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.
Kinderhook Industries LLC said Tuesday that it acquired the operating assets of Collision Diagnostic Services. AES Technologies LLC and Automotive Electronic Solution Providers LLC were the sellers. Financial terms weren’t announced. The acquisition was part of a sale process under Section 363 of the U. S. Bankruptcy Code. Collision Diagnostic provides remote diagnostic solutions and services to the collision industry.
4 min read · 28 July 2015
SAIC Technologies Fund I LLC, the venture capital investment arm of SAIC Motor Corp., has led an investment round for SDCmaterials Inc. Financial terms weren’t announced. Existing investors, including General Motors Ventures, BASF Venture Capital, Volvo Group Venture Capital, Invus Financial Advisors and Emerald Technology Ventures, also participated. Tempe, Arizona-based SDCmaterials develops and commercializes high value advanced catalyst materials.
2 min read · 28 July 2015
The Ireland Strategic Investment Fund along with KKR Credit have launched a 500 million Euro(US$551.6 mln) joint venture. The ISIF is contributing €325 million Euros (US$358.6 mln) towards the joint venture while KKR is providing the remaining 175 million Euros (US$193.1 mln). The J.V., called Activate Capital, will focus exclusively on lending to Irish residential development projects. Robert Gallagher, a KKR Director, will be CEO of Activate while Dan O'Connor will be chairman. O'Connor is the former President and Chief Executive Officer of GE Consumer Finance – Europe.
5 min read · 28 July 2015
Point B Inc. said Tuesday it has named Peter LaSalle VP of Business Development. LaSalle has previously worked at Oracle and PeopleSoft.
2 min read · 28 July 2015
Deliveroo said Tuesday it raised $70 million in a Series C round led by Greenoaks Capital and Index Ventures. Existing investors Accel and Hoxton Ventures also participated. London-based Deliveroo is on-demand delivery service for high-quality restaurant meals.
5 min read · 28 July 2015
New Mountain Capital is exiting SNL Financial after four years. The deal is expected to produce $1.75 billion in total gains for SNL shareholders.
2 min read · 28 July 2015
Cyprium Partners said Monday it made a preferred equity and subordinated debt investment in Weaber Inc. Cyprium’s minority investment supports the acquisition of Weaber by its President and CEO Matthew Weaber. Financial terms weren’t announced. Lebanon, Pennsylvania-based Weaber provides finished hardwood lumber products.
2 min read · 27 July 2015
Medical Properties Trust Inc. has agreed to buy Capella Healthcare Inc. for $900 million cash. GTCR is the seller. Franklin, Tennessee-based Capella owns and/or operates acute care and specialty hospital facilities in six states.
6 min read · 27 July 2015
Peacock Engineering Co., a portfolio company of Charlesbank Capital Partners, said Monday it completed its buy of L&L Foods. CIC Partners was the seller Financial terms weren’t announced. Anaheim, California-based L&L provides high-volume, single-serve/portion-control packages of food products.
3 min read · 27 July 2015
Community Intervention Services Inc., a portfolio company of H.I.G. Growth Partners, has acquired Futures Behavior Therapy Center LLC. Financial terms weren’t announced. Beverly, Massachusetts-based Futures provides treatment and education services for children with ASDs and other developmental disabilities.
3 min read · 27 July 2015
