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.
NightstaRx Ltd said Monday it raised $35 million in a Series B round led by New Enterprise Associates. Syncona, an independent subsidiary of the Wellcome Trust, also contributed to the round. London-based NightstaRx is a biopharmaceutical company that specializes in developing gene therapies for inherited retinal dystrophies.
5 min read · 10 November 2015
York Capital Management has agreed to buy HRI. Financial terms weren’t announced. Goldner Hawn Johnson & Morrison was the seller. Leawood, Kansas-based HRI is a diversified restaurant company focused on polished casual dining and fine dining. Michael Archer, who will become CEO of HRI, is investing in the company. Duff & Phelps advised HRI.
4 min read · 10 November 2015
The Carlyle Group has acquired a 51 percent stake in Tempo Participações for total consideration of R$318 million (US$83.68 million). Tempo provides auto, home and personal assistance services to the insurance, automaker and affinity segments in Brazil.
3 min read · 10 November 2015
Triton Container International Ltd. is merging with TAL International Group Inc. in a stock swap. Triton shareholders will own 55 percent of the equity of the combined company and TAL shareholders have 45 percent. Triton, which operates a container fleet of 2.4 million TEU, is backed by Warburg Pincus LLC and Vestar Capital Partners. TAL International operates a container fleet of 2.4 million TEU. Once the deal closes, Warburg will have about 27 percent of the newly-formed Triton International Ltd. while Vestar will own 15 percent. Wells Fargo Securities advised Triton while BofA Merrill Lynch advised TAL.
10 min read · 10 November 2015
Unified Power Holdings LLC, a portfolio company of Pfingsten Partners LLC, has acquired the UPS Division of LionHeart Power Systems Inc. Financial terms weren't announced. LionHeart provides services and parts for the uninterruptible power market.
2 min read · 10 November 2015
Warburg Pincus has agreed to sell The Mutual Fund Store L.L.C. to Financial Engines for $560 million, including cash and stock. Overland Park, Kansas-based The Mutual Fund store is a registered investment advisor. Warburg will become Financial Engine’s largest stockholder with a roughly 12.5 percent stake once the transaction closes. DBO Partners acted as financial advisor to Financial Engines while JP Morgan advised Warburg.
9 min read · 09 November 2015
Beanstream has been sold to Bambora. Financial terms weren’t announced. Digital River, a Siris Capital portfolio company, was the seller. Beanstream, of Victoria, B.C., provides payment, risk management and authentication solutions to companies and institutions in North America. Buyouts reported news of the sale in May. William Blair advised Beanstream.
2 min read · 09 November 2015
4 min read · 02 November 2015
Drayton Park Capital has invested in The SPOT Experience. Financial terms weren’t announced. The SPOT Experience provides pet care services including dog daycare, transportation, boarding and grooming at three locations in Manhattan and one in Connecticut. The Spot Experience is backed by Mistral Equity Partners.
3 min read · 30 October 2015
Francisco Partners said Thursday it has agreed to sell Aesynt Inc. to Omnicell Inc. for $275 million. Cranberry Township, Pennsylvania-based Aesynt provides a medication management portfolio that aims to reduce cost and improve patient safety. Francisco Partners acquired Aesynt in October 2013.
2 min read · 29 October 2015
