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.
Palladium Equity Partners provided a $5 million financing facility to portfolio company Capital Contractors Inc. Islandia, New York-based Capital Contractors provides outsourced commercial cleaning and facility management services.
3 min read · 17 May 2016
ESO Capital and Kingsley Capital Partners said May 17 they closed their investment in Janan Meat Ltd. ESO is providing 20.5 million pounds ($29.6 million) in secured debt for the deal. Both ESO and KCP will have an equity stake in Janan Meat. Janan, of the U.K., is a halal lamb and mutton supplier.
3 min read · 17 May 2016
Monroe Capital LLC said May 17 that it provided a $20.3 million senior credit facility to back Source Capital LLC’s buy of a business services company. Monroe did not disclose the name of the target which is based in the Southwest.
2 min read · 17 May 2016
Brynwood Partners said May 17 it sold High Ridge Brands Co to Clayton, Dubilier & Rice in a deal valued at $415 million. Brynwood formed Stamford, Connecticut-based High Ridge in 2010 to buy the Zest brand from Procter & Gamble. William Blair & Company LLC served as the company’s investment banking advisor. Holland & Knight LLP acted as legal advisor. Debevoise & Plimpton LLP acted as legal advisor and BMO Capital Markets acted as financial advisor to Clayton, Dubilier & Rice.
4 min read · 17 May 2016
Quad-C Management said May 17 that it completed its previously announced sale of InterWrap to Owens Corning for $450 million. InterWrap, of Vancouver, British Columbia, makes synthetic roofing underlayment and packaging materials.
3 min read · 17 May 2016
LLR Partners has acquired Learn It Systems. Financial terms weren’t announced. Milestone Partners was the seller. Baltimore, Maryland-based Learn It is a behavioral health and related services company serving children with autism and other special needs. Berkery, Noyes & Co. LLC, led by Jonathan Krieger, advised Learn It Systems.
2 min read · 17 May 2016
DayNine Consulting Inc, which is backed by Pamlico Capital, said May 17 that it closed its buy of Decisif Consulting. Financial term weren’t announced. Decisif provides consulting and outsourcing solutions for Workday Inc customers.
3 min read · 17 May 2016
Spirox Inc, which is backed by KKR, said May 16 that it named Neil Hattangadi, M.D., as its president and chief operating officer. Dr. Hattangadi most recently served as Business Leader, Peripheral Vascular at Royal Philips.
2 min read · 17 May 2016
Healthify said May 17 that close of a $2.5 million seed round led by investors including Primary Venture Partners (PVP), Milestone Venture Partners (MVP), Acumen, Kapor Capital, and Blue Cross and Blue Shield of Kansas. New York-based Healthify is a software company that aims to help health plans and health systems coordinate and manage the social needs of their population. Source: prweb
1 min read · 17 May 2016
To start your morning, Twitter will soon stop counting photos and links as part of its 140-character limit for messages and Warren Buffett's Berkshire Hathaway reveals a more than $1 billion stake in Apple. And that Yellowstone Bison calf that visitors put in their car b/c it was cold? The calf was euthanized after after its herd refused to accept it back.
1 min read · 17 May 2016
