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.
KKR is buying a majority of Deutsche Glasfaser. Reggeborgh is the seller. In a partnership, KKR and Reggeborgh are investing about 450 million Euros (US$487.6 mln) in the roll-out of DG. Borken, Germany-based Deutsche Glasfaser plans, constructs, and operates fibre-optic networks in that country.
4 min read · 20 July 2015
JBT Corp. said Friday that it has agreed to buy Stork Food & Dairy Systems B.V. for 47 million euros (US$51.18 mln) before customary post-closing adjustments. Nimbus is the seller. Amsterdam-based Stork Food develops, produces and supplies integrated aseptic processing / sterilization and filling systems to the beverage and food processing industries.
3 min read · 20 July 2015
Restaurants Unlimited Inc. said Friday that Jim Eschweiler was named President and CEO. Eschweiler joined Restaurants Unlimited in April 2014 as CFO. Restaurants Unlimited, a portfolio company of Sun Capital Partners, is a Seattle-based restaurant group.
3 min read · 20 July 2015
Alliance Consumer Growth along with Danny Meyer's Union Square Hospitality Group, have acquired a minority stake in Tender Greens. Financial terms weren’t announced. Tender Greens is a farm-to-fork casual restaurant chain with 22 locations across California.
4 min read · 16 July 2015
Stericycle Inc. said Wednesday it has agreed to buy Shred-It International for $2.3 billion cash. Shred-It is backed by Birch Hill Equity Partners and Cintas Corp. Shred-It is an information security company providing information destruction services. Bank of America Merrill Lynch and Goldman, Sachs & Co. advised Stericycle.
5 min read · 16 July 2015
Spireon, a portfolio company of Bertram Capital, said Wednesday that it acquired Inilex. Financial terms weren’t announced. Phoenix-based Inilex provides GPS recovery software solutions.
3 min read · 16 July 2015
Infigen Energy said Wednesday that it has agreed to sell its US wind business to Primary Wind Power, a portfolio company of ArcLight Capital Partners LLC, for about $272.5 million. Infigen's US wind business comprises Class B equity interests in 18 US wind farms. The deal is expected to close by October.
3 min read · 16 July 2015
Alere Inc. said Thursday that it has agreed to sell its BBI business to Exponent Private Equity LLP for approximately $164 million, including $47 million in contingent consideration. Alere also said that it has acquired US Diagnostics for $60 million cash. BBI provides products and services for the diagnostic, healthcare, research, defense and food industries. Huntsville, Alabama based US Diagnostics offers drug testing devices.
3 min read · 16 July 2015
Flipagram said Thursday that it has raised a $70 million round of financing led by Sequoia. Kleiner Perkins Caufield & Byers and Index Ventures joined in the round. Michael Moritz, chairman of Sequoia, and John Doerr, general partner at Kleiner Perkins Caufield & Byers, have joined Flipagram’s board. Flipagram is an app that lets users make highly social, short video stories.
5 min read · 16 July 2015
Pamlico Capital has made a growth investment in Service Express Inc. Financial terms weren’t announced. Grand Rapids, Michigan-based Service Express provides third party maintenance services for data center infrastructure focused on server and storage equipment. Ernst & Young Capital Advisors LLC advised Service Express.
3 min read · 16 July 2015
