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.
H.I.G. Capital said Wednesday that it invested through an Italian securitization in a portfolio of non-performing loans originated by Group Cassa di Risparmio di Cesena. Financial terms of the deal, which closed Jan. 29, weren’t announced. The portfolio comprises 52 non-performing loans backed by a mixture of residential and commercial real estate, mainly in the regions of Emilia-Romagna and Marche in Northern Italy. The transaction is H.I.G.'s fourteenth real estate investment in Europe since 2013 and its second NPL investment in Italy.
3 min read · 11 February 2015
Platinum Equity said Tuesday that it closed its sale of Fishing Holdings, maker of the Ranger Boats, Stratos and Triton fishing boat brands, to Bass Pro Group LLC. Financial terms weren’t announced. Harris Williams & Co. advised Fishing Holdings.
2 min read · 11 February 2015
PWP Growth Equity has invested in BuildASign.com. Financial terms weren’t announced. Austin-based BuildASign.com is an online custom printed provider of signs and home decor items. Vaquero Capital LLC advised BuildASign.com. PWP is the growth affiliate of Perella Weinberg Partners.
3 min read · 11 February 2015
The Harbor Group has invested in Air Monitor Corp. Financial terms weren’t announced. Santa Rosa, California-based Air Monitor designs and makes differential pressure and thermal mass flow meters, coal flow measurement systems, instrumentation, and related products.
2 min read · 11 February 2015
Thomson Street Capital Partners has acquired Infinity Behavior Health Services. Financial terms of the deal, which closed Jan. 26, weren’t announced. Fort Lauderdale, Florida-based Infinity is a revenue cycle management company (RCM) that services the behavioral health industry.
1 min read · 10 February 2015
Confie Seguros, a portfolio company of ABRY Partners, has acquired Baja Auto Insurance. Financial terms weren’t announced. Dallas-based Baja provides auto insurance.
2 min read · 10 February 2015
Kinderhook Industries said Tuesday it has acquired CSDVRS LLC from M/C Partners, Providence Equity Partners and Communication Service for the Deaf. Financial terms weren’t announced. Clearwater, Florida-based CSDVRS provides VRS services that enable deaf and hard of hearing individuals to communicate with hearing people. GE Capital provided financing for the deal.
3 min read · 10 February 2015
Greenhill & Co. Inc. said Tuesday it has agreed to buy Cogent Partners. Greenhill is buying 100 percent of Cogent for $97.6 million, with about 30 percent payable in the future upon the achievement of agreed revenue targets. Dallas-based Cogent provided financial advice to pension funds, endowments and other institutional investors on the secondary market for alternative assets.
7 min read · 10 February 2015
Borro said Tuesday it has raised $19.5 million in funding led by OurCrowd and Rocket Internet. OurCrowd contributed more than $6 million of the capital raised while Rocket Internet increased its stake in Borro to 10 percent. Existing investors Canaan Partners, Eden Ventures and Augmentum Capital also participated in the round, the statement said. New York-based Borro allows individuals to use luxury assets --including fine art, antiques, jewelry, luxury watches, fine wine, prestige and classic cars -- as collateral for loans. FT Partners provided financial advice to Borro.
4 min read · 10 February 2015
Centerbridge Partners LP has completed its $1.2 billion buy of IPC Systems from Silver Lake Partners. The deal was announced in December. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and Goldman, Sachs & Co. advised IPC, while Barclays and Credit Suisse Securities provided financial advice to Centerbridge.
4 min read · 10 February 2015
