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.
GTCR has completed the sale of AssuredPartners Inc. to Apax Partners. Lake Mary, Florida-based AssuredPartners acquires and invests in insurance brokerage businesses across the U.S. and in London.
2 min read · 27 October 2015
H.I.G. WhiteHorse, a credit affiliate of H.I.G. Capital, said Tuesday it arranged a 35 million euro (US$38.7 million) loan for Suitsupply. Amsterdam-based Suitsupply is a men’s clothing retailer.
3 min read · 27 October 2015
Canada Pension Plan Investment Board said Tuesday it has opened an office in Mumbai to focus on investment opportunities across the Indian subcontinent.
3 min read · 27 October 2015
Canada Pension Plan Investment Board and BC Partners, along with co-investors, have agreed to invest about 30 percent of the equity in Altice’s $17.7 billion agreement for Cablevision Systems Corp. CPPIB and BC Partners are exercising their option to participate in the Cablevision deal as part of their agreement to sell to sell a majority of Suddenlink to Altice, announced in May, for $9.1 billion. CPPIB and BC Partners will each fund 12 percent of the Cablevision acquisition, about $400 million each, with the balance funded by co-investors. The transaction is expected to close in the first half of 2016.
3 min read · 27 October 2015
Stoic Holdings has acquired a majority of Store It Cold. Financial terms weren’t announced. Store It Cold makes CoolBot™, a patented device that enables users to create cold storage solutions using standard home air conditioners.
2 min read · 26 October 2015
Teneo Holdings said Monday that it buying Pendomer Communications. Financial terms weren’t announced. London-based Pendomer is a financial and corporate communications firm. BC Partners owns a minority stake of Teneo.
3 min read · 26 October 2015
Bunker Hill Capital said Monday that it sold SunBrite Holding Corp. to SnapAV. Financial terms weren’t announced. Thousand Oaks, California-based SunBrite designs, makes and supplies all-weather outdoor televisions, outdoor digital displays and related accessories.
3 min read · 26 October 2015
Audax Private Equity has acquired California Products Corp. Financial terms weren’t announced. Delos Capital was the seller. Andover, Massachusetts-based California Products provides architectural interior and exterior paints and stains, tennis court and other sports surfaces coatings systems, and mold and abatement remediation coatings.
3 min read · 26 October 2015
United Sports Brands, a portfolio company of Bregal Partners, has acquired NATHAN Sports. Financial terms weren’t announced. Sharon Hill, Philadelphia-based NATHAN provides athletic hydration, visibility and performance gear. NATHAN’s principal owner and chairman, Jon Reichlin, will continue as an investor in United Sports Brands and remain a contributor to the NATHAN brand. D.A. Davidson & Co. advised Nathan.
3 min read · 26 October 2015
Investissement Quebec is investing $10 million in XPNDCROISSANCE Fund bringing the pool’s total capitalization to $37 million. XPNDCROISSANCE will invest in Quebec-based businesses in sectors such as sustainable transportation, innovative industries, technologies, media and entertainment.
2 min read · 26 October 2015
