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.
Arcline Investment Management said July 18 that it agreed to buy the Reciprocating Compression division of Baker Hughes, a GE company. Financial terms weren’t announced. The Reciprocating Compression division makes and services compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines.
2 min read · 18 July 2019
1 min read · 18 July 2019
Curaleaf Holdings Inc said July 17 that it agreed to buy GR Companies Inc, or Grassroots, for about $875 million in cash and stock. Grassroots, of Chicago, grows, processes and sells medical cannabis. In March, the company raised $90 million of VC funding, in the form of convertible debt, from undisclosed investors, PitchBook said.
2 min read · 17 July 2019
Blackstone said July 17 that Gabriel Sod Hoffs has joined Blackstone Alternative Asset Management as a managing director and head of emerging markets and global macro strategy. Sod Hoffs previously worked for Caxton Associates where he was a portfolio manager focusing on emerging markets.
2 min read · 17 July 2019
Orion Business Innovation, a portfolio company of One Equity Partners, said July 17 that it acquired Behavior Design and Cabeus. Financial terms weren’t announced. Behavior Design, of New York, is a user experience strategy and design firm. Cabeus provides digital transformation, regulatory information management, quality management systems, and digital health initiatives for life sciences.
4 min read · 17 July 2019
SKW Funding and Bain Capital Credit LP said July 16 that they have formed a joint venture to target sub- and non-performing notes. The J.V. is seeking $500 million of acquisitions over the next two-and-a-half years. The J.V. has acquired a $27 million portfolio of four non-performing notes secured by 652 garden-style apartment units in San Antonio, Texas.
3 min read · 17 July 2019
TMP Worldwide, a portfolio company of Gemspring Capital, said July 17 that it acquired Perengo. Financial terms weren’t announced. Perengo provides a programmatic recruitment platform that aims to help large companies automate and improve their recruitment process.
2 min read · 17 July 2019
McDermott Will & Emery, a healthcare focused law firm, has acquired Farragut Square Group. Financial terms weren’t announced. Farragut is a healthcare research and advisory firm.
4 min read · 17 July 2019
AE Industrial Partners LP said July 17 that Peter Cannito has joined the firm as an operating partner. Cannito previously served as the CEO of Polaris Alpha.
2 min read · 17 July 2019
Navab Capital Partners, whose founder unexpectedly passed away earlier this month, is winding down, Bloomberg reported. Navab Capital had been targeting $3 billion for its debut fund. Navab was a former KKR executive.
1 min read · 17 July 2019
