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.
Pamlico Capital said July 24 that it closed the sale of portfolio company Dexter & Chaney LLC to Viewpoint Construction Software. Financial terms weren’t announced. Dexter & Chaney, of Seattle, provides financial and operational management software for construction contractors. Aeris Partners provided financial advice while Troutman Sanders LLP acted as the attorney.
3 min read · 24 July 2017
Platinum Equity said July 24 that it agreed to buy United Site Services. Financial terms weren’t announced. United Site Services, of Westborough, Massachusetts, provides portable restrooms, temporary fence and related site services.
2 min read · 24 July 2017
One Equity Partners is buying a minority stake, 28.8 percent, of Sanken North America via a private placement. The deal is valued at $291 million. Sanken Electric Company Ltd, the parent, will receive the $291 million in proceeds through a special dividend. Sanken North America, of Worcester, Massachusetts, owns two semiconductor businesses, Allegro MicroSystems LLC and Polar Semiconductor LLC. Sanken Electric supplies analog power semiconductor products.
3 min read · 18 July 2017
Wind River Environmental, a portfolio company of Gryphon Investors, has acquired Soucy’s Septic Service. Financial terms weren’t announced. Soucy’s, of Salem, New Hampshire, is a septic tank service provider.
2 min read · 18 July 2017
T2 Systems, a portfolio company of Thoma Bravo, has acquired ParkingSoft. Financial terms weren’t announced. ParkingSoft, of Atlanta, provides cloud software, automated hardware, and IT and support solutions for the parking technology industry
4 min read · 18 July 2017
Bright.md said July 17 that it closed an $8 million Series B funding round led by B Capital Group. Existing investor Seven Peaks Ventures also participated. Bright.md, of Portland, Oregon, provides software that aims to automate care and communication between physician and patient.
5 min read · 18 July 2017
Kohlberg & Company LLC said July 17 that it completed its buy of the winter sports business of Newell Brands Inc. Kohlberg also said that Christoph Bronder, president and CEO of Marker Dalbello Völkl, will assume the role of president and CEO of the company.
3 min read · 18 July 2017
Activa Capital and Bpifrance have sold their stakes in Nexeya back to the company’s management, which will have a 75 percent stake. Financial terms of the transaction, which were backed by Capzanine and BNP Developpement, were not announced. Nexeya, of Paris, design, makes and supports embedded, stand-alone and ground equipment products, integrated systems and system support services for air, land, naval and joint task forces.
3 min read · 18 July 2017
J.W. Childs Associates LP said July 18 that it has acquired a majority stake in EbLens LLC. KarpReilly LLC is the seller. Financial terms weren’t announced. EbLens, of Torrington, Connecticut, is a retailer of urban-inspired footwear, apparel and accessories. Robert W. Baird & Co provided financial advice to EbLens, while Ropes & Gray LLP acted as legal counsel. Arnold & Porter Kaye Scholer LLP served as legal counsel to J.W. Childs.
3 min read · 18 July 2017
Pritzker Group Private Capital said July 18 that Thomas Chadwick has joined as a vice president of the group’s manufactured products team. Chadwick previously spent two years as a private equity associate for Madison Dearborn Partners.
2 min read · 18 July 2017
