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.
2 min read · 29 January 2016
Sinclair Broadcast Group Inc. has agreed to buy the Tennis Channel for $350 million. The deal is expected to close in first quarter. Sellers include Apollo Partners, Bain Capital Ventures, Battery Ventures, CCMP Capital and Columbia Capital. LionTree Advisors and Evolution Media Capital advised the tennis channel.
7 min read · 28 January 2016
Sentinel Capital Partners said Thursday it acquired Marketplace Events. Financial terms weren’t announced. Solon, Ohio-based Marketplace Events organizes and operates consumer shows targeting the home improvement and enthusiast market including remodeling, home décor, and gardening.
3 min read · 28 January 2016
US Farathane Corp, a portfolio company of The Gores Group, has acquired Boston Plastics. Financial terms weren’t announced. Baird Capital is the seller. Shanghai-based Boston Plastics makes plastic injected molded components and assemblies for the automotive, industrial, and consumer end-markets.
3 min read · 28 January 2016
Loar Group Inc, a portfolio company of JLL Partners, has acquired General Ecology Inc. Financial terms weren’t announced. Exton, Pennsylvania-based General Ecology develops and produces water purification and micro-filtration systems for commercial and business aircraft under the Versa-Pure® brand as well as the worldwide residential, restaurant, portable, marine and recreational vehicle markets under the Seagull® and First Need® brands. BlackArch Partners advised General Ecology.
3 min read · 28 January 2016
Air Energi Group Ltd and Swift Worldwide Resources Ltd have merged to form Airswift Holdings Ltd. Financial terms weren’t announced. Airswift Holdings is a recruiter for the energy, process and infrastructure industries. Air Energi was backed by LGV Capital while Wellspring Capital Management owned Swift Worldwide Resource. Peter Searle, former chief executive of Adecco in the UK and Ireland, will be the CEO of Airswift.
3 min read · 28 January 2016
Corstone said Thursday it closed eleventh fund at 150 billion KRW (US$124.5 Million). Investors of Corstone Growth Strategy M&A Private Equity Fund include the Growth Ladder Fund managed by the Korea Development Bank; the Korean Teacher’s Pension Fund; and Corstone Capital. The fund will make M&A and growth equity investments in small to mid-sized companies domiciled in South Korea.
2 min read · 28 January 2016
NewVoiceMedia said Thursday that it raised $30 million a new funding round led by new investor BGF Ventures. Existing investors Bessemer Venture Partners (BVP), Eden Ventures, Highland Capital Partners Europe, Salesforce Ventures and Technology Crossover Ventures also participated. London-based NewVoice Media provides a cloud customer contact platform.
4 min read · 28 January 2016
KKR said Thursday that Masan Group Corp has bought its remaining stake in Masan Consumer Corp, a branded food and beverage company in Vietnam. Financial terms weren’t announced. KKR said invested $159 million in Masan Consumer in 2011 and then another $200 million in 2013.
3 min read · 28 January 2016
3 min read · 27 January 2016
