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.
Bregal Partners has acquired eight Virginia-based scallop vessels and related shore assets from the Peabody Corp. and formed Blue Harvest Fisheries LLC. Financial terms weren’t announced. TD Bank and Rockland Trust provided senior financing for the acquisition of Peabody’s assets and the formation of Blue Harvest.
3 min read · 27 April 2015
Whitecap Venture Partners said Monday that its third fund raised $70 million in a first close. Whitecap III is seeking $80 million to $100 million, the VC firm said. LPs in the new fund include Kensington Venture Fund, Bank of Montreal (BMO), and several high net-worth families. Whitecap III will invest in Information and Communications Technology, Med Tech and Food Tech sectors.
4 min read · 27 April 2015
Platinum Equity said Monday it has bought Ying Shing Enterprises Ltd. from the company’s founder and President Jian Ying Chen. Financial terms weren’t announced. Chen will retain a minority stake and stay on with the company. Ying Shing Enterprises, of Hong Kong, makes customized precision-engineered plastic injection molded and metal stamping component.
3 min read · 27 April 2015
Capgemini has agreed to buy IGATEfor $4 billion or $48 a share cash. Bridgewater, New Jersey-based IGATE is a technology and services company. Apax Partners invested in IGATE in 2011.
5 min read · 27 April 2015
LBO France said Monday it agreed to sell Worldwide Flight Services to Platinum Equity. Financial terms weren’t announced. Worldwide Flight provides ground handling and technical services at more than 140 major airports in more than 22 countries.
4 min read · 27 April 2015
Care Hospitals Group said Monday it acquired a hospital with 250 beds in Hi Tech City, a suburb of Hyderabad, India. It did not disclose a name of the hospital. Care Hospitals Group, a multispecialty hospital chain in India, is backed by Advent International.
3 min read · 27 April 2015
Des Hague, Centerplate’s former CEO and president, has launched Aegis LLC, which will make investments in startups and other business opportunities. Hague resigned last year from Centerplate after a videotape showed him kicking a dog in his care. Centerplate is a portfolio company of Olympus Partners.
3 min read · 27 April 2015
Some advice for LPs interested in co-investing, including targeting a GP’s 'strike zone.'
2 min read · 26 April 2015
The London Stock Exchange received 20 bids for its asset management unit, Russell Investments, three sources said. Offers for Russell were “very rich” and some neared $1.5 billion, one of the sources said.
2 min read · 24 April 2015
The London Stock Exchange received 20 bids for its asset management unit, Russell Investments, three sources said.
1 min read · 23 April 2015
