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 · 01 March 2017
Actis said March 1 that it is has committed $525 million to Atlas Renewable Energy, a Pan-Latin American renewable energy platform. Actis said has acquired 1,500 MW of solar PV assets from SunEdison in Latin America. The deal also includes an agreement to acquire assets including 578 MW of contracted projects in operation, construction or advanced development stage, and over 1,000 MW of projects in early stage development.
2 min read · 01 March 2017
Banyan Technology said Feb. 28 it completed a $7 million financing round. JumpStart Inc and River SaaS Capital participated in the round that included a combination of equity, venture debt, and commercial financing. Banyan, of Cleveland, provides live carrier and API connectivity for transportation management.
3 min read · 01 March 2017
Ares Management LP said March 1 that it acquired portfolio of 1,300 residential units totaling over 65,000 square meters of lettable space in Germany. Financial terms weren’t announced. The properties are located throughout metropolitan areas in Northern Germany as well as along the North Sea and Baltic Sea coasts.
2 min read · 01 March 2017
Onex Corp’s sale of USI Insurance Services has drawn first round bids from Carlyle Group LP, CVC Capital Partners and KKR & Co, Bloomberg is reporting. The offers value USI at more than $4 billion; Bank of America Corp is advising, the story said. Onex acquired USI from Goldman Sachs Group Inc in 2012 in a deal valued at $2.3 billion.
1 min read · 01 March 2017
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014.
3 min read · 01 March 2017
1 min read · 28 February 2017
Red Hawk Fire & Security, a portfolio company of Comvest Partners, has acquired Integrated Systems of Florida. Financial terms weren’t announced. Integrated Systems of Florida, of Oldsmar, is a security systems integration company. Generational Equity advised Integrated Systems.
2 min read · 28 February 2017
Cerberus Capital Management LP said Feb. 28 that it completed its buy of a controlling stake in Staples’ European operations. Staples will retain a 15 percent stake in the business. Reuters reported in December that Cerberus would pay $53.65 million for the business. Staples’ European business consists of retail, contract, and online businesses in 17 countries generating aggregate annual sales of approximately €1.7 billion.
3 min read · 28 February 2017
Flo Live Ltd said Feb. 28 that it raised $4.2 million in a Series A round led by ARIE Capital and Golden Sunflower Capital. Fio Live provides IoT solutions.
3 min read · 28 February 2017
