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.
Nippon Shokubai is buying Sirrus Inc, which is backed by Braemar Energy Ventures. Financial terms weren’t announced. Sirrus, of Loveland, Ohio, develops electron deficient monomers and derivatives.
2 min read · 29 March 2017
Strauss Coffee BV, a subsidiary of Strauss Group Ltd, has acquired the 25.1 percent stake held by TPG Capital for 257 million euros ($279 million). Strauss Group said it has regained full ownership of Strauss Coffee.
4 min read · 28 March 2017
Sofinnova Partners said March 27 that it appointed Antoine Papiernik as its chairman. Papiernik succeeds Denis Lucquin who remains a managing partner.
3 min read · 28 March 2017
Andrew Freeman has joined H.I.G. Middle Market, the middle market affiliate of H.I.G. Capital, as a managing director. Freeman is a former partner at Paine & Partners.
2 min read · 28 March 2017
2 min read · 27 March 2017
Sealed Air Corp said March 27 that it agreed to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division to Bain Capital Private Equity. The deal is valued at about $3.2 billion. The combined company, called New Diversey, will be a hygiene and cleaning solutions company that will employ approximately 8,600 people globally.
6 min read · 27 March 2017
Genstar Capital said March 27 that its latest flagship fund closed on $3.95 billion of capital. The final close of Genstar Capital Partners VIII included $3.1 billion of limited partner capital commitments and $650 million of overage capacity from select LPs. Another $200 million came from the GP and affiliated entities. Evercore Partners served as placement agent for the fund, while Weil, Gotshal & Manges LLP provided legal advice.
3 min read · 27 March 2017
Trusted Health Plan Inc, which is backed by Juggernaut Capital, has closed its buy of Harbor Health Plan Inc. Tenet Healthcare was the seller. The deal was valued at $16 million, according to press reports.
2 min read · 27 March 2017
Aviva Ventures, the venture capital arm of Aviva plc, has invested in Owlstone Medical Ltd. Financial terms weren’t announced. Owlstone Medical, of Cambridge, England, is a diagnostics company developing a breathalyzer for disease.
2 min read · 27 March 2017
Pricoa Capital Group, the private debt and risk capital investment arm of PGIM Inc, has invested in 118 Group Ltd. Financial terms weren’t announced. Cofounders Paul Spinks and Patrick Bradshaw will retain stakes in the company. 118 Group, of the U.K., updates and maintains a database of almost two million UK business records. Pricoa’s investment is comprised of senior debt, a senior accordion, subordinated notes and preferred equity. Pricoa Capital is the investment management business of Prudential Financial Inc.
5 min read · 27 March 2017
