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 · 06 January 2016
Audax Private Equity said Wednesday that it acquired Source Refrigeration & HVAC Inc from Arsenal Capital Partners. Financial terms weren’t announced. Anaheim, California-based Source provides commercial refrigeration and HVAC services in North America. William Blair & Co and DLA Piper advised Source and Arsenal Capital Partners. Kirkland & Ellis served as counsel to Audax Private Equity.
2 min read · 06 January 2016
Nuveen Investments said Tuesday that it has agreed to buy Incapital’s Unit Investment Trust platform. Financial terms weren’t announced. TIAA-CREF acquired Nuveen from Madison Dearborn Partners in 2014 for $6.5 billion. UPDATE: Wells Fargo Securities LLC advised Nuveen while Grail Partners advised Incapital.
6 min read · 06 January 2016
VMG Partners said Wednesday that it promoted Wayne Wu to Managing Director.
2 min read · 06 January 2016
North Castle Partners has invested Turning Point. Financial terms weren’t announced. New Haven, Connecticut-based Turning Point is an addiction and co-occurring mental health treatment program.
3 min read · 06 January 2016
Career Step, a portfolio company of Revelstoke Capital Partners, has acquired Code3 CME. The deal closed on Jan. 4. Financial terms weren’t announced. Westminster, Colorado-based Code3 CME provides EMT, paramedic and critical care transport training.
4 min read · 06 January 2016
Ivenix Inc said Wednesday that it named Stuart Randle its CEO. Most recently, Randle served as president and chief executive officer of GI Dynamics Inc. Ivenix, a medical technology company, closed on $42 million in financing last year.
4 min read · 06 January 2016
Entertainment Cruises, a portfolio company of Pritzker Group Private Capital, said Wednesday it named Kenneth Svendsen its CEO. Most recently, Svendsen served as president of the Walt Disney Travel Company.
3 min read · 06 January 2016
Monroe Capital LLC said Wednesday that it provided a $27.5 million loan to American Mortgage Consultants Inc to support its buy of JCIII & Associates. AMC, a portfolio company of Five Mile Capital Partners LLC, announced its buy of JCIII in December.
2 min read · 06 January 2016
Soundcore Capital Partners LLC said Wednesday that Alloy Wheel Repair Specialists (AWRS) has completed three add-on acquisitions of AWRS franchises in Atlanta, Baltimore, and Indianapolis. Financial terms weren’t announced. AWRS is a portfolio company of Soundcore Capital.
3 min read · 06 January 2016
