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.
WOW! Internet, Cable and Phone, which is backed by Avista Capital Partners and Crestview Partners, said Aug 2 that it has acquired NuLink. Halyard Capital was the seller. Newnan, Georgia-based NuLink provides high-speed Internet, digital cable TV, and phone services to over 34,000 homes and businesses. Kirkland & Ellis LLP acted as legal advisor to WOW!, while Waller Capital Partners LLC, Garrett M. Baker Advisors LLC and Locke Lord LLP acted as financial and legal advisors respectively to NuLink.
3 min read · 02 August 2016
The firm, which raised $2.23 billion in 2014, was a backer of LinkedIn, Dollar Shave Club, Genesys and Sitecore
2 min read · 02 August 2016
Chronos Solutinos has acquired UPF Services. Financial terms weren’t announced. Spokane Valley, Washington-based UPF provides services and technology solutions for the real estate and mortgage industries. Sellers include UPF, Lynwood Capital Partners, GMB Mezzanine Capital LP and First Capital Partners LLC.
4 min read · 01 August 2016
2 min read · 01 August 2016
NXP Semiconductors NV said July 29 that the company’s private equity investors have cashed out and no longer own any NXP shares. In 2006, the Blackstone Group, TPG Capital, Carlyle Group and Permira Advisers acquired Freescale for $17.6 billion. They sold Freescale to NXP in 2015. The company’s PE investors, which ended up owning about 18 percent of NXP shares, have liquidated their positions, NXP said.
1 min read · 01 August 2016
Carlyle Group agreed to buy WellDyneRx Inc. Financial terms weren’t announced. Lakeland, Florida-based WelllDyneRx, a pharmacy benefit manager, has a network of retail providers in addition to a mail order and specialty drug pharmacy. WellDyneRx has been expected to sell for $1 billion, according to press reports. J.P. Morgan Securities LLC served as financial advisor and GrayRobinson and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to WellDyneRx, Inc. Latham & Watkins provided legal advice to Carlyle.
3 min read · 01 August 2016
CreditEase, of Beijing, said Aug. 1 that it named Anju Patwardhan a venture partner for its Fintech Investment Fund and Fund of Funds. Patwardhan is a former global Chief Innovation Officer of Standard Chartered Bank.
3 min read · 01 August 2016
Shanghai Giant Network Technology Co Ltd is leading a consortium to buy the social and mobile games business, or Playtika, from Caesars Interactive Entertainment Inc. The deal is valued at $4.4 billion. The consortium includes Yunfeng Capital, the private equity firm of Jack Ma, as well as Giant Investment (HK) Ltd. Caesars Interactive is a subsidiary of Caesars Growth Partners LLC, a joint venture between Caesars Acquisition Company and Caesars Entertainment Corp. Raine Group LLC provided financial advice to Caesars Interactive while Latham & Watkins LLP was their legal advisor. CODE Advisors LLC served as financial advisor and Fenwick & West LLP served as legal advisor to Giant.
6 min read · 01 August 2016
Partners Capital said Aug 1 that it expanded its leadership team to 15 Partners and Managing Directors. The firm also formally separated the roles of Chief Executive Officer and Chief Investment Officer. It named Colin Pan its CIO. Partners Group appointed the following to Partner: Euan Finlay, Brendan Corcoran and Richard Scarinci, who joins in September. The firm said it also promoted David Shushan to Managing Director.
5 min read · 01 August 2016
2 min read · 28 July 2016
