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.
Advent International is buying Cobham plc for about 4 billion pounds ($5 billion), according to a statement. Cobham, of the U.K., makes electronic warfare systems and communications for military vehicles, Reuters reported.
1 min read · 25 July 2019
4 min read · 24 July 2019
LNK said July 24 that it has exited Dogfish Head Brewery after selling the company to Boston Beer Co. The deal was announced in May. Dogfish’s portfolio of brands include 60 Minute IPA, 90 Minute IPA, Sea Quench Ale and Slightly Mighty. Boston Beer acquired Dogfish for $300 million, according to press reports.
2 min read · 24 July 2019
SouthStar Urgent Care, a portfolio company of Shore Capital Partners, has closed its investment in AHS Walk-In Clinic Inc. Financial terms weren’t announced. AHS Walk-In Clinic, of Youngsville, Louisiana, is a walk-in clinic that treats non-emergency medical needs. SouthStar said it has opened another urgent care clinic after completing the AHS deal.
4 min read · 24 July 2019
Aquiline Capital Partners is buying CoAdvantage. Financial terms were not announced. Morgan Stanley Capital Partners is the seller. CoAdvantage, of Tampa, Florida, provides HR outsourcing for small and medium sized businesses.
4 min read · 24 July 2019
Equistone Partners Europe said July 24 that it agreed to buy Heras from CRH plc. Company management is buying a minority stake in the business. Financial terms weren’t announced. Heras, of Oirschot in the Netherlands, provides mobile and permanent perimeter protection systems and products including fencing systems, manual and automated gates, hostile vehicle mitigation barriers and electronic perimeter detection products.
3 min read · 24 July 2019
Keensight Capital said July 24 that it agreed to buy a majority of Smile. Financial terms weren’t announced. Smile, of Paris, provides digital open-source services, including consultancy, integration and outsourcing.
4 min read · 24 July 2019
WeWork is expected to launch its IPO in September and is targeting a share sale of about $3.5 billion, Bloomberg reported. WeWork, which rents office space to workers, plans to discuss its business with analysts on July 31, the story said.
1 min read · 24 July 2019
CVC is taking another dividend payment of up to 620 million euros ($691.2 million) out of Tipico, Reuters is reporting. The deal brings total shareholder payments to more than 1 billion euros since CVC acquired the German sports betting group in 2016, the story said. CVC will no longer have an equity stake after the current dividend, Reuters said.
1 min read · 24 July 2019
KKR is near a deal to buy Australian biscuit maker Arnott's for upwards of $3 billion, the Sydney Morning Herald is reporting. Arnott’s makes several popular Australian snacks, including Tim Tams, Iced Vovos, Shapes and Wagon Wheels, the story said.
1 min read · 24 July 2019
