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.
KES Power has agreed to sell its 66.4 percent stake in K-Electric to the Shanghai Electric Power Company Ltd for $1.77 billion. K-Electric, of Karachi, Pakistan, was formerly known as Karachi Electric Supply Company and is a publicly listed power utility involved in generation, transmission and distribution. KES Power is a portfolio company of the Abraaj Group.
5 min read · 31 October 2016
Jack Hansen has joined Altas Partners as a Director. He previously an Associate at Berkshire Partners, his LinkedIn profile said.
1 min read · 31 October 2016
4 min read · 28 October 2016
Situs said Oct. 27 that it hired Christian Bearman as CEO of Situs Europe, effective 1st February 2017. Bearman also joins the Situs Group Executive Management Team. Bearman was previously Head of Corporate Development & Operations at Valad Europe. Stone Point Capital owns Situs.
3 min read · 27 October 2016
Bonesupport AB said Oct. 27 that it raised $37 million in equity and debt funding led by Tellacq AB. Other investors included current shareholders such as HealthCap, Lundbeckfond Ventures, Industrifonden, AP3 (The Third Swedish National Pension Fund) and Carl Westin. The debt finance was provided by Kreos Capital. Bonesupport, of Lund, Sweden, provides products to treat patients with fractures and bone voids caused by trauma, infection, disease or related surgery.
4 min read · 27 October 2016
Maven Capital Partners said Oct. 27 that Dr Melanie Goward was named an Investment Director to its London based investment team. Goward was previously with Finance Wales, where she worked as fund manager for the Wales Technology Seed Fund.
3 min read · 27 October 2016
Confie, a portfolio company of ABRY Partners, has acquired insurance brokerages in New Jersey, Texas and New York. They include Salermo Insurance Agency LLC located in Elizabeth, New Jersey; Hulme Corporation, dba Alamo Auto Insurance of East Texas, that is based in Tyler, Texas; and, Lockwood Agency Inc of Jamestown, New York. Financial terms weren’t announced.
2 min read · 26 October 2016
Goode Partners LLC has acquired Stonefire Grill Inc. Financial terms weren’t announced. Stonefire is a fast-casual dining concept in the Southern California market. Merit Harbor Group advised Stonefire.
2 min read · 26 October 2016
Global Access LLC said Oct. 25 that Andrew Shuster has joined the firm as a Managing Director in New York. Shuster previously spent 23 years with the Investment Banking Division of Barclays Bank PLC.
2 min read · 26 October 2016
Experienced Capital and 360 Capital Partners have invested in Le Slip Français. Financial terms weren’t announced. Le Slip Français, of Paris, is an underwear and swimwear retailer.
3 min read · 26 October 2016
