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.
Montagu Private Equity said Tuesday it closed its fifth fund at its hard cap of 2.75 billion euros. Montagu Fund V reached a first close on June 30 with 2.2 billion euros. Quest Fund Placement LLP acted as global placement agent while HSBC Trinkaus was the German placing advisor. Proskauer was the legal advisor.
1 min read · 01 September 2015
Victory Park Capital said Tuesday it has agreed to invest up to 230 million euros (US$204.2 mln) in loans originated by Zencap over a three year period. Berlin-based Zencap is an online lending marketplace for small business loans in Continental Europe.
3 min read · 01 September 2015
Arcis Capital Partners said Tuesday that Steven Sorensen has joined the boutique advisory firm as a partner. Previously, Sorensen was International Operations Vice President of Manhattan Regional Center.
2 min read · 01 September 2015
The merger of PQ Corp. and Eco Services Operations LLC, both backed by CCMP Capital, may create a stronger combined company, but the deal may spur a debt refinancing.
3 min read · 01 September 2015
Viteos Fund Services, which provides back office outsourcing for the hedge fund industry, is up for sale, four sources said
1 min read · 01 September 2015
American Renal Associates Holdings Inc. has filed to go public. Beverly, Massachusetts-based American Renal did not disclose the number of shares it would sell or their price range. That will come in future filings. Centerbridge Capital Partners owns nearly 80 percent of American Renal, which provides kidney dialysis services.
2 min read · 31 August 2015
Viteos Fund Services is up for sale and could attract interest from private equity, four sources said.
1 min read · 31 August 2015
CSC said Monday that it has agreed to combine its government services unit with SRA International. Fairfax, Virginia-based SRA is owned by Providence Equity Partners and SRA's founder, Dr. Ernst Volgenau, as well as members of its management team. The combined company will be a IT services provider serving the U.S. government sector, with combined FY15 revenues of about $5.5 billion and nearly 19,000 employees. SRA shareholders, including Providence, Volgenau and members of SRA management, will own 15.32 percent of the combined company and receive $390 million in cash. MUFG, through The Bank of Tokyo-Mitsubishi UFJ, Ltd., and RBC Capital Markets are providing debt financing.
7 min read · 31 August 2015
The merger of PQ Corp and Eco Services Operations LLC, both backed by CCMP Capital, may create a stronger combined company, but the deal may also spur a debt refinancing.
3 min read · 31 August 2015
Strategic Value Partners LLC said Monday it named Flip Huffard to its Advisory Council. Huffard was previously with the Blackstone Group where he was a Senior MD and one of the leaders of the firm’s Restructuring and Reorganization Group.
2 min read · 31 August 2015
