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.
Eagle Private Equity has agreed to provide a $1 million credit line to Bakken Resources, along with a subsequent debt or equity financing of up to $10 million. Helena, Montana-based Bakken Resources is an oil and gas exploration and development company.
3 min read · 10 May 2016
Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, is investing up to $100 million Fractal Analytics. Jersey City, New Jersey-based Fractal, a provider of analytics, is backed by TA Associates.
2 min read · 10 May 2016
Pembroke Resources, which is backed by Denham Capital, said May 9 that it has agreed to buy 87.3 percent of the Olive Downs Complex for total consideration of 120 million Australian dollars ($88.2 million). The sellers are Peabody Energy Inc and CITIC Resources Holdings Ltd. The Olive Downs Complex comprises Olive Downs South (ODS), Willunga, and Olive Downs North (ODN), with rights to four Exploration Permits for Coal and two Mine Leases (both for ODN).
2 min read · 10 May 2016
Brad Critchell has joined Hycroft as a Managing Director. Critchell was most recently a Managing Director at Stanwich Advisors.
2 min read · 10 May 2016
To start your morning, the stunning fall of LendingClub's founder, the second round of bidders in the sale of Yahoo have begun holding all-day meetings with Yahoo's top management and scientists discover that applying a "second skin" can cause wrinkles and eye bags to disappear.
1 min read · 10 May 2016
American & Efird, a portfolio company of KPS Capital Partners LP, has acquired a majority of Vardhman Yarns and Threads Ltd. The seller was its joint venture partner Vardhman Textiles Ltd. Once the deal closes, A&E will own 89 percent of the joint venture while Vardham will have 11 percent. Vardhman Yarns, of India, makes and distributes industrial and consumer sewing thread. McGuireWoods LLP and J.Sagar Associates served as legal counsel to A&E.
4 min read · 09 May 2016
John Caple and David Block have formed Hidden Harbor Capital Partners. Boca Raton, Florida-based Hidden Harbor will make control investments in lower middle market companies with EBITDA of at least $25 million. Block is the former President and CEO of Swiss Watch International and was an Operating Partner of H.I.G. Capital. Caple previously served as Partner at Comvest Partners and was also a strategy consultant at Bain & Company.
4 min read · 09 May 2016
2 min read · 09 May 2016
TPG said May 9 it closed its latest North American- and European-focused private equity fund, TPG Partners VII, at $10.5 billion. Fund VII so far invested $2.1 billion across six companies, including Cirque du Soleil, real estate firm Cushman & Wakefield, educational software company Ellucian, integrated midstream company EnLink, Life Time Fitness, and U.K. retail chain Poundworld.
3 min read · 09 May 2016
DiscountRamps.com, a portfolio company of Rotunda Capital Partners, said May 9 that it has acquired Heavy Duty Ramps LLC. Financial terms weren’t announced. Kewaskum, Wisconsin-based Heavy Duty Ramps creates and distributes ramps, loading systems and other products for use with trucks, trailers, airplanes and many other applications.
3 min read · 09 May 2016
