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 said Nov. 29 that it has agreed to buy Arle Capital Partners' stake in Hilding Anders. Financial terms weren’t announced. KKR previously invested in Hilding Anders in 2013 when KKR Credit invested 350 million euros as part of a refinancing. Hilding Anders, of Malmö, Sweden, is a European provider of beds and mattresses.
3 min read · 29 November 2016
NBK Capital Partners has invested in Kaumeya Language Schools. Financial terms weren’t announced. The European Bank for Reconstruction and Development is providing financing. Kaumeye Language School, a K-12 school established by Mr. & Mrs. Laithy Abdel Nasser in 1959 as a language school in Alexandria, provides Egyptian, British (IGCSE) and American Diploma curricula.
2 min read · 28 November 2016
IK Investment Partners said Nov. 28 that its eighth mid cap fund raised 1.85 billion euros ($1.96 billion). IK VIII Fund exceeded its €1.6bn target and will make majority investments in companies with enterprise values up to approximately €500 million in IK’s core markets: Benelux, DACH, France and the Nordics. Kirkland & Ellis LLP acted as the legal counsel to the Fund.
2 min read · 28 November 2016
OpenGate Capital has acquired Umicore Zinc Chemicals. Umicore, the parent company, was the seller. Umicore, based in Angleur, Belgium, produces specialty zinc chemicals and has been renamed EverZinc. It generates over 400 million euros in annual revenue and has more than 500 employees globally.
3 min read · 28 November 2016
Align Capital Partners has invested in Alliance Source Testing LLC. Financial terms weren’t announced. Alliance Source, of Decatur, Alabama, provides source testing solutions for utility, aluminum, midstream energy, specialty chemical and other types of industrial facilities. Madison Capital Funding provided financing for the transaction. Kirkland & Ellis LLP provided legal and advice to ACP, while Exit Strategies brokered the transaction.
3 min read · 28 November 2016
Sino-Ocean Group Holding Ltd and KKR have agreed to invest in Beijing Capital Juda Ltd in a deal valued at 1.447 million Hong Kong dollars ($191 million). Once the deal closes, Sino-Ocean will own about 15 percent in Capital Juda, while KKR will have 12 percent. Capital Juda is a retail outlets developer and operator.
4 min read · 28 November 2016
Wellspring Capital Management LLC has completed its buy of Hoffmaster Group Inc. Metalmark Capital was the seller. Financial terms weren't announced. Oshkosh, Wisconsin-based Hoffmaster makes and supplies disposable tableware including paper plates, cups, napkins and decor. Robert W. Baird & Co served as financial advisor and Davis Polk & Wardwell LLP acted as legal advisor.
3 min read · 23 November 2016
Marlin Equity Partners said Nov. 21 that it has acquired EdgeAQ LLC. Financial terms weren’t announced. EdgeAQ, of Nashville, provides a cloud-based product content network as well as home improvement configuration software and services.
2 min read · 22 November 2016
Gauge Capital has agreed to sell Veridicus Holdings LLC to Magellan Health Inc. Financial terms weren’t announced. Salt Lake City-based Veridicus provides pharmacy benefit management, medication therapy management, clinical care management, and Medicare Part D services to self-funded employers, third party administrators and plan sponsors
2 min read · 22 November 2016
Norwest Equity Partners has agreed to sell Stanton Carpet Corp to Quad-C Management. Financial terms weren’t announced. Stanton, of Syosset, New York, designs and distributes branded carpet and custom rugs and runners. BB&T Capital Markets served as financial advisor to Norwest Equity Partners. Winston & Strawn LLP served as legal advisor to Stanton.
3 min read · 22 November 2016
