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.
Sean Murphy has joined Harvest Partners SCF LP, the non-control private equity strategy of Harvest Partners LP, as a Principal. Murphy was most recently an MD with Angelo, Gordon & Co.
2 min read · 11 January 2016
Nautic Partners LLC said Monday it closed its eighth private equity fund at its $900 million hard cap. Nautic invests in three industries: healthcare, industrial products and outsourced services. The private equity firm began fundraising for Nautic Partners VIII in October.
2 min read · 11 January 2016
Cipio Partners said Monday that it sold its portfolio company Cint AB to Nordic Capital. Financial terms weren’t announced. Stockholm-based Cint is a software developer.
2 min read · 11 January 2016
Adveq said Monday that it promoted Farah Buckley, Richard Damming, Matt Ma Chang, Daniel Rhoads, Nico Taverna and Ethan Vogelhut to Executive Director.
3 min read · 11 January 2016
2 min read · 11 January 2016
2 min read · 11 January 2016
Onex Corp. said Sunday that it agreed to sell KraussMaffei Group to China National Chemical Corp. for 925 million euros (US$1 billion). KraussMaffei supplies machinery and systems for producing and processing plastics and rubber. Onex invested 276 million euros in KraussMaffei Group in December 2012. Once the deal closes, Onex will receive about 670 million euros in proceeds; its portion will be 180 million euros, including 12 million euros in carried interest.
3 min read · 11 January 2016
Revere Capital has provided $3.75 million in financing for Technical Ordnance Solutions. Perry, Florida-based Technical Ordnance is a defense manufacturer with in-house training and testing capabilities. Rush Street Capital acted as financial adviser to Technical Ordnance.
2 min read · 08 January 2016
American Capital Ltd. Said Friday that its board of directors has completed the initial phase of its strategic review. The board has authorized American Capital to proceed with its plan to solicit offers to buy the company or its various business lines in whole or in part. Goldman Sachs & Co. and Credit Suisse Securities are advising. American Capital announced in November that it was undertaking a full strategic review of alternatives.
4 min read · 08 January 2016
Accordion Partners has named Hal Polley, a Managing Director, to be the firm’s Corporate and Operational Finance Practice Leader.
1 min read · 08 January 2016
