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.
Monroe Capital LLC said Tuesday it provided a $42.5 million loan to support Soundcore Capital Partners LLC’s buy of Alloy Wheel Repair Specialists Inc. Norcross, Georgia-based Alloy is an alloy wheel repair and replacement business.
2 min read · 29 March 2016
Silverfleet Capital has agreed to buy a majority of Coventya from Equistone Partners Europe Ltd. Financial terms weren’t announced. Paris-based Coventya develops, makes and supplies specialty chemicals used for surface treatment. KBC, CIC and Euromezzanine are providing financing. Natexis Partners, Latham & Watkins, Advancy and PricewaterhouseCoopers advised Silverfleet. Equistone received advice from HSBC, Lazard, Linklaters, Estin & Co. and 8 Advisory, while management was advised by Banque Privée 1818 and Scotto & Associés.
3 min read · 29 March 2016
APE Companies, a portfolio company of Ridgemont Equity Partners, has acquired Corrosion Specialties Inc. Financial terms weren’t announced. Duluth, Georgia-based Corrosion Specialties distributes corrosion control equipment and consumable products to the transportation, manufacturing, and energy industries.
2 min read · 29 March 2016
Paul Muhr has joined Finstar Financial Group where he will lead M&A and Capital Markets projects. Muhr was most recently a Vice President at Citi.
2 min read · 29 March 2016
The Wet Seal LLC has named Judd Tirnauer its Executive Vice President and CFO, effective May 1. Tirnauer previously served as Executive Vice President & Chief Financial Officer of Destination Maternity. The Wet Seal, which is owned by Versa Capital, said current Wet Seal CFO, Thomas Hillenbrandt, is leaving to pursue new endeavors.
2 min read · 29 March 2016
To start off your morning, First Read has news that Yahoo has set an April 11 deadline to submit preliminary bids, while the FBI has found a way to hack into the San Bernadino phone and no longer needs Apple's help. Also. Oculus Rift goggles are occasionally brilliant but still very pricey.
1 min read · 29 March 2016
Figtree Financing said Monday it raised $30 million in a Series A round led by LL Funds. San Diego-based Figtree Financing provides financing to accelerate the adoption of environmentally friendly products and services.
3 min read · 29 March 2016
Arsenal Capital Partners said Monday that it made a majority investment in Elite Foam Inc and agreed to buy the foam production assets of Hickory Springs Manufacturing Company (HSM Foam). Financial terms weren’t announced. Newnan, Georgia-based Elite Foam develops and makes specialty foam for the bedding and home furnishings industry. Conover, North Carolina-based HSM Foam produces flexible polyurethane foam for furniture, bedding, medical and packaging market applications. Arsenal, in March, also invested in Pacific Urethanes, a producer of specialty polyurethane foam materials. Arsenal said it is combining Elite Foam, HSM Foam and Pacific Urethanes to form Elite Comfort Solutions, a specialty foam platform with a network of 10 production facilities.
4 min read · 29 March 2016
The Marie-Josée and Henry R. Kravis Foundation have provided a $1.8 million gift to New York University Stern School of Business. The gift will establish The Marie-Josée and Henry R. Kravis Family Scholarship to support high-achieving, low-income students who are admitted to Stern’s Undergraduate College for Fall 2016. Recipients will be known as The Marie-Josée and Henry R. Kravis Scholars.
3 min read · 29 March 2016
2 min read · 28 March 2016
