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.
Alpha Private Equity said June 6 that its seventh mid-market Pan-European private equity fund with 903 million euros ($1.01 billion) in total commitments. The target of Alpha Private Equity Fund was 800 million euros. The pool will seek control investments in continental European mid-market companies with a strong global edge or an innovative competitive advantage. Capstone Partners served as exclusive placement agent on the fundraise. Legal and tax advisers include Willkie Farr & Gallagher LLP, Arendt & Medernach, Reed Smith and Baker & McKenzie.
2 min read · 06 June 2017
Clayton, Dubilier & Rice has agreed to buy the Waterworks business unit of HD Supply Holding Inc for $2.5 billion. Waterworks, of St. Louis, is a U.S. distributor of industrial and construction products used to build and maintain underground water, wastewater and drainage infrastructure networks.
3 min read · 06 June 2017
Warburg Pincus has invested up to $300 million to Princeton Growth Ventures, a telecom, media and technology platform from Rangu Salgame. Princeton Growth will seek to buy carve-out assets in geographies including India, China, Southeast Asia, the Middle East and Latin America. Salgame most recently was CEO of the Growth Ventures Group.
4 min read · 06 June 2017
2 min read · 05 June 2017
Avista Capital Partners has acquired National Spine & Pain Centers. Sentinel Capital Partners is the seller. Financial terms weren’t announced. National Spine, of Rockville, Maryland, provides administrative services to interventional pain management clinics focused on relieving chronic back and neck pain. Moelis & Company and Houlihan Lokey acted as financial advisors and Kirkland & Ellis LLP provided legal advice to NSPC. Ropes & Gray LLP acted as legal counsel to Avista.
3 min read · 05 June 2017
McNally Capital said June 5 that it promoted four executives. Adam Lerner was named a partner, while Catherine Lien, Josh Brown and Ravi Shah were promoted to vice president. John Freund also joined McNally as a senior adviser. Freund was previously a managing director with Citigroup / Travelers Group.
3 min read · 05 June 2017
Bregal Sagemount said June 5 that it acquired Lux Research. Financial terms weren’t announced. Lux, of Boston, provides market intelligence services. Foley Hoag LLP provided legal counsel to Lux Research. Sagemount was represented by Goodwin Procter LLP.
3 min read · 05 June 2017
Prometheus Group, a Francisco Partners portfolio company, has acquired Pipeline Group Inc and Sage Technology. Financial terms weren’t announced. Pipeline provides solutions for organizations to plan, schedule, manage and execute shutdowns/turnarounds and capital projects. Sage Technology, of Australia, is focused on industrial safe work solutions including electronic permit to work, risk assessment, and job monitoring.
3 min read · 05 June 2017
Shore Capital Partners said June 5 that it completed its recapitalization of Behavioral Innovations and formed SCP Behavioral Innovations HoldCo LLC. Behaviorial Innovations, of Texas, provides center-based and in-home applied behavior analysis therapy, speech therapy and occupational therapy services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities.
3 min read · 05 June 2017
2 min read · 02 June 2017
