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.
Dyal Capital Partners has acquired a passive minority stake the controlling company of Chenavari Investment Managers. Chenavari is diversified alternative asset management group focused on credit, structured finance, real estate and private debt strategies. Dyal is the private equity business of Neuberger Berman.
3 min read · 08 October 2015
Black Diamond Capital Management LLC said Wednesday that its latest fund has closed at its $1.5 billion hard cap. BDCM Opportunity Fund IV, L.P. will seek to buy middle-market U.S. and European based companies, typically through a restructuring or reorganization process. Credit Suisse Securities acted as placement agent. Greenwich, Conn.-based Black Diamond is a credit focused alternative asset management firm.
2 min read · 08 October 2015
Lone Star Funds has completed its $7.6 billion buy of Home Properties Inc. Rochester, New York-based Home Properties is a real estate investment trust.
2 min read · 08 October 2015
Genstar Capital said Wednesday that it made a “substantial” investment in PSKW. Financial terms weren’t announced. Bedminster, New Jersey-based PSKW provides patient prescription medication assistance solutions and payment reimbursement services.
2 min read · 08 October 2015
Nick Jordan was named CEO of Finstar Financial Group of Moscow. He joins from Goldman Sachs Group Inc. where he jointly headed the Russian operations.
1 min read · 08 October 2015
Quartet Medicine said Wednesday it raised another $6.25 million, boosting its Series A to a total of $23.25 million. New investors include Remeditex Ventures LLC and two undisclosed Shanghai-based strategic investors. Quartet, of Cambridge, Massachusetts, is a biotechnology company focused on the development of novel treatments for chronic pain and inflammation.
5 min read · 07 October 2015
The Abraaj Group and the Aditya Birla Group are partnering to build a gigawatt scale renewable energy platform focused on developing solar power plants in India. Abraaj and Aditya are both investing in the platform. Financial terms weren't announced.
3 min read · 07 October 2015
Apollo Aviation Group said Wednesday that its third aviation fund raised $833 million, above its $750 million target. Investors of SASOF III include governmental plans, insurance companies, fund of funds, endowments and others. SASOF III will seek to buy acquire mid-life commercial aircraft and engines for lease and / or immediate disassembly and resale of the systems, components and parts.
2 min read · 07 October 2015
Hepalink USA Inc. has acquired Cytovance Biologics Inc., a portfolio company of Great Point Partners, for $205.68 million in cash. Oklahoma City-based Cytovance makes protein and antibody drugs for biotechnology and pharmaceutical companies.
3 min read · 07 October 2015
Peet’s Coffee & Tea has agreed to buy Stumptown Coffee Roasters. Financial terms weren’t announced. TSG Consumer Partners LLC, which owned a majority, was one of the sellers. Portland-based Stumptown operates 10 retail cafes in Portland, Seattle, New York, and Los Angeles, together with roasting facilities in each city.
4 min read · 07 October 2015
