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.
Kem One Group SAS has acquired Kem One Innovate Vinyls from The Klesch Group . Financial terms weren’t announced. Paris-based Kem One produces and distributes rigid and flexible end products that used in sectors including automotive, construction, furnishings. OpenGate Capital, along with Alain de Krassny, acquired Kem One Group in January 2014.
4 min read · 31 July 2015
Providence Equity Partners and WPP have agreed to acquire Chime Communications plc for approximately £374 million (US$576.8 mln) in cash. WPP already owns 20.03 percent in Chime and reportedLy plans to keep it stake at that amount, making Providence the majority owner. London-based Chime is a communication and sports marketing group.
6 min read · 31 July 2015
Winding down hasn’t stopped Brazos Private Equity Partners LLP from posting big gains.
2 min read · 31 July 2015
Platte River Equity said Thursday it made a follow-on investment in First River Energy LLC to facilitate its buy of Texas Gathering LLC. Financial temrs weren’t announced. Texas Gathering is a crude oil marketing and logistics company focused on servicing smaller independent oil producers.
2 min read · 30 July 2015
Lazard Ltd. said Thursday that Eric Medow will join the firm as a Managing Director and Co-Head of Global Technology, Media and Telecommunications, Financial Advisory, effective immediately. Medow joins Lazard from Citigroup, where he served as Head of the Global Telecommunications Group since 2011 and as Co-Head of the North American Communications Group since 2005.
2 min read · 30 July 2015
Worley Claims Services, which is backed by Aquiline Capital Partners, said Thursday it has agreed to buy NCA Group Inc. Financial terms weren’t announced. NCA Group provides daily and catastrophe residential and commercial property claims services throughout North America. StoneRidge Advisors LLC acted as financial advisor to NCA.
3 min read · 30 July 2015
Blue Coat Systems Inc., a Bain Capital portfolio company, said Thursday it acquired Perspecsys Inc. Financial terms weren’t announced. Intel Capital, Paladin Capital and Ascent Venture Partners are the sellers. Perspecsys Inc. provides enterprise cloud data protection solutions.
4 min read · 30 July 2015
The Carlyle Group said Thursday that it has invested RMB530 million (approximately US$85 million) in Ubox Technology & Trade Co. Ltd. Ubox, of Beijing, is a vending machine operator in China.
3 min read · 30 July 2015
Thompson Street Capital Partners has acquired Bradley-Morris Inc. from Pine Tree Equity Partners LLC. Financial terms weren’t announced. Kennesaw, Georgia-based Bradley-Morris is a military-focused recruiting firm that matches candidates who are leaving the military with job opportunities with Fortune 1000 employers. News of the deal was announced Farlie Turner & Co. which advised on the transaction.
2 min read · 30 July 2015
Summit Partners said Wednesday it agreed to sell 360T Group to Deutsche Börse AG for total cash consideration of €725 million (US$794.8 mln). Frankfurt-based 360T provides software that helps corporations, banks and other financial firms trade currencies, money-market products and derivatives with each other. Hengeler Mueller and Jefferies LLC advised 360T.
4 min read · 30 July 2015
