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.
The Carlyle Group said Monday that Brian Bernasek, an MD, was named Head of the Global Industrial and Transportation team. Bernasek succeeds Greg Ledford, who will continue as a Carlyle MD on the U.S. Buyout team. Carlyle also said that Stephen Wise, an MD, is joining Karen Bechtel, an MD, as Co-Head of the Global Healthcare team.
2 min read · 23 March 2015
Corsa Technology said Friday it raised $16.5 million Series B round led by Roadmap Capital. Previous investors including Celtic House Venture Partners, BDC Capital and a strategic technology company also participated. Ottawa-based Corsa Technology provides programmable SDN switching technology.
4 min read · 23 March 2015
Centre Lane Partners has sold Shemin Landscape Supply to John Deere Landscapes, a portfolio company of Clayton, Dubilier & Rice. Financial terms weren’t discussed. Danbury, Connecticut-based Shemin Landscape is a distributor and wholesaler of horticultural and landscape products to landscape professionals. Lincoln International advised Centre Lane and Shemin.
2 min read · 23 March 2015
Bret Bolin has joined has joined Technology Crossover Ventures as a venture partner in the firm’s London office. Bolin was previously executive chairman and CEO of Misys.
3 min read · 23 March 2015
Tenet Healthcare Corp. is buying United Surgical Partners International, a portfolio company of Welsh, Carson, Anderson & Stowe, in a joint venture. Terms of the deal, call for Tenet to initially own 50.1 percent. Over the next five years, Tenet will have a path to full ownership through a put/call structure. Tenet said is paying $425 million cash to Welsh Carson and other existing shareholders. In a separate transaction, Tenet is buying Aspen Healthcare from Welsh Carson for approximately $215 million in cash. Aspen Healthcare will not be included in the new joint venture. Welsh Carson acquired Dallas-based USPI, a provider of a short-stay surgical facilities, in 2007. Aspen Healthcare Ltd., of London, operates nine private hospitals and clinics in the United Kingdom.
9 min read · 23 March 2015
The European Loan Programme has provided a 265 million pound (US$395.3 mln) loan to fund KKR’s buy of theTrainline. London-based theTrainline is an online platform to sell rail tickets to consumers. The European Loan Programme is a joint venture between Ares Management and GE Capital. The ELP provides senior debt financing to upper middle market European companies.
3 min read · 23 March 2015
Fullbeauty Brands is paying its third dividend since being sold to Charlesbank Capital Partners and Webster Capitaltwo years ago.
2 min read · 23 March 2015
Targeting a niche market like quilting helped High Road Capital Partners sew up a profitable exit.
3 min read · 23 March 2015
Fullbeauty Brands is paying its third dividend since being sold to Charlesbank Capital Partners and Webster Capital two years ago.
2 min read · 20 March 2015
The Beautiful Meme said Wednesday that Justin Bickle was name its first non-executive Chairman. Bickle is an MD with Oaktree Capital Management and Chairman of the English National Ballet. London-based The Beautiful Meme is a creative ad agency.
2 min read · 19 March 2015
