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.
Kohlberg Kravis Roberts & Co. has completed its $400 million investment in Fujian Sunner Development Co. Fujian Sunner, based in China, is a chicken meat producer.
4 min read · 18 May 2015
BFP Wholesale Ltd., a portfolio company of ZIMT Partners said Monday it named Bill Thurston its CEO. Thurston joins BFP from the Alshaya Group, where he was Vice President of the Food Division.
2 min read · 18 May 2015
Abcodia said Monday it raised 5.25 million pounds (US$8.25 mln) funding co-led by Cambridge Innovation Capital and Scottish Equity Partners . Existing investors Albion Ventures and UCL Business also participated. U.K.-based Abcodia is developing tests for the early detection of cancer.
4 min read · 18 May 2015
The Riverside Company said Monday that portfolio company, Safebuilt, has invested in Independent Inspections Inc. Financial terms weren’t announced. MidCap Financial provided financing. Waukesha, Wisconsin-based Independent Inspections provides outsourced building department services for local governments in Wisconsin, Illinois and Florida.
2 min read · 18 May 2015
Decorist said Friday it raised $4.5 million in funding from investors including Lowe’s Companies Inc., the Women’s Venture Capital Fund and angel investors. The Decorist is an interior design platform that connects users to home design services.
3 min read · 18 May 2015
Audax Group said Friday it acquired TPC Wire & Cable Corp. The seller was Pfingsten Partners. Financial terms weren’t announced. Macedonia, Ohio-based TPC produces high performance, ruggedized wire, cable, and connectors used in harsh industrial applications. BB&T Capital Markets advised TPC Wire & Cable. Madison Capital, CIT Capital, NXT Capital, and PNC Mezzanine provided financing.
2 min read · 17 May 2015
Warburg Pincus has closed its buy of a majority of Sterigenics International. Financial terms weren’t announced. GTCR, which was the seller, will retain a minority. The deal was valued at $2 billion, Reuters News has reported. Deerfield, Illinois-based Sterigenics provides contract sterilization services.
3 min read · 17 May 2015
Palatine Private Equity said Sunday it completed its 13 million pound (US$20.5 mln) buy of The Alchemist. Living Ventures also invested. London-based The Alchemist is a bar and restaurant brand.
2 min read · 17 May 2015
Lawrence “Larry” Adelman, who co-founded AEG Partners in 2000, passed away on May 12 from MDS-related complications. Adelman, who was 69, was an AEG principal and founding partner. He is survived by his wife, Carol, and his children Lisa (Adam) Kaplan, and Ryan (Kassin) Adelman, and four grandchildren, Max, Ella, Sara and Ava. Chicago-based AEG, an investment bank, focuses on middle market companies.
2 min read · 15 May 2015
Many times private equity firms provide an exit for entrepreneurs who don’t have anyone to take over their businesses. But the situation with Mud Pie LLC shows that it’s possible to get your company back from private equity.
2 min read · 15 May 2015
