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.
Morgan Stanley Infrastructure said Friday it has agreed to sell Southern Star Central Corp. to GE Energy Financial Services and Caisse de dépôt et placement du Québec. Financial terms weren’t announced. Owensboro, Kentucky-based Southern Star is a natural gas pipeline company.
3 min read · 04 May 2015
Wunderlich Investment Company said Friday that it acquired Fiduciary Financial Services of the Southwest. Financial terms weren’t announced. Dallas-based Fiduciary Financial is an independent investment advisory firm with over $400 million in assets under management. Wunderlich is backed by Altamont Capital Partners.
2 min read · 04 May 2015
Signal Hill Equity Partners said Friday they closed their third fund, and a parallel partnership, with C$142 million (US$116.7 mln) of committed capital. Fund III was oversubscribed and surpassed its target of C$100 million (US$82.2 mln). Toronto-based Signal Hill invests in five verticals: business & consumer services, specialty manufacturing, building products, food and consumer products and resource services.
2 min read · 04 May 2015
Jarrett Turner, who recently launched Soundcore Capital Partners, believes there are “tremendous opportunities” to invest in companies owned by Baby Boomers.
2 min read · 01 May 2015
In Second Opinion, we end your Friday with news that a Baltimore prosecutor is charging police with the murder, manslaughter of Freddie Gray, Spotify raises roughly $350 million in a new round of fundraising and the top 10 law schools most likely to make you a lawyer.
1 min read · 01 May 2015
Catterton has made a “significant” growth investment in Pure Barre. Financial terms weren’t announced. WJ Partners, which invested in 2012, will remain an investor. Pure Barre, a mix of ballet, pilates and resistance training, has over 300 barre fitness studios across 42 states and the District of Columbia. Piper Jaffray & Co. and Stephens Inc. advised Pure Barre.
5 min read · 01 May 2015
Secret Inc. CEO David Byttow said in a post that the app would be shutting down. Secret, of San Francisco, has reportedly raised $35 million in funding, including $25 million in July. “Unfortunately, Secret does not represent the vision I had when starting the company, so I believe it’s the right decision for myself, our investors and our team,” Byttow wrote on Medium. Secret let users exchange messages anonymously; investors included Google Ventures, Kleiner Perkins Caufield & Byers, Index Ventures, Redpoint Ventures and Fuel Capital. Byttow said the company “still has a significant amount of invested capital” and that he believes the “right thing to do is return the money.”
1 min read · 01 May 2015
Baird Capital said Friday that its U.S. private equity group has acquired SloanLed. Financial terms weren’t announced. JZ Partners, Golub Capital and Hexagon Inc. coinvested in the deal. Golub also provided senior financing. Baird Capital is the direct private investment arm of Robert W. Baird & Co. Ventura, California-based SloanLed designs and makes LED lighting solutions.
3 min read · 01 May 2015
Aethon Energy Management LLC and RedBird Capital Partners LLC have together acquired the Moneta Divide assets from Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corp. Financial terms weren’t announced. The Moneta Divide assets include about 188,000 net acres in Wyoming in the Wind River Basin. Capital One Securities Inc. advised Aethon while Evercore advised Redbird.
3 min read · 01 May 2015
Arbor Investments said Friday it sold Gold Standard Baking to Tricor Pacific Capital. Financial terms weren’t announced. Chicago-based Gold Standard makes frozen laminated dough products sold through grocery retailers, foodservice distributors, quick serve restaurant chains, commissaries and convenience stores throughout North America. William Blair advised Arbor.
2 min read · 01 May 2015
