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.
U.S. Fence Solutions Co, a portfolio company of Building Industry Partners, said Jan. 4 that invested and recapitalized Binford Supply LLC. Financial terms weren’t announced. Binford, of Dallas, is a residential & commercial fencing distributor in Texas.
5 min read · 04 January 2017
Ares Capital Corp said Jan. 3 that it completely its buy of American Capital Ltd. Ares announced in May that it would buy American Capital in a deal valued at $3.4 billion. Ares owns nearly 74 percent of the company while American Capital has 26.3 percent.
4 min read · 04 January 2017
TA Associates said Jan. 4 that Birker Bahnsen was promoted to Managing Director from Director, while Ethan Liebermann was promoted to Principal from Senior Vice President. TA also made Aditya Sharma a Senior Vice President and Vivek Mohan was named Vice President.
3 min read · 04 January 2017
Roxit Group, a portfolio company of Main Capital, has acquired PSMS. Financial terms weren’t announced. PSMS develops software for the management of infrastructure and public spaces in the Netherlands.
3 min read · 04 January 2017
2 min read · 03 January 2017
KKR is still interested in buying Depomed, which has been up for sale, according to press reports. Final bids for Depomed, an opioid maker, are due Wednesday, the New York Post is reporting. Daichi Sankyo, of Japan, is also expected to bid, the story said. Depomed, of Newark, California, acquired Nucynta in early 2015 from Janssen Pharmaceuticals Inc for just over $1 billion, Reuters has reported.
1 min read · 03 January 2017
Sentinel Capital Partners has invested in Altima Dental Centres. Financial terms weren’t announced. Altima, of Toronto, is a dental services organization.
3 min read · 03 January 2017
Anshu Jain, the former Co-Chief Executive Officer of Deutsche Bank, has joined Cantor Fitzgerald LP as President. Shawn Matthews will remain the President and Chief Executive Officer of Cantor Fitzgerald & Co., the firm's broker-dealer subsidiary.
3 min read · 03 January 2017
Baker Hughes Inc, CSL Capital Management and West Street Energy Partners said Dec. 30 that BJ Services has launched. BJ Services, of Tomball, Texas, is a land pressure pumping company providing hydraulic fracturing and cementing services. Baker Hughes contributed its North American land cementing and hydraulic fracturing businesses to BJ, according to a Nov. 29 statement. CSL and West Street provided $325 million and together own 53 percent of BJ Services, the statement said. West Street is the Merchant Banking Division of Goldman Sachs.
2 min read · 03 January 2017
Clearlake Capital and Vector Capital have made a bid to buy Tangoe Inc, a provider of expense management software. Clearlake and Vector have made a “non-binding, preliminary indication of interest” to buy Tangoe, and have offered to pay $7 for each outstanding Tangoe outstanding share, an SEC filing said. The purchase group would own 25 percent of Tangoe’s outstanding stock, the regulatory filing said.
1 min read · 03 January 2017
