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.
GTCR said July 30 that it agreed to buy the broadband assets of Eagle Communications. Financial terms weren’t announced. Eagle Communications, of Hays, Kansas, is a broadband services and media company that operates radio stations in Kansas, Nebraska and Missouri, as well as cable TV systems in Kansas, Nebraska and Colorado.
3 min read · 30 July 2019
Apax Digital Fund, the technology-focused growth equity arm of Apax Partners, agreed to buy MetaMetrics. Financial terms weren’t announced. MetaMetrics, based in the Research Triangle in North Carolina, uses predictive analytics and data science to improve educational outcomes.
4 min read · 30 July 2019
Arsenal Capital Partners said July 30 that it acquired Seal For Life Industries LLC for $328 million. Berry Global Group Inc is the seller. Seal For Life’s portfolio of brands offers corrosion protection and sealing solutions.
3 min read · 30 July 2019
WellSet said July 30 that it raised pre-seed funding led by Kelly Noonan Gores and Broadway Angels. Other investors include private equity, and wellness and tech angel investors. Financial terms weren’t announced. WellSet is a booking platform for wellness seekers to discover and book practitioners.
4 min read · 30 July 2019
FFL Partners said July 30 that it completed a majority investment in ALKU. Financial terms weren’t announced. ALKU, of Andover, Massachusetts, provides consulting and staffing services.
3 min read · 30 July 2019
Welsh, Carson, Anderson & Stowe said July 30 that its latest flagship closed at its hard cap of $4.3 billion, exceeding its $3.5 billion target. Limited partners' capital totaled $4 billion, while the WCAS GPs and affiliated entities committed approximately $300 million. WCAS XIII LP will invest in healthcare and technology companies, mainly in the U.S.
4 min read · 30 July 2019
Potomac Equity Partners LLC said July 30 that it acquired Laser MD Medspa and SculptMe. Financial terms weren’t announced. Laser MD Medspa is a medical spa services company. SculptMe provides the fat reduction treatment CoolSculpting.
3 min read · 30 July 2019
Longfellow Real Estate Partners said July 29 that it acquired Palo Alto Technology Center from KBS for $205 million. PATC’s ten buildings total 259,586 square feet.
4 min read · 30 July 2019
AllTrails, a portfolio company of Spectrum Equity has acquired GPSies. Financial terms weren’t announced. GPSies, of Germany, is an outdoor recreation platform.
2 min read · 30 July 2019
Sphera, a Genstar Capital portfolio company, has agreed to buy thinkstep. Financial terms weren’t announced. Thinkstep, of Stuttgart, Germany, provides software and consulting services company that specializes in corporate sustainability and product tewardship. Thinkstep raised about $31 million in VC funding from investors including Next47 and Gimv, according to PitchBook.
3 min read · 30 July 2019
