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.
The Jordan Company and Nautic Partners said Monday they have agreed to sell Precision Engineered Products Holdings Inc. to NN Inc. Financial terms weren’t announced. NN, in a separate statement, said it is paying $615 million for Precision Engineered. Attleboro, Massachusetts-based Precision Engineered makes highly engineered precision customized solutions, like reusable and disposable surgical devices, for the medical, electrical, transportation and aerospace end markets. Piper Jaffray & Company and Lincoln International acted as financial advisors to PEP.
4 min read · 17 August 2015
Blackford Capital said Monday that it has acquired Dickinson Press. Financial terms weren’t announced. Grand Rapids, Michigan-based Dickinson is a book manufacturer and printing services provider. New Direction Partners represented Dickinson Press in the sale.
3 min read · 17 August 2015
Kayne Anderson Energy Funds has committed $100 million to Monadnock Resources LLC. Management is also participating. Dallas-based Monadnock is a newly formed independent oil and gas company that will target the acquisition and development of oil and natural gas assets in North America.
3 min read · 17 August 2015
GTCR said Monday that it completed the sale of Cord Blood Registry to AMAG Pharmaceuticals Inc. for $700 million. San Bruno, California-based Cord Blood is the newborn stem cell company. The deal was announced in June. Houlihan Lokey served as CBR’s financial advisor while Deutsche Bank Securities Inc. and Jefferies LLC served as AMAG’s financial advisors.
3 min read · 17 August 2015
Court Square Capital Partners is exiting Erico Global Co again and expects the sale to generate a more than 30 percent IRR, a source said.
2 min read · 17 August 2015
Evolve BioSystems Inc. said Monday it raised $9 million Series A round led by Horizons Ventures. Seed stage investors in the company, including Tate & Lyle Ventures and a number of angel Investors also participated. Davis, California-based Evolve is a microbiotics company.
4 min read · 17 August 2015
Brookfield Asset Management Inc. has completed its buy of GrafTech International Ltd. GrafTech common shares ceased trading on the NYSE on Aug. 17. The deal was announced in May. Independence, Ohio-based GrafTech provides graphite material solutions for customers in sectors such as steel manufacturing, advanced energy applications and latest generation electronics.
5 min read · 17 August 2015
Loyalty Bay said Monday it raised more than $1 million in a late stage seed funding round led by Talis Capital with Howzat Partners, NEON Adventures, Chris Mairs and Richard Verney all participating. London-based Loyalty Bay helps businesses reward and incentivize users for actions like sales, sign-ups and referrals.
3 min read · 17 August 2015
KKR is investing in SoftwareONE and will have a 25 percent minority stake in the company. Financial terms weren’t announced. SoftwareONE's four founding partners, existing shareholders as well as management will retain a 75 percent stake in the company. Stans, Switzerland-based SoftwareONE provides software portfolio management solutions.
4 min read · 17 August 2015
SKF has closed its sale of Canfield Technologies to Gen Cap America for about $23 billion on a cash and debt-free basis. Sayreville, New Jersey-based Canfield makes pastes and preforms for metal joining, used in the electronics, plumbing and jewelry industries.
1 min read · 17 August 2015
