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.
Monroe Capital LLC said Tuesday it provided a $25.1 million loan to back Dominus Capital LP’s buy of Complete Nutrition Inc. Omaha-based Complete Nutrition distributes nutritional supplements and is a franchisor of health-focused retail stores with a concentration on providing effective sports nutrition, weight loss management, and general health programs for customers.
2 min read · 22 December 2015
Eletromidia S.A., a portfolio company of H.I.G. Capital LLC, has completed its investments in DMS Publicidade Mídia Interativa Ltda (“DMS”) and Telefónica On The Spot Soluções Digitais Do Brasil Ltda (“TOTS). Financial terms weren’t announced. DMS operates out-of-home advertising in the subway systems of Rio de Janeiro. TOTS also operates out-of-home advertising in the São Paulo subway systems.
3 min read · 22 December 2015
The Abraaj Group said Tuesday that it has partially exited its stake in Unité de fabrication de medicaments (Unimed). Abraaj and Société de Promotion et de Participation pour la Coopération Economique S.A. sold 83 percent of their combined stake in Unimed to a consortium of investors. The investors include SQM, Blakeney Asset Management, the Tunisian-Kuwaiti Consortium of Development and two local investors. Unimedia, of Tunis, Tunisia, is a pharmaceutical company.
4 min read · 22 December 2015
Summit Partners said Tuesday it invested $55 million in Siteimprove A/S for a minority stake. Based in Copenhagen, Denmark and Minneapolis, Siteimprove provides web governance software. Nordic M&A advised Siteimprove.
3 min read · 22 December 2015
CIT Group Inc. said Monday it provided $118 million loan to back Wellspring’s buy of Advo Serv. AdvoServe operates residential group homes and related education programs for the treatment of individuals with acute intellectual and developmental disabilities and severe behavioral challenges.
4 min read · 21 December 2015
Audax Private Equity said Monday it completed the sale of KODA Distribution Group to Azelis Group, which is also owned by Audax. Antwerp, Belgium-based Azelis is a distributor of specialty chemicals. Harris Williams & Co. and William Blair advised KDG. Ropes & Gray, Burns & Levinson, and Stikeman Elliott served as legal counsel to KDG.
2 min read · 21 December 2015
MJ Freeway said Monday it raised $8 million in Series B financing. Investors in the round include Roger McNamee and Tao Capital Partners. Denver-based MJ provides software for cannabis businesses.
3 min read · 21 December 2015
Shoes For Crews, a portfolio company of CCMP Capital, said Monday that Stuart Jenkins was named President, Chief Executive Officer and Chief Innovation Officer effective Jan. 25. Matt Smith, Shoes For Crews’ founder and current CEO, will become Chairman of the Board of Directors, while Stan Smith, founder and current Chairman, will become Chairman Emeritus. Jenkins was previously with Deckers Outdoor Corp. where he most recently served as Senior Vice President, Innovation & Product Development.
4 min read · 21 December 2015
CellSavers said Monday that it raised $3 million in seed funding from Sequoia Israel. Angel investor Robert Antokol (CEO, Playtika) also participated in the round. CellSavers, of San Diego, is an on-demand smartphone repair service provider.
3 min read · 21 December 2015
Grupo Biotoscana SL has acquired Laboratorio LKM S.A. Financial terms weren’t announced. Both Grupo Biotoscana and LKM are backed by Advent International. LKM, of Buenos Aires, is a specialty pharmaceutical manufacturer.
5 min read · 21 December 2015
