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.
Incline Equity Partners said Tuesday it invested in AFC Holdings. Financial terms weren’t announced. AFC provides supply chain management services and vendor managed inventory programs to original equipment manufacturers. The Pittsburgh private equity firm also said it hired Matt Celin as an associate.
3 min read · 21 April 2015
DunedIn has haired two analysts, Sophie Chambers and Katie Chung, who will both focus on identifying and assessing new investment opportunities. The U.K. mid-market private equity firm also said that it promoted Oliver Bevan to partner and Karan Darroch to finance and operations manager. Chambers was previously an associate at Ennismore Capital while Chung was at PwC where she was a senior associate in the corporate finance team.
2 min read · 21 April 2015
Spirox Inc. said Monday it closed an $18.5 million Series B round of financing led by Venrock and Aisling Capital. Existing investors Aperture Venture Partners, Correlation Ventures and Western Technology Investment also participated in the round. Menlo Park, California-based Spirox is a medical device company focused on developing minimally invasive technologies to treat nasal obstruction.
3 min read · 21 April 2015
B. Riley Financial Inc. said Monday they have formed Great American Capital Partners LLC. Corporate Capital Trust Inc., a business development company advised by CNL Financial Advisors Company and KKR Credit Advisors LLC, provided an anchor investment to Great American Capital. GACP will provide asset-based debt to lower middle market companies.
3 min read · 21 April 2015
Columbia Pacific Advisors LLC said Tuesday it invested in The Glenholme Healthcare Group Ltd. Financial terms weren’t announced. London-based Glenholme is an adult specialist care provider.
3 min read · 21 April 2015
The CapStreet Group said Monday it completed a majority recapitalization of Creative Resource Group Inc. Financial terms weren’t announced. Dayton, Texas-based CRG provides transportation and facility services to clients in the refining and petrochemical industries during maintenance, turnaround and construction activities. Amegy Bank provided financing. IVS Investment Banking served as financial adviser to CRG.
2 min read · 21 April 2015
IDEX Corp. said Monday it agreed to buy Novotema SpA for cash considerations of about 57 million Euros (US $60.9 million). Ardian, which was formerly known AXA Private Equity, was the seller. Villango, Italy-based Novotema designs, makes and sells specialty sealing solutions that are used in the building products, gas control, transportation, industrial and water markets.
2 min read · 21 April 2015
Robert Hays has joined Levine Leichtman Capital Partners as an MD and co-head of investor relations. Most recently, Hays was Director of Investor Relations at H.I.G. Capital for five years.
2 min read · 21 April 2015
Welsh, Carson, Anderson & Stowe has invested in Simeio Solutions. Financial terms weren’t announced. Simeio, with headquarters in Hoboken, New Jersey and Atlanta, provides identity and access management solutions.
3 min read · 21 April 2015
Cirque du Soleil said Monday that TPG Capital is buying a majority holding in the company while Guy Laliberté, Cirque’s founder, will maintain a stake in the business. Fosun Capital Group, owned by Chinese conglomerate Fosun International Ltd., and Caisse de dépôt et placement du Québec will each have a minority. Financial terms weren’t announced but press reports peg the deal at $1.5 billion. Cirque, a theatrical production company, will retain its headquarters in Montréal. Goldman Sachs advised Cirque.
8 min read · 21 April 2015
