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.
Tronair, a portfolio company of Levine Leichtman Capital Partners, has closed its buy of Eagle Industrial Truck Manufacturing LLC (“Eagle Tugs”). Financial terms weren’t announced. Eagle Tugs provides tow tractors and tugs for commercial aviation and military customers. Tronair also completed a recapitalization and will use proceeds to pay a shareholder dividend, acquire Eagle Tugs and provide for ongoing working capital needs. BMO Harris Bank, Bank of Ireland and Madison Capital Funding LLC provided financing.
3 min read · 09 December 2015
2 min read · 08 December 2015
2 min read · 08 December 2015
Metro-Goldwyn-Mayer Studios has invested in Interlude, as part of the company’s $18.2 million round of funding. Warner Music Group and Samsung participated in the round which included returning investors Sequoia Capital, Intel Capital and others. New York-based Interlude provides a form of media in which video can respond to a person’s actions and interests in real-time.
4 min read · 08 December 2015
2 min read · 08 December 2015
The Carlyle Group has acquired Array. TorQuest Partners was the seller. Financial terms weren’t announced. Toronto-based Array provides retail merchandising displays and store fixtures to the prestige cosmetics industry.
3 min read · 08 December 2015
Flour Corp. said Monday that it has agreed to buy Stork Holding B.V. from Arle Capital for $755 million. Stork, of the Netherlands, provides maintenance, modification and asset integrity services for large existing industrial facilities in the oil and gas, chemicals, petrochemicals, industrial and power markets.
5 min read · 07 December 2015
EnLink Midstream Partners LP and EnLink Midstream LLC have agreed to buy Tall Oak Midstream LLC for $1.55 billion. The deal calls for TPG Capital to invest $750 million, a separate statement said. Tall Oak is a midstream company focused on developing and operating crude oil and natural gas gathering, compression, processing, treating, transportation and marketing services to oil and gas producers in the Mid-Continent. Also, Devon Energy Corp. has agreed to acquire Felix Energy LLC for $1.9 billion. Citi provided financial advice to Tall Oak.
6 min read · 07 December 2015
Partners Group has agreed to buy Vermaat Groep B.V. Financial terms weren’t announced. The Vermaat family are the sellers. Vermaat Group provides outsourced catering services to eight end markets including corporates, museums and hospitals in the Netherlands.
3 min read · 07 December 2015
Rigby Private Equity has invested in Zycko Ltd. Financial terms weren’t announced. Cirencester, England-based Zycko is a specialist distributor of IT solutions. Rigby Private Equity is the PE arm of Rigby Group.
3 min read · 07 December 2015
