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.
Adveq said Tuesday that it closed two funds. Adveq Specialized Investments, which will seek private equity investments globally, raised 323 million euros ($362.3 million). Adveq Europe Co-Investments, which targets European small buyout opportunities, collected 102 million euros ($114.4 million). Both funds held their final closings in January.
2 min read · 09 February 2016
1 min read · 08 February 2016
New World Angels, along with Florida Angels Network and Florida Funders, recently led a $1.1 million investment in TAO Connect Inc. St. Petersburg, Florida-based TAO Connect provides online mental health treatment.
3 min read · 08 February 2016
The Riverside Company has acquired OCS HR AS. Financial terms weren’t announced. OCS, of Norway, provides HR, crew scheduling and payroll software for the maritime and oil & gas industries. OCS will be combined with portfolio company Mintra Trainingportal AS. Nordea provided financing.
2 min read · 08 February 2016
Forestar Group Inc. said Monday that it has appointed Richard D. Squires of Lennox Capital Partners and Ashton Hudson of Rock Creek Capital to serve as Directors of the company. Kathleen Brown and Charles W. Matthews have resigned from the Board. Both appointments are part of an agreement with Carlson Capital LP and Cove Street Capital LLC. Both Carlson and Cove Street have agreed to vote their shares in favor of the Board’s recommended director nominees and certain other proposals the Board may recommend to stockholders for approval at the 2016 Annual Meeting and abide by other customary standstill provisions through early 2017. Austin-based Forestar Group operates in three business segments: real estate, oil and gas and other natural resources.
5 min read · 08 February 2016
May River Capital has acquired Hunt Valve. Financial terms weren’t announced. Bratenahl Capital is also investing. Salem, Ohio-based Hunt Valve is a fluid power engineering company specializing in severe duty valves and components. Maranon Capital provided mezzanine debt and an equity co-investment. Fifth Third Structured Finance Group provided senior debt financing.
2 min read · 08 February 2016
Silver Lake Partners and Thoma Bravo LLC have completed their buy of SolarWinds Inc for about $4.5 billion. SolarWinds stock has stopped trading on the New York Stock Exchange. Based in Austin, Texas, SolarWinds provides IT infrastructure management software to small businesses, government agencies and educational institutions worldwide. The deal was announced in October.
3 min read · 08 February 2016
Chongqing Casin Enterprise Group (Casin Group) has led an investor group to buy the Chicago Stock Exchange Inc. Financial terms weren’t announced but the deal is reportedly worth less than $100 million. The Casin Group, of Chongqing, China, is a diversified holding company. GCA Savvian Advisors LLC served as financial advisor and Sidley Austin LLP served as legal advisor to CHX. Broadhaven Capital Partners provided financial advice and Orrick, Herrington & Sutcliffe LLP was the attorney for the Casin Group.
2 min read · 08 February 2016
2 min read · 04 February 2016
AUA Private Equity Partners LLC has acquired Raymundos Food Group LLC. Financial terms weren’t announced. Bedford Park, Illinois-based Raymundos makes and markets refrigerated snacks and desserts. McDermott Will & Emery LLP provided legal advice to AUA Equity, and Wintrust Financial Corp provided financing.
3 min read · 04 February 2016
