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.
Dunes Point Capital LP said Aug. 12 that it invested in Vanguard Packaging Inc, Advanced Logistics & Fulfillment LLC, and Great Plains Packaging Inc. Financial terms weren’t announced. Vanguard, of Kansas City, Missouri, designs and makes corrugated displays, retail ready packaging, industrial packaging products and related assembly, logistics and fulfillment services.
2 min read · 12 August 2019
Arcline Investment Management said Aug. 12 that it invested in Actera Ingredients. Financial terms weren’t announced. Actera supplies functional and sensory cosmetics ingredients, including bio-actives for hair and skin care as well as specialty personal care preservatives derived from nature.
2 min read · 12 August 2019
AMS AG made a 3.7 billion euro ($4.1 billion) offer for Osram Licht AG days after a major shareholder rejected a lower offer from Bain Capital and Carlyle Group, Bloomberg reported. News of the offer caused shares of Osram, a German light and sensor maker, to soar, the story said.
1 min read · 12 August 2019
ARX Equity Partners has exited its investment in Anwis Sp. z o.o. Financial terms weren’t announced. Novaco Invest GmbH, a subsidiary of WAREMA Renkhoff SE, is the buyer. Anwis is a Polish manufacturer of internal and external custom-made sun shading systems. ARX said the deal generated an overall 3.3x cash-on-cash return multiple and an IRR of over 30 percent.
3 min read · 12 August 2019
KKR agreed to invest about $794 million in NVC Lighting’s China lighting business. KKR will own 70 percent of NVC China, while NVC Lighting will hold the remaining 30 percent and receive a cash consideration. NVC China is a lighting company in China, that makes, sells and distributes branded lighting products.
5 min read · 12 August 2019
BlackRock said Aug. 11 that it invested $875 million in Authentic Brands Group (ABG). BlackRock will become the largest investor of ABG, a brand development, marketing and entertainment company.
4 min read · 12 August 2019
BNP Paribas Asset Management said Aug. 12 that its latest securitization vehicle, BNPP AM Euro CLO 2019 BV, closed on 407.5 million euros ($456.1 million). The fund invests in a portfolio of syndicated leveraged loans to European corporates.
2 min read · 12 August 2019
Ascensus said Aug. 9 that it acquired Beneco. Financial terms weren’t announced. Alpine Investors was the seller. Beneco, of Scottsdale, Arizona, provides recordkeeping, third-party administration, and benefit plan consulting services.
2 min read · 09 August 2019
iGambit Inc said Aug 9 that it is merging with Clinigence Holdings Inc. Financial terms weren’t announced. The combined company, which will operate under the Clinigence Holdings Inc name, will be a healthcare information technology company. Clinigence has raised $18.81 million in VC funding, PitchBook said.
5 min read · 09 August 2019
Mediacast Holdings said Aug. 9 that raised a second round of capital. Financial terms weren’t announced. Investors include senior executives from large media companies, private equity pioneers and fund managers. Mediacast Holdings, of Denver, owns equity in and manages a portfolio of consumer facing businesses.
2 min read · 09 August 2019
