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.
Comvest Partners said Tuesday that it has completed its buy of D&S Community Services. Financial terms weren’t announced. D&S provides residential and community-based services to individuals with intellectual and developmental disabilities. Cadence Bank, Fifth Third Bank, and Patriot Capital provided financing for the transaction. McDermott Will & Emery served as legal advisor to Comvest.
3 min read · 06 January 2016
Eric Albert has joined XPND Capital as Vice-President, Investments effective immediately. Most recently Albert was Executive Vice President with Stingray Digital Group Inc.
2 min read · 06 January 2016
Rand Capital Corp. said Tuesday that it has agreed to sell its 31.25 percent stake in Gemcor. A separate press release said Ascent Aerospace was the buyer. Rand said it expects to receive gross cash proceeds of approximately $14 million. West Seneca, New York-based Gemcor develops and makes automated fastening systems used by airframe manufacturers.
3 min read · 06 January 2016
GI Partners said Tuesday it completed the acquisition of data center facility located at 11525 Main Street in Broomfield, Colorado. TechCore LLC, a roughly $1 billion discretionary core real estate fund managed by GI Partners on behalf of CalPERS, made the acquisition. TIAA-CREF is currently occupying the property on a long-term basis.
2 min read · 05 January 2016
Degreed said Tuesday that it raised $21 million in a Series B found led by Jump Capital. Signal Peak, Rethink Education, Deborah Quazzo and other existing investors also participated. San Francisco-based Degreed is an edtech company.
2 min read · 05 January 2016
Precision, a portfolio company of Peak Rock Capital, said Tuesday that Hans Van Der Looij has been appointed Regional Manager of Europe, effective immediately. Previously Van Der Looij spent 15 years at SCA Packaging Group of DS Smith most recently serving as MD of Plastics Europe. Markus Raab, who previously served as Precision's Regional Manager of Europe, was promoted to Chief Commercial Officer last year.
2 min read · 05 January 2016
Milestone Environmental Services LLC, a portfolio company of Intervale Capital, said Tuesday it has acquired an oilfield waste facility currently under construction near Smiley, in Gonzalez County, Texas. Financial terms and the seller were not disclosed.
2 min read · 05 January 2016
Argon Medical Devices Inc., a portfolio company of Roundtable Healthcare Partners, has acquired three vascular products from Rex Medical LLC. They include: OptionELITE™ Retrievable Vena Cava Filter, CLEANER™ Rotational Thrombectomy System, and UltraStream™ Chronic Hemodialysis Catheter. Financial terms weren’t announced. The products acquired from Rex aim to deepen Argon Medical’s position in the treatment of venous disease.
3 min read · 05 January 2016
Panasonic Healthcare Holdings Co. Ltd. said Tuesday it closed its buy of Bayer AG’s Diabetes Care business. The deal is valued at 1 billion Euros (US$1.07 billion). The acquired Diabetes Care business will operate as a stand-alone company named Ascensia Diabetes Care, which will develop, make, market and sell blood glucose monitoring meters and strips for people with diabetes in more than 125 countries. Panasonic Healthcare is backed by KKR and Panasonic Corp.
4 min read · 05 January 2016
KKR has agreed to buy Mills Fleet Farm. Financial terms weren’t announced. Mills Street is a retailer of lifestyle merchandise serving suburban and farm consumers. The company has 35 retail stores throughout four Midwestern States: Minnesota, Wisconsin, Iowa and North Dakota.
3 min read · 05 January 2016
