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.
Syncort, which is backed by Centerbridge Partners LP and Clearlake Capital Group LP, said Aug. 26 that it agreed to buy Pitney Bowes’ software solutions business. Financial terms weren’t announced. Pitney Bowes, in a separate release, valued the sale at $700 million. Atif Azher, Naveed Anwar, Mark Underwood, Usman Arain, and Brittani Frink of Simpson Thacher & Bartlett LLP served as legal counsel to Syncsort.
4 min read · 26 August 2019
2 min read · 26 August 2019
BV Investment Partners said Aug. 26 that it sold Plasco ID to the Barcodes Group. Financial terms weren’t announced. Plasco Id, of Miami and St. Louis Park, Minnesota, is an online lead generation and distribution business.
3 min read · 26 August 2019
David Koch, the billionaire industrialist who was part of Koch Industries, passed away at the age of 79, according to an Aug. 23 post on the Koch Industries website. The post did not detail a cause of death but said Koch had spent years fighting various illnesses.
1 min read · 26 August 2019
Dean Takahashi, second in command at Yale’s $29.4 billion endowment, is stepping down, Bloomberg reported. Takahashi won’t be replaced for now after serving for more than 30 years in the role, the story said.
1 min read · 26 August 2019
RRJ Capital is in advanced discussions to lead a $4 billion investment in Ingram Micro Inc, Bloomberg reported. The investment group led by RRJ will inject funds via an HNA convertible bond that will give it control of Ingram Micro, Reuters reported. HNA Group acquired Ingram Micro in 2016 for $6 billion.
1 min read · 26 August 2019
Nexus Capital Management LP said Aug. 23 that it acquired FTD, an online florist and gift company. The deal was valued at $110.9 million.
3 min read · 26 August 2019
EW Healthcare Partners has invested in Cognate BioServices. Financial terms weren’t announced. Cognate BioServices is a contract development and manufacturing organization.
3 min read · 26 August 2019
Avenue Capital Group said Aug. 23 that it invested more than 250 million euros ($278 million) in Castlehaven Finance. Pollen Street Capital was the seller. Castlehaven is an the Irish development and bridging finance lending platform.
2 min read · 26 August 2019
2 min read · 16 August 2019
