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 · 25 October 2016
Kayne NewRoad Ventures Fund II LP has invested $5 million in Anthem-Epoch Inc, parent company of Epoch Health. Epoch Health has seven clinics spread across Arkansas, Missouri, Arizona and Alaska that target the male patient population, who typically avoids proper medical and/or preventative care. Kayne NewRoad Ventures Fund II LP is co-managed by Kayne Anderson Capital Advisors LP and NewRoad Capital Partners LLC.
4 min read · 24 October 2016
American Midstream Partners LP and JP Energy Partners LP are merging in a deal that will create a combined midstream platform valued at $2 billion. ArcLight Capital Partners LLC, the sponsor of both American Midstream and JP Energy, will combine the GPs of the two companies. Bank of America Merrill Lynch acted as financial advisor to American Midstream and Simmons & Company International, Energy Specialists of Piper Jaffray acted as financial advisor to the Conflicts Committee of American Midstream. Locke Lord LLP was legal counsel to American Midstream and Thompson & Knight LLP was legal counsel to the Conflicts Committee of American Midstream. BMO Capital Markets provided financial advice to JP Energy and Latham & Watkins acted as legal counsel to JP Energy. Andrews Kurth LLP acted as legal advisor to ArcLight.
6 min read · 24 October 2016
Platinum Equity said Oct. 24 that it agreed to sell Mactac Americas LLC to LINTEC Corp. The deal was valued at $375 million. Mactac, of Stow, Ohio, makes and distributes pressure sensitive labels. Moelis & Company LLC and Goldman, Sachs & Co served as financial advisors to Platinum Equity and Latham and Watkins was Platinum Equity's legal counsel.
3 min read · 24 October 2016
Palamon Capital Partners said Oct. 24 that it agreed to sell SARquavitae to HomeVi S.A.S., a portfolio company of PAI Partners. SARquavitae, of Barcelona, Spain, is an elderly care provider. Palamon said the deal will result in an investment return of 3.0x.
2 min read · 24 October 2016
2 min read · 21 October 2016
Tricia Patrick has joined Advent International’s retail, consumer and leisure investment team as a Managing Director. Patrick was previously with Bain Capital Private Equity where she most recently was a principal in the consumer, retail and dining sector team.
3 min read · 20 October 2016
Atipica said Oct. 20 that it raised $2 million in a seed round led by True Ventures. Kapor Capital and Charles Hudson's new firm, Precursor Ventures, participated in the round along with a number of angel investors, including industry veteran and former Yahoo! CHRO David Windley, early Twitter engineer Matt Sanford, and former Reddit CEO Ellen Pao. Atipica is a talent discovery engine startup.
1 min read · 20 October 2016
Lemonade Restaurant Group said Oct. 19 that Larry Kurzweil has joined as President and CEO effective Dec. 1. The Co-Founders of Lemonade, Alan Jackson and Ian Olsen, will assume the role of Chairman and Chief Culinary Officer and Chief Development Officer, respectively. Kurzweil previously served as President and Chief Operating Officer of Universal Studios Hollywood. Lemonade is backed by Butterfly Equity and KKR.
3 min read · 20 October 2016
Cinven said Oct. 20 that it agreed to sell Avio Space Propulsion to Space2 and Leonardo-Finmeccanica. Financial terms weren’t announced. Avio Space, of Colleferro, Italy, operates space launchers and space propulsion. Cinven, along with Finmeccanica as a minority shareholder, acquired Avio Space in December 2006 from the Carlyle Group for 2.57 billion euros.
6 min read · 20 October 2016
