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.
Sequitur Permian LLC, an affiliate of Sequitur Energy Resources LLC, said it acquired the producing properties in the Impossible and Barnyard Fields located in Reagan, Crockett, Irion and Schleicher Counties, Texas. Financial terms weren’t announced. The properties have net current production of approximately 10,000 net Boepd. Sequitur is backed by Acon Investments.
2 min read · 08 August 2016
2 min read · 05 August 2016
Mosaic has raised $220 million in equity financing led by Warburg Pincus. Core Innovation Capital and Obvious Ventures also participated in the round. Oakland, California-based Mosaic provides financing to homeowners to purchase rooftop solar systems. Guggenheim Securities LLC acted as Mosaic’s placement agent in connection with the transaction.
4 min read · 04 August 2016
2 min read · 04 August 2016
Apollo Global Management LLC has acquired AmQuip Crane Rental LLC from Clearlake Capital Group LP. Financial terms weren’t announced. Clearlake acquired AmQuip, which provides rental lifting services to North American energy, industrial and other markets, in October 2014. In connection with the acquisition, Apollo has simultaneously closed the acquisition of Maxim Crane Works LP and plans to combine Maxim Crane with AmQuip. Harris Williams & Co and Oppenheimer & Co Inc served as financial advisors to AmQuip and Clearlake. Stradling Yocca Carlson & Rauth and Cooley LLP served as legal advisors to AmQuip.
4 min read · 04 August 2016
Go-Jek, of Indonesia, has raised more than $550 million in a round of funding from KKR & Co and Warburg Pincus, Bloomberg News reported. Farallon Capital Management and Capital Group Private Markets also participated in the round, the story said. Go-Jek provides motorcycle rides on demand. UPDATE: KKR in an Aug 4 statement, confirmed the more than $550 million fundraise by Go-Jek. Investors include KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets, as well as existing shareholders and other international investors.
1 min read · 04 August 2016
OneAccord Capital said Aug 3 that it has acquired Graphic Label Inc. Financial terms weren’t announced. Yakima, Washington-based Graphic Label provides labeling, lot-code traceability and other services to fruit and produce growers/packers in the greater Pacific Northwest and California.
4 min read · 04 August 2016
Tengram Capital Partners has agreed to buy a majority stake in Algenist skincare brand from TerraVia. TerraVia will retain a 20 percent stake and will receive $20 million at the close of the deal. Algenist, a prestige beauty brand, said it delivers anti-aging and color correcting innovation. Rothschild & Co. provided advisory services to TerraVia.
6 min read · 04 August 2016
2 min read · 03 August 2016
Dyal Capital Partners, a unit of Neuberger Berman Group LLC, has acquired a less than 15 percent stake in H.I.G. Capital, a Neuberger spokesman confirmed. Financial terms weren’t announced but the transaction values H.I.G. at about $4.5 billion, said the Wall Street Journal, which first reported the transaction. H.I.G.’s founders, Sami Mnaymneh and Tony Tamer, both in their 50s, will continue as the firm’s majority owners, the WSJ said. In July, Dyal acquired a minority stake in Silver Lake. Dyal also took a stake in Vista Equity Partners in 2015. UPDATE: H.I.G., in a statement, said it would use proceeds from the transaction to increase investments in its own funds and "to seed and fund a number of growth initiatives."
1 min read · 03 August 2016
