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.
Ares Management LP said July 26 that it has acquired an approximately 300-unit, 24,000-square-meter residential and retail complex in the Frankfurt Rhine-Main metropolitan region of Germany. Financial terms weren’t announced.
2 min read · 26 July 2017
TA Associates said July 26 that Jessica Cohen has rejoined the firm as a vice president in Boston, while Stefan Dandl and Jérémy Dréan were promoted to vice president in London.
3 min read · 26 July 2017
Platte River Equity said July 26 that it sold ACT Independent Turbo Services Inc to Doosan Heavy Industries & Construction. Financial terms weren’t announced. ACT, of Houston, is a full-service gas and steam turbine repair company focused on large frame turbines for power and industrial end users.
2 min read · 26 July 2017
Noticeboard said July 25 that it raised $1.2 million in funding led by Stellaris Venture Partners. Noticeboard, of Bengaluru, India, is a communication platform focused on frontline staff.
3 min read · 25 July 2017
Circulation said July 25 that it raised $10.5 million in Series A financing co-led by Flare Capital Partners and The Providence Service Corp. Other investors include Boston Children’s Hospital, Echo Health Ventures, Intermountain Healthcare Innovation Fund, Humana, NextGen Venture Partners and a healthcare diagnostics company. Circulation, of Boston, provides a digital platform to coordinate non-emergency transportation for areas of healthcare.
3 min read · 25 July 2017
The CapStreet Group said July 24 that it completed a majority recapitalization of Marco Group International. Financial terms weren’t announced. Marco, of Davenport, Iowa, makes and distributes surface preparation equipment, parts and supplies to industrial contractors primarily in the downstream energy, infrastructure and industrial markets.
2 min read · 25 July 2017
Goldman Sachs has invested $35 million in beqom. Beqom, of Fribourt, Switzerland, provides compensation management software.
3 min read · 25 July 2017
2 min read · 24 July 2017
Internet Brands, a KKR portfolio company, has agreed to buy WebMD for $2.8 billion. KKR is paying $66.50 a share cash for the company. WebMD is an online health publisher. J.P. Morgan Securities LLC is serving as financial adviser to WebMD and Shearman & Sterling LLP is serving as legal adviser. Simpson Thacher & Bartlett LLP is serving as legal advisor to Internet Brands.
6 min read · 24 July 2017
Carlyle Group said July 24 that it agreed to sell a majority of The Nature's Bounty Co to KKR. Financial terms weren’t announced. Nature Bounty, of Ronkonkoma, New York, makes, markets and distributes vitamins, nutritional supplements, sports & active nutrition and ethical beauty products. KKR’s buy of Nature’s Bounty was reportedly valued at $3 billion. Carlyle was advised in the transaction by Goldman Sachs, Houlihan Lokey, UBS Investment Bank, Latham & Watkins, PricewaterhouseCoopers and The Boston Consulting Group. KKR was advised in the transaction by Simpson Thacher & Bartlett and Deloitte.
4 min read · 24 July 2017
