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.
Riverside Partners has completed its investment in R&D Altanova. Financial terms weren’t announced. South Plainfield, N.J.-based R&D Altanova supplies interface solutions for the semiconductor industry. Guardian Capital Partners invested in R&D in 2011.
2 min read · 06 April 2015
Blue Star Media, a portfolio company of AUA Private Equity Partners, has acquired VEE Corp. Financial terms weren’t announced. Minneapolis-based Blue Star produces and promotes consumer shows and events. In connection with the acquisition, Vince Egan, VEE Corp.’s founder, is retiring.
4 min read · 06 April 2015
Ventas Inc. said Monday it has agreed to buy Ardent Medical Services Inc. for $1.75 billion in cash. The seller is Welsh, Carson, Anderson & Stowe. Nashville-based Ardent is a provider of health care services and a for-profit hospital company. Ardent Health will be entitled to distribute up to $75 million excess cash to its existing shareholders, Ventas said. UBS Investment Bank is serving as financial advisor to Ventas while Barclays advised Welsh Carson.
10 min read · 06 April 2015
Maverick Real Estate Partners LLC has closed its most recent fund with $25.9 million in commitment. Fund III will make investments from $500,000 to $5 million in loans, mechanics liens, and judgments secured by property located in New York, New Jersey, Connecticut, and Pennsylvania.
2 min read · 06 April 2015
Platinum Equity said Friday it completed its buy of Ten Cate Enbi. Financial terms weren’t announced. The deal was announced in January. Royal Ten Cate was the seller. Enbi is a provider of paper transport, fusing and image transfer rollers for the office equipment market.
2 min read · 06 April 2015
Knight Therapeutics Inc. has committed to invest $10 million in HarbourVest Canada Growth Fund L.P. Knight said the HarbourVest Fund is part of the Government of Canada's Venture Capital Action Plan.
3 min read · 06 April 2015
Lion Capital is out marketing for its fourth fund, a source said.
1 min read · 03 April 2015
Apax Partners has agreed to sell its stake in Banca Farmafactoring S.p.A. to Centerbridge Partners LP. Financial terms weren’t announced. Banca Farmafactoring, of Milan, is a provider of credit management and non-recourse factoring services to suppliers of the Italian and Iberian public sectors.
3 min read · 02 April 2015
The Carlyle Group said Thursday that Peter Clare, an MD, was named Deputy Chief Investment Officer for Corporate Private Equity. Clare joins Kewsong Lee in the investment role. Clare and Lee will report to William Conway, Carlyle’s chief investment officer. Clare is currently the Co-head of the U.S. Buyout group and will maintain those duties in addition to his new role, Carlyle said.
3 min read · 02 April 2015
Actis said Thursday it has sold 15 percent of its stake via the IPO of Edita Food Industries. Actis invested US$ 102 million for a 30 percent stake in Edita in June 2013. Edita, an Egyptian snack food maker, is trading on the Egyptian and London stock exchanges.
3 min read · 02 April 2015
