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.
More than four years after buying Atkins Nutritionals, Roark Capital is moving forward with plans to sell the company.
2 min read · 17 March 2015
HGGC and Charlesbank Capital Partners said Monday they have agreed to sell Citadel Plastic Holdings to A. Schulman in a deal valued at $800 million. The transaction is expected to close in second quarter. West Chicago, Illinois-based Citadel provides thermoplastic and engineered composite compounds.
4 min read · 16 March 2015
Polaris Private Equity said Monday it made two appointments to its team. Martin Lindh and Thorsten Madsen both joined as investment managers. Lindh previously worked in SEB Private Equity as investment manager, while Madsen was most recently with Implement Consulting Group.
2 min read · 16 March 2015
ARX Equity Partners, along with Joseph Priel, has acquired Diagnosticni Center Bled doo. Financial terms weren’t announced. Diagnosticni Center Bled doo is a private healthcare service provider in Slovenia.
2 min read · 16 March 2015
BetterIt Communications said Monday that Redwood Capital Ventures led a seed round of funding for the company. The round values BetterIt at $3 million, according to a statement. Denver-based BetterIt provides a mobile SAAS platform.
2 min read · 16 March 2015
IdentityMind Global said that it raised a round of financing led by Lakewood & Company. Other investors include Mozido, SBT Capital, Cybernaut and Benhamou Global Ventures. Financial terms weren’t announced. Palo Alto, Calif.-based IdentityMind provides an identity-based platform for e-commerce.
5 min read · 16 March 2015
The Cottonwood Euro Technology Fund said Monday it invested 1.6 million Euros (US$1.69 mln) in Clear Flight Solutions. Enschede, The Netherlands-based Clear Flight has developed robotic birds that are used to control birds at airports, waste management and in agriculture.
3 min read · 16 March 2015
North Castle Partners said Friday it has sold Flatout Inc. to T. Marzetti Company, a subsidiary of Lancaster Colony Corp. The purchase price was $92 million. Other sellers include Glencoe Capital. Saline, Mich.-based Flatout makes and markets a flatbread and flatbread products. Lincoln International advised North Castle.
4 min read · 16 March 2015
Värde Partners, KKR and Deutsche Bank have agreed to buy GE Capital’s Australia and New Zealand consumer lending business for A$8.2 billion (US$6.26 bln). The unit, A partner to many retailers in Australia and New Zealand, provides personal loans, credit cards and interest free retail finance. It has more than 3 million customers. Credit Suisse and Morgan Stanley provided advice to GE, while Bank of America Merrill Lynch, Moelis & Company and Citi advised the consortium.
4 min read · 16 March 2015
TA Associates has invested in YeePay. Financial terms weren’t announced. Beijing-based YeePay is a payment processor. The company processed $77 billion of transactions in 2014.
4 min read · 16 March 2015
