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.
AirMedia Group Inc. said Monday it has agreed to sell a 75 percent stake to Beijing Longde Wenchuang Fund Management Co. Ltd. for RMB2.1 billion in cash consideration. Beijing Longde Wenchuang Fund is the private equity fund founded by Beijing Culture & Technology Financing Guarantee Co. Ltd, an affiliate of Beijing Culture Investment Development Group. AirMedia operates out-of-home advertising platforms in China targeting mid-to-high-end consumers.
10 min read · 15 June 2015
H.I.G. Capital said Monday that it has acquired ATX Networks Corp. Financial terms weren’t announced. Ajax, Ontario-based ATX designs and develops radio frequency and digital video processing equipment used by cable operators, private video networks, A/V integrators, and telecommunication companies.
3 min read · 15 June 2015
JZ Capital Partners Ltd. said Monday that it invested $22 million in K2 Towers. An investor group led by Orangewood Partners also invested in K2, which owns and operates wireless communication towers in the United States and Puerto Rico.
1 min read · 15 June 2015
NMC Health plc has acquired ProVita International Medical Center for $160.6 million. The sellers include TVM Capital Healthcare Partners, the Olayan Group, Al Zarooni Emirates Investment and other minority shareholders. ProVita, of Abu Dhabi, provides long-term medical care in the UAE.
4 min read · 15 June 2015
Family Traveller said Monday it raised a 750,000 pound (US$1.16 mln) round of funding from the Cass Entrepreneurship Fund, the Angel Co-Fund and individual angel investors. Family Traveller, of London, is a print and online media business focused on the family travel market.
4 min read · 15 June 2015
Waterland Private Equity Investments has made a growth capital investment in Intelligent Group. Financial terms weren’t announced. Illigent, of Belgium, provides hosting services.
4 min read · 15 June 2015
The Riverside Company has sold its stake in Emergency Communications Network (ECN) to Veritas Capital. Financial terms weren’t announced. Ormand Beach, Florida-based ECN provides a SaaS-based mass notification solution that allows government and commercial clients to communicate with constituents. William Blair advised on the transaction.
2 min read · 15 June 2015
Private equity M&A slowed down this year while U.S. mergers benefited from several large deals.
2 min read · 15 June 2015
2 min read · 15 June 2015
High deal prices have given private equity firms a bad case of the chills.
2 min read · 12 June 2015
