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.
Henkel & Co KGaA AG (HNKG_p.DE) and Coty Inc (COTY.N), both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter & Gamble Co's (PG.N) beauty businesses worth up to a total of $12 billion, sources told Reuters News.
2 min read · 09 June 2015
American Capital Energy & Infrastructure (ACEI) said Monday it has committed to invest in a Senegal wind power project and wind farm planned in West Africa. The total capital cost of the facility is expected to be 305 million euros (US$344 million). American Capital Energy plans to provide about 75 million euros (US$84.6 mln) of equity. The rest will come from senior and mezzanine lenders, the statement said. The project is a 151.8MW wind farm under development, which will be located in Taiba Ndiaye in Senegal, approximately 75km northwest of Dakar. ACEI is part of American Capital.
5 min read · 09 June 2015
Wynnchurch Capital said Monday that it promoted Chris O’Brien and Ian Kirson to Partner. Rosemont, Illinois-based Wynnchurch is a middle market private equity firm that invests in niche manufacturing, distribution and business service companies.
2 min read · 09 June 2015
Driven Brands, which is backed by Roark Capital, has agreed to buy 1-800-Radiator & A/C. Financial terms weren’t announced. Benicia, California-based 1-800-Radiator & A/C is franchised automotive parts distributor in North America.
3 min read · 09 June 2015
Norwest Equity Partners said Monday it has completed the sale of its majority stake in Wealth Enhancement Group to Lightyear Capital LLC. Financial terms weren’t announced. . The employee-owners of Wealth Enhancement Group will continue hold a stake. Plymouth, Minnesota-based Wealth Enhancement is a wealth management firm.
2 min read · 08 June 2015
Creative Artists Agency said Monday that it acquired two corporate hospitality companies, Beyond Sports & Entertainment and Goviva. Financial terms weren’t announced. Both will join Inside Sports & Entertainment Group, a CAA portfolio group. CAA is backed by TPG.
4 min read · 08 June 2015
Riverside Partners said Wednesday that it has sold its stake in Welocalize Inc. Financial terms weren’t announced. Norwest Equity Partners was the buyer. Welocalize offers translation and localization services for global brands in more than 157 languages. William Blair & Co. advised Welocalize.
3 min read · 04 June 2015
Francisco Partners has made a growth equity investment in ShoreGroup Inc. Financial terms weren’t announced. New York-based ShoreGroup provides software and networking management service solutions to major enterprises, cloud and hosted solution providers, and government agencies. Moelis & Co. advised ShoreGroup while Evercore provided financial advice to Francisco Partners.
3 min read · 04 June 2015
The Carlyle Group said Thursday it completed its buy of Nationwide Accident Repair Services PLC. The deal was announced in April. Nationwide, of the U.K., provides automotive crash repair and accident administration services to the automotive insurance industry. Nationwide has also applied to the London Stock Exchange to delist from AIM.
3 min read · 04 June 2015
White Wolf Capital LLC said Thursday it has invested in Technicut Tool Inc. Financial terms weren’t announced. Technicut, of Windsor, Canada, makes high-precision, machined metal components that are mainly used in the oil & gas industry. Capital Assist Valuation Inc. and NewPoint Capital Partners Inc. provided financial advice to Technicut.
2 min read · 04 June 2015
