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.
TCC Global said Sept. 15 that it has acquired Summit. Financial terms weren’t announced. Rcapital was a seller. Summit, of London, is an online retailing specialist. Livingstone advised Summit.
3 min read · 15 September 2016
MidOcean Partners and Wasserstein & Co said Sept. 15 that they have agreed to sell Penton to Informa plc for $1.56 billion. The deal includes $1.46 billion of cash (plus adjustments) and $100 million of Informa stock. New York-based Penton is a professional information services company. Kirkland & Ellis LLP served as legal advisor to Penton and MidOcean. Jones Day served as legal advisor to Wasserstein.
3 min read · 15 September 2016
3 min read · 15 September 2016
3 min read · 14 September 2016
Hera Capital and DSG Consumer Partners have invested $5 million Singapore dollars ($3.67 million) in SaladStop! for a minority stake. Singapore-based SaladStop! offers salads, wraps, grain bowls and more.
1 min read · 14 September 2016
TA Associates said Sept. 14 that it has agreed to back a management buyout of Goldman Sachs Asset Management’s Australian asset management arm. Financial terms weren’t announced. TA Associates said it is partnering with the Company’s senior management team. Dion Hershan will be Managing Director of the new standalone entity and continue to lead the Australian Equities investment team, while Katie Hudson will co-lead the Australian Equities team and Roy Keenan who will be Fixed Income Portfolio Manager.
4 min read · 14 September 2016
2 min read · 13 September 2016
GTCR is exploring a sale of its portfolio company, Camp Systems, Bloomberg reported Sept. 12. GTCR is working with UBS to look at options for the company, the story said. Camp Systems, of Merrimack, New Hampshire, provides aircraft-maintenance tracking software; a sale could be valued at as much as $2 billion.
1 min read · 13 September 2016
Point has raised $8.4 million in Series A funding led by Andreessen Horowitz. Other investors include Ribbit Capital and Bloomberg Beta, as well as individual angel investors such as Orogen Group CEO Vikram S. Pandit, Airbnb CFO Laurence Tosi, LendingHome founder/CEO Matt Humphrey and Invitation Home's co-founder Brad Greiwe. Point, of Palo Alto, California, is a financial technology platform that lets homeowners sell a stake of their home to investors in exchange for a lump sum of capital.
1 min read · 13 September 2016
Nautic Partners LLC has acquired Vantage Mobility International. Financial terms weren’t announced. Phoenix-based Vantage Mobility makes wheelchair accessible vehicles, which it sells at mobility dealers across the United States and Canada. Kayne Anderson, Triangle Capital, Goldman Sachs, City National Bank and Amalgamated Bank provided financing. Ally Financial provided a new floorplan facility to support VMI’s chassis acquisitions. Lincoln International acted as financial advisor to the Company.
3 min read · 13 September 2016
