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.
EnergySolutions Inc. has sold its Projects, Products and Technology division to WS Atkins plc for $318 million. Energy Capital Partners is the seller. The deal includes EnergySolutions’ North American government, Europe, and Asia businesses and about 650 employees. EnergySolutions will retain its logistics, processing and disposal (“LP&D”) business, its reactor decommissioning business, including current projects at Zion, IL and LaCrosse, WI, and its North American utility services. Morgan Joseph TriArtisan LLC advised EnergySolutions.
3 min read · 17 November 2015
Shore Capital Partners said Tuesday that it has completed the recapitalization of Specialdocs Consultants LLC. Financial terms weren’t announced. Highland Park, Illinois-based Specialdocs provides consulting services to physicians transitioning from traditional medical practices to personalized medicine models, also known as “membership” or “concierge” medicine.
3 min read · 17 November 2015
Sankaty Advisors, the global credit affiliate of Bain Capital, has agreed to buy the management contracts of four CLOs from Regiment Capital Advisors. The management contracts to be transferred are for Cavalry CLO II Ltd., Cavalry CLO III Ltd., Cavalry CLO IV Ltd., and Cavalry CLO V Ltd. The four CLOs total $1.6 billion of assets. Berkshire Capital Securities advised Regiment.
2 min read · 17 November 2015
KKR has invested in Yuehai Feed Group Co. Ltd. Financial terms weren’t announced. Guangdong, China-based Yuehai makes high-end special aquatic feed products, with a primary focus on shrimp feed and seawater fish feed.
4 min read · 17 November 2015
KKR is investing in Avendus Capital. Financial terms weren’t announced. Mumbai-based Avendus is an investment firm.
3 min read · 17 November 2015
KKR said Tuesday it named Marcus Ralling a Director in its Real Estate team. Ralling will be responsible for the asset management of KKR's European real estate portfolio. Ralling was previously at Pramerica, as Managing Director and head of U.K. and European asset management.
2 min read · 17 November 2015
Peak Rock Capital has sold Atlas Paper Holdings Inc. to a subsidiary of Resolute Forest Products Inc. Financial terms weren’t announced. Miami-based Atlas Paper makes tissue products, usuing both virgin and recycled fiber. Moelis & Company advised the Atlas Paper.
3 min read · 17 November 2015
3 min read · 16 November 2015
Intercontinental Exchange (ICE) has agreed to buy Trayport for $650 mllion in ICE common stock. GFI Group is the seller. BGC Partners acquired GFI Group in March. London-based Trayport provides a technology platform to serve brokers for electronic and hybrid trade execution primarily in the European over-the-counter (OTC) utility markets. Goldman, Sachs & Co. advised ICE while Cantor Fitzgerald & Co. advised BGC.
6 min read · 16 November 2015
Confie, which is backed by ABRY Partners, has acquired California Insurance Specialists. Financial terms weren’t announced. Santa Ana, California-based California Insurance provides homeowners and auto insurance.
2 min read · 16 November 2015
