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.
KKR and KSL Capital Partners have agreed to buy Apple Leisure Group from Bain Capital Private Equity. Financial terms weren’t announced. Philadelphia-based Apple Leisure is a hospitality company that sells all-inclusive vacation packages. Credit Suisse and Kirkland & Ellis LLP served as advisors to Bain Capital Private Equity. Simpson Thacher & Bartlett LLP and Dentons served as advisors to KKR and KSL.
5 min read · 13 December 2016
Contegix, which is backed by Strattam Capital, has acquired Admo.net Web Services LLC. Financial terms weren’t announced. Admo.net, of Kansas City, is a cloud and managed services provider.
3 min read · 13 December 2016
California Cryobank said Dec. 13 that it has acquired Donor Egg Bank USA. Financial terms weren’t announced. California Cryobank is backed by Longitude Capital and NovaQuest Capital Management. The Los Angeles company provides frozen donor sperm and egg services, as well as reproductive tissue storage.
4 min read · 13 December 2016
Ares EIF Group has agreed to sell the Pio Pico Energy Center to institutional investors advised by J.P. Morgan Asset Management. Financial terms weren’t announced. Pio Pico is a 322-MW simple cycle gas-fired power facility located in Otay Mesa, California. Ares Management LP acquired Ares EIF Group, formerly known as Energy Investors Funds (EIF) in January 2015.
3 min read · 13 December 2016
Aden + anais, a portfolio company of Swander Pace Capital, said Dec. 12 that it acquired Halo Innovations. Financial terms weren’t announced. Minneapolis-based Halo provides wearable blankets for babies.
4 min read · 12 December 2016
QGel said Dec. 12 that it closed a $12 million financing round. The round was led by new private investors, and includes continued participation from existing investors. QGel, of Lausanne, Switzerland, is a biomaterials company that is developing synthetic gels for 3D in vitro growth of miniature human organs and tumors that mimic original organs and tumors in certain structure and functions.
3 min read · 12 December 2016
Adveq said Dec. 12 that its latest fund closed at 462 million euros ($490.1 million). The target of Adveq Europe VI was 350 million euros ($371.3 million). Adveq Europe VI targets primary, secondary and co-investment opportunities in the European small buyout segment. Investors include pension funds, insurance companies and endowments.
2 min read · 12 December 2016
Optimizer Invest, Kinetic Investments and Right Casino’s Sam Miranda have invested $2 million in Investoo.com. London-based Investoo.com is an online trading school, which offers Forex, Binary Options and CFD courses in over 8 languages.
2 min read · 12 December 2016
2 min read · 09 December 2016
Leeds Equity Partners LLC is merging four companies to focus exclusively on information and compliance solutions. The New York private equity firm said December 7 that it simultaneously acquired BLR, DecisionHealth, Argosy and CCMI. Financial terms of the deal, which closed this week, weren't announced. UCG Holdings LP of Gaithersburg, Maryland, has sold all its stakes in DecisionHealth, Argosy and CCMI, said Jeffrey Leeds, president and co-founder of Leeds Equity. Argosy is the parent of PE Hub-PE Hub Canada and Buyouts Insider, publisher of this report.
2 min read · 08 December 2016
