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.
Lexmark Carpet Mills Inc., a portfolio company of H.I.G. Capital, has closed its buy of Northwest Carpet Inc. Financial terms weren’t announced. Dalton, Georgia-based Northwest Carpet makes solution-dyed, broadloom carpet focused exclusively on the hospitality end-market.
3 min read · 01 July 2015
TipTree Financial Inc. said Tuesday it has closed the sale of insurer and administrator Philadelphia Financial Group Inc. to the Blackstone Group. The deal was announced in October. TipTree will received $155 million at close and an additional two payments over the next two years totaling $9 million.
3 min read · 01 July 2015
Bunker Hill Capital said Tuesday it acquired a majority of ASPEQ Heating Group LLC. Financial terms weren’t announced. St. Louis-based ASPEQ makes highly engineered electric-heating and thermal-management technologies.
4 min read · 01 July 2015
Parthenon Capital Partners said Tuesday it has invested in Stratose Inc. via a recapitalization. Existing Stratose shareholders will retain “meaningful” ownership stakes. Financial terms weren’t announced. Atlanta-based Stratose provides healthcare cost containment solutions for medical, dental and workers’ compensation payers, third-party administrators, self-funded entities and risk-bearing providers. Piper Jaffray & Co. advised Stratose.
3 min read · 01 July 2015
Encore Consumer Capital said Tuesday that it has closed its third fund at its $260 million hard cap, more than its $225 million target. San Francisco-based Encore Capital invests in consumer products companies with between $10 million and $100 million of annual revenues.
2 min read · 01 July 2015
RewardStyle said Tuesday that it closed a $15 million Series A round led by Maverick Capital Ventures. Strategic investors including Miroslava Duma, Nasiba Adilova and Veronica Chou also participated. Dallas-based rewardStyle provides an invitation-only monetization platform for fashion, beauty and lifestyle publishers, according to Forbes.
4 min read · 01 July 2015
Arsenal Capital Partners said Tuesday it had acquired Peach State Labs Inc. Financial terms weren’t announced. Rome, Georgia-based Peach State develops specialty polymers and other unique chemicals to a number of end markets, including flooring, textiles, coatings & paints, consumer products, leather, institutional water treatment, and lubricants. CIM Partners acted as financial advisor to Peach State Labs.
3 min read · 01 July 2015
Great Hill Partners has sold All Web Leads to Genstar Capital. Financial terms weren’t announced. Austin-based All Web Leads is a customer acquisition marketing business focused on the U.S. property and casualty, health, and life insurance markets. All Web Leads was advised by GCA Savvian Advisors LLC.
3 min read · 01 July 2015
Chrome River Technologies said Tuesday it raised $100 million from Great Hill Partners. Los Angeles-based Chrome River provides online expense reporting and automated voice processing software. Financial Technology Partners LP and FTP Securities LLC advised Chrome River.
2 min read · 30 June 2015
Boot Barn Holdings Inc., a portfolio company of Freeman Spogli & Co., has closed its previously announced buy of Sheplers Inc. Wichita, Kansas-based Shelpers is a western wear retailer. Wells Fargo Bank, National Association and GCI Capital Markets LLC provided financing.
4 min read · 30 June 2015
