 million cash. Symantec will also receive a 30 percent stake in DigiCert’s business. Symantec’s website security unit helps businesses verify the identity of websites, according to press reports. UBS Investment Bank, Credit Suisse, Jefferies Finance LLC and Goldman Sachs Bank USA are providing financing.
6 min read · 03 August 2017
Atria Wealth Solutions has agreed to buy CUSO Financial Services LP and its sister company, Sorrento Pacific Financial. Financial terms weren’t announced. CUSO co-founders Valorie Seyfert and Amy Beattie will have a stake in Atria and will continue to lead CUSO/Sorrento. CUSO/Sorrento, of San Diego, provides customized investment and insurance solutions to over 200 financial institutions. Atria is a portfolio company of Lee Equity Partners.
4 min read · 02 August 2017
EyeSouth Partners, a portfolio company of Shore Capital Partners, has invested in Georgia Retina. Financial terms weren’t announced. Georgia Retina treats diseases of the retina, macula, and vitreous via 12 locations in the Atlanta metro area and throughout Georgia.
3 min read · 02 August 2017
2 min read · 02 August 2017
KKR said Aug. 2 that it has agreed to buy PharMerica Corp in a deal valued at $1.4 billion, including debt. Walgreens Boots Alliance Inc will have a minority stake. PharMerica, of Louisville, Kentucky, operates 96 institutional pharmacies, 20 specialty home infusion pharmacies and 5 specialty oncology pharmacies in 45 states.
8 min read · 02 August 2017
