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.
Cerberus Capital Management said Monday that David Abrams was appointed Senior MD of Cerberus UK Advisors Ltd in its London office. Abrams was previously with Apollo Management, where he founded and was the Managing Partner of the Apollo European Principal Finance Funds franchise.
3 min read · 04 January 2016
Royal Adhesives & Sealants LLC, a portfolio company of American Securities LLC, has acquired Adhesive Systems Inc. Financial terms weren’t announced. Frankfort, Illinois-based ASI develops, makes and markets cyanoacrylate, methyl methacrylate, epoxy and anaerobic adhesives.
3 min read · 04 January 2016
Dexter Axle, a portfolio company of The Sterling Group, said it closed its buy of AL-KO VT. Financial terms weren’t announced. Kötz, Germany-based AL-KO VT designs and makes trailer axles, trailer and caravan components, chassis and motorized chassis.
3 min read · 04 January 2016
Berkshire Partners said Monday that Samantha Adams and Thomas Kuo were named Managing Directors effective Jan. 1.
2 min read · 04 January 2016
Goode Partners LLC has made a minority investment in Incipio. Financial terms weren’t announced. Irvine, California-based Incipio designs and makes mobile device accessories and technology. Wunderlich served as Incipio’s financial advisor and Latham & Watkins LLP acted as its legal advisor for the transaction. Jones Day served as legal advisor to Goode Partners.
3 min read · 04 January 2016
J.S. Held LLC, a Lovell Minnick Partners portfolio company, said Monday it acquired Wakelee Associates LLC. Financial terms weren’t announced. Hackensack, New Jersey-based Wakelee Associates is an 18-person construction and mitigation consulting firm providing cost and time analysis of residential, commercial and industrial property damage, and owner’s representative services to its clients.
3 min read · 04 January 2016
Audax Private Equity has completed the sale of Chesapeake IRB to Linden Capital Partners. Financial terms weren’t announced. Columbia, Md.-based Chesapeake provides independent institutional review board services to pharmaceutical, biotech and medical device companies, universities, academic medical centers, and hospital systems. Goulston & Storrs PC was the attorney for Audax. Houlihan Lokey provided financial advice to Chesapeake and Audax. Kirkland & Ellis LLP served as legal counsel to Linden.
2 min read · 04 January 2016
Vista Equity Partners said Monday it named Kenneth Frank the CEO of the merged MarketLive Inc. and Shopatron. Frank most recently served as COO of Vista portfolio company Aptean. In November, Vista said it acquired and merged MarketLife and Shopatron.
3 min read · 04 January 2016
Stifel Financial Corp. said Monday that it closed its buy of Eaton Partners LLC. Financial terms weren’t announced. Stifel announced in November it would buy Eaton, a placement agent.
2 min read · 04 January 2016
Bain Capital has agreed to buy American Trailer Works from Southlake Equity Group. Financial terms weren’t announced. Southlake, Texas-based American Trailer Works makes and distributes utility and cargo trailers. Bain said it plans to merge American Trailer Works with Big Tex Trailers, which it acquired in December. Goldman Sachs and Barclays provided debt financing. BMO Capital Markets, Goldman Sachs and Barclays acted as financial advisors, Kirkland & Ellis LLP served as legal counsel, and PricewaterhouseCoopers LLP served as accounting advisor to Bain Capital.
3 min read · 04 January 2016
