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.
Heartland Consumer Products LLC said Friday that it has closed its buy of the Splenda brand from Johnson & Johnson Consumer Inc. Financial terms weren’t announced. Centerbridge Partners LP is also investing. J.P. Morgan acted as financial advisor to Heartland.
1 min read · 28 September 2015
Aspire Ventures and Yellow Brick Capital Advisers are merging. Financial terms weren’t announced. The new organization will be called Aspire Universal. London-based Yellow Bridge advises high net worth families and individuals. Aspire, of Lancaster, Pennsylvania, backs five to 10 early stage start-ups each year.
3 min read · 24 September 2015
BlackRock and THL Credit have made a follow-on investment in A10 Capital. Financial terms weren’t announced. A10 Capital, of Boise, Idaho, is a middle-market commercial real estate lender.
3 min read · 24 September 2015
Elastimed has raised $1 million in funding, including an investment from Pix Vine Capital. Misgav, Israel-based Elastimed, a portfolio company of Trendlines Medical, is developing a wearable device to treat Chronic Venous Insufficiency and prevent Deep Venous Thrombosis.
3 min read · 24 September 2015
Thomas H. Lee Partners LP said Wednesday that it has acquired a majority stake in Healthcare Staffing Services via a recapitalization. Financial terms weren’t announced. Altaris Capital Partners was the seller. Healthcare Staffing provides healthcare staffing including traveling nurses.
3 min read · 24 September 2015
Sverica Capital Management LLC said Wednesday it sold MC Sign Company to Caltius Capital Management. Financial terms weren’t announced. Mentor, Ohio-based MC provides signage and lighting services to a variety of multi-site industries, including quick serve restaurant, retail, convenience stores, and hospitality. TM Capital advised MC Sign Company and Sverica.
2 min read · 24 September 2015
Energy Spectrum has committed $100 million to Bluewing Midstream LLC. Bluewing’s management team is also investing. Houston-based Bluewing acquires and develops oil and gas terminaling and transportation assets, with an initial focus on the Gulf Coast.
2 min read · 24 September 2015
Lyceum Capital has invested in Coryton Advanced Fuels. Financial terms weren't announced. Oakfield Capital has exited its stake. U.K.-based Coryton develops high performance fuels for the aviation and motorsport industries. Livingstone Partners advised Coryton.
3 min read · 24 September 2015
After a highly-touted auction, Parthenon Capital Partners agrees to buy Millennium Trust Company.
2 min read · 24 September 2015
Carlyle Power Partners, a Carlyle Group investment unit, has closed its sale of Cedar Bay Florida Power & Light Company for $520.5 million. Jacksonville, Florida-based Cedar Bay is a 250 MW coal-fired power plant. Carlyle acquired Cedar Bay as part of its December 2012 acquisition of Cogentrix Energy. Carlyle Power Partners, led by Robert Mancini and Matthew O’Connor, invests in power generation and related assets, primarily in North America.
1 min read · 23 September 2015
