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.
NTT will buy nearly 87 percent of e-shelter from ABRY Partners and Investa Holdings GmbH. Financial terms weren’t announced. Investa will retain a significant holding. Frankfurt, Germany-based e-shelter designs and runs data centers in that country.
4 min read · 03 March 2015
Revelstoke Capital Partners closed its sale of Accelecare Wound Centers Inc. to Healogics Inc., which is backed by Clayton Dubilier & Rice. Financial terms weren’t announced. Bellevue, Washington-based Accelecare is a wound care and disease management company. RBC Capital Markets advised Accelecare.
3 min read · 03 March 2015
Levine Leichtman Capital Partners said Monday it closed the sale of Dexter Magnetic Technologies to Robert Family Holdings Inc. Financial terms weren’t announced. Elk Grove Village, Illinois-based Dexter designs, makes and provides highly-engineered magnetic solutions. Lazard Middle Market LLC advised Dexter.
2 min read · 03 March 2015
Platinum Equity said Tuesday that its sale of Neovia Logistics to Goldman Sachs and Rhône Capital L.L.C has been completed. Financial terms of the transaction were not disclosed. Neovia Logistics provides spare parts logistics, warehouse management and fulfillment services and distribution solutions. Macquarie Capital and UBS served as financial advisors to Platinum Equity while Goldman Sachs and Deutsche Bank Securities advised the buyers.
2 min read · 03 March 2015
Global Logistic Properties Limited said Friday it completed its buy of IndCor Properties for $8.1 billion. GLP said it holds a 55 percent stake initially and expects to reduce it to about 10% by August. The portfolio comprises 117 million square feet (11 million square meters) of high quality logistics properties with a diverse customer base. The platform is formerly known as IndCor Properties, a portfolio company wholly owned by Blackstone, and will be rebranded to and managed by GLP.
2 min read · 02 March 2015
Owen Sullivan has joined Baird Capital as an Operating Partner. He will work with Baird Capital technology & services to find new opportunities. Sullivan most recently served as President of Specialty Brands for ManpowerGroup.
2 min read · 02 March 2015
GMT Communications Partners said Monday that Natalie Tydeman was promoted to Senior Partner, Vikram Krishna to Partner and Francois Stoessel to Principle. The changes were effective as of January.
2 min read · 02 March 2015
Cressey & Company LP has acquired a majority stake in Dental Services Group. DSG CEO Buddy Pickle and his management team will maintain ownership positions in the company and remain in their current positions. Financial terms weren’t announced. Minneapolis-based Dental Services Group is a network of over 40 dental laboratories in the United States, with offshore partnerships in Asia that offers fixed, removable, implant, orthodontics and sleep dentistry products and services.
3 min read · 02 March 2015
Advent International said Monday that Jeremy Rabe has joined as an operating partner while Livia Masnaghetti was named an industry advisor. They will work with Advent’s global retail and business and financial services teams to identify and assess investment opportunities in the loyalty and marketing services industries worldwide. Rabe most recently served as CEO of Premier Loyalty & Marketing while Masnaghetti was special advisor to Aeroplan on its initial public offering and spinoff from Air Canada.
2 min read · 02 March 2015
Cyprium Partners said Monday it has sold Atis Group to Fonds de solidarite FTQ, Capital regional et cooperative Desjardins, and Fondaction CSN. Financial terms weren’t announced. Lonqueuil, Quebec-based Atis makes and distributes windows and doors in Canada.
2 min read · 02 March 2015
