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.
Monroe Capital LLC said Oct. 13 that it closed its second private credit fund with $800 million of LP commitments, surpassing its target of $600 million. Monroe Capital Private Credit Fund II LP will have about $1.5 billion of total investable capital when combined with its target fund leverage. The pool will invest in private credit transactions originated and underwritten by Monroe.
3 min read · 13 October 2016
Aditazz said Oct. 12 that it raised a Series B round of funding led by RNT Capital. Financial terms weren't announced. Existing investor Artiman Ventures also participated. Aditazz, of Brisbane, California, provides a software platform for the design, engineering, and construction industry which aims to reduce costs, compress timeframes, and achieve strategic project goals.
1 min read · 12 October 2016
General Atlantic and ProSiebensat.1 Group have each acquired a 42 percent stake in KäuferPortal. Financial terms weren’t announced. Berlin-based KäuferPortal helps consumers obtain and compare offers from regional companies before making a major purchase.
4 min read · 12 October 2016
General Atlantic has invested in Joe & the Juice. Financial terms weren’t announced. GA will be a minority shareholder and joins existing investor Valedo Partners. Joe & the Juice, of Copehagen, is an urban juice bar and coffee concept that offers juices, shakes, coffee, and sandwiches.
4 min read · 12 October 2016
Clearlake Capital Group LP has recapitalized Light Tower Rentals Inc. Financial terms weren’t announced. Management and other existing stakeholders took part in the deal. Odessa, Texas-based Light Tower is a diversified specialty equipment rental company focused on oil and gas operations in the Permian Basin.
4 min read · 11 October 2016
Palladium Equity Partners LLC said Oct. 11 that it made a “significant” investment in Del Real Foods. Financial terms weren’t announced. Del Real is a Hispanic refrigerated foods company. Lazard Middle Market served as financial advisor to Del Real Foods on the transaction. Skadden, Arps, Slate, Meagher & Flom LLP was the company’s legal advisor. Simpson Thacher & Bartlett LLP was the legal advisor for Palladium.
3 min read · 11 October 2016
H.I.G. Realty Partners, the real estate platform of H.I.G. Capital, has acquired Charter Court Apartments. Financial terms weren’t announced. Charter Court is a 500-unit apartment complex located in Philadelphia.
3 min read · 11 October 2016
Seacoast Capital said Oct. 11 that Tom Ley has joined as Principal to the firm’s investment team. Previously, Ley led the West Coast offices of Lincolnshire Management, H.I.G. Capital and Guggenheim Partners.
2 min read · 11 October 2016
Navya said Oct. 11 that it raised 30 million euros ($33.25 million) in funding. Investors include Robolution Capital, CapDecisif Management and Gravitation. New investors include French transportation group Keolis, automotive supplier Valeo and Qatar-based holding Group8. Navya, of Lyon, Paris, develops driverless, automated electric vehicles.
5 min read · 11 October 2016
2 min read · 10 October 2016
