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.
TA Associates said Sept. 19 that it completed a “significant” investment in Radixx International Inc. Financial terms weren’t announced. Orlando-based Radixx provides travel distribution and passenger service system software for airline reservations, distribution and merchandising. Goodwin provided legal counsel services to TA Associates. Seyfarth Shaw served as legal counsel to Radixx.
4 min read · 19 September 2016
Revelstoke Capital Partners said Sept. 19 that Steve Geringer and Greg Steil have joined as Operating Partners. Geringer is the Chairman of AmSurg Corp while Steil is the Founder of ATI Physical Therapy.
3 min read · 19 September 2016
Align Capital Partners LP said Sept. 19 that it closed its inaugural private equity investment fund at its hard cap of $325 million. Align Capital Partners Fund I LP began fundraising in June 2016 with an initial target of $250 million. Fund I will invest in North American-based specialty manufacturing, distribution, and business services companies with less than $10 million of EBITDA. Three longtime Riverside Co buyout executives teamed up to launch Align earlier this year, Buyouts has reported.
3 min read · 19 September 2016
HQ Capital said Sept. 19 that named Georg Wunderlin, former COO and Co-Managing Director, as its new Chief Executive Officer, effective Sept. 1. Wunderlin succeeds Ernest Boles, who has assumed the title of Vice Chairman. Boles will continue to advise HQ Capital on its operations and will remain part of the firm’s Executive Management. Boles succeeds Marcel Giacometti, who will become Senior Advisor for HQ Capital as of Jan. 1, 2017.
2 min read · 19 September 2016
2 min read · 16 September 2016
Hendrik Struik has re-joined Frazier Healthcare Partners as an Operating Partner on the Growth Buyout team. Struik is the former Chief Executive Officer of Laboratory Supply Company, a Frazier portfolio company. He rejoined Frazier after McKesson Corp acquired LABSCO in May.
2 min read · 16 September 2016
Thomas Emmons has joined Pegasus Capital Advisors LP where he will focus on mezzanine capital in the renewable energy and clean infrastructure sectors. Emmons was previously at Rabobank and HSH Nordbank.
2 min read · 16 September 2016
2 min read · 15 September 2016
Perimeter Healthcare, a portfolio company of Ridgemont Equity Partners, has acquired WoodRidge Behavioral Care. Financial terms weren’t announced. The deal includes WoodRidge’s five psychiatric residential treatment facilities and three acute hospital programs serving adolescent and geriatric patients from locations in Tennessee, Arkansas and Missouri. Financing was provided by BMO Sponsor Finance and Pinnacle Bank. McGuireWoods LLP served as legal counsel to Ridgemont. Harpeth Capital and Bone McAllester Norton PLLC served as financial advisor and legal counsel to WoodRidge.
3 min read · 15 September 2016
Morsco Inc, a portfolio company of Advent International, is buying Fortiline Waterworks. CHS Capital LLC is the seller. Advent will make a new "significant" equity investment to support the deal. Fortiline, of Concord, North Carolina, is a wholesale distributor of underground water, sewer and storm utility products in the United States.
4 min read · 15 September 2016
