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.
The Carlyle Group said Sunday it had agreed to invest about $120 million in into Shanghai ANE Logistics Ltd. Shanghai-based ANE provides road transportation and delivery services for cargos between 15 kilograms and three tons. Equity for the transaction will come from Carlyle Asia Partners IV.
3 min read · 29 June 2015
High deal prices have given private equity firms a bad case of the chills.
3 min read · 29 June 2015
After nearly 10 years, Southfield Capital Advisors is in the market for its next fund, two sources said.
1 min read · 26 June 2015
ECI Partners has agreed to sell a majority stake of Fourth to Insight Venture Partners. Financial terms weren’t announced. London-based Fourth provides cloud-based (SaaS) cost control solutions to the hospitality industry. Jefferies advised Fourth/ECI Partners.
2 min read · 26 June 2015
Charter Communications Inc (CHTR.O) formally argued for regulatory approval for its TimeWarner Cable Inc (TWC.N) and Bright House Networks deals, saying consumers would benefit as Internet services would become cheaper and faster, Reuters News reported.
2 min read · 26 June 2015
Olympus Partners has sold Pepper Dining to Brinker International. Financial terms weren’t announced. Pepper Dining is a Chili's franchisee that operates 103 restaurants on the East Coast.
2 min read · 26 June 2015
Neuberger Berman said Thursday that it has agreed to buy the private equity fund of funds business of Merrill Lynch Alternative Investments LLC. Key private equity professionals from Merrill Lynch will also be joining Neuberger Berman. The transaction is expected to close in August. Merrill Lynch Alternative Investments LLC is the alternative investment business of Bank of America Corp.
3 min read · 26 June 2015
ABRY Partners has invested in The Hilb Group LLC. Financial terms weren’t announced. BHMS Investments LP is the seller. The current Hilb management team and its employee shareholders will remain significant shareholders alongside ABRY. Richmond, Virginia-based Hilb Group is a middle market insurance agency.
3 min read · 26 June 2015
Matrix Partners has led a $12 million Series A round for PayRange. San Jose, California-based PayRange enables vending machines to accept any form of payment, from credit card to Apple Pay.
5 min read · 26 June 2015
Cathay Capital Private Equity said Friday it had invested in SeaOwl Group. Financial terms weren’t announced. Financial terms weren’t announced. SeaOwl provides technical assistance, facility and ship management services to major oil and gas companies as well as to the French government.
3 min read · 26 June 2015
