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.
CORA Health Services Inc, a portfolio company of Gryphon Investors, said July 16 it acquired Orthopedic and Sports Therapy Institute (OSTI). Financial terms weren’t announced. OSTI provides orthopedic, sports and industrial rehabilitation.
2 min read · 16 July 2019
Gen II Fund Services LLC has agreed to buy Quilvest Luxembourg Services SA from Quilvest Private Equity. Financial terms weren’t announced. Quilvest Luxembourg Services provides private equity/real estate administration services and support for over $5 billion of assets.
3 min read · 16 July 2019
CRH Plc said July 16 that it agreed to sell its Europe Distribution business to Blackstone for 1.64 billion pounds ($1.9 billion). The deal include CRH’s entire general builders merchants business in Europe, including its sanitary heating and plumbing business.
2 min read · 16 July 2019
TA Associates said July 16 that Elizabeth Qian has joined as a vice president in its Boston office. She will be a member of TA’s North America technology group. Quian previously worked in finance & strategy at Amazon Web Services in Amazon.com’s leadership program, and also was a private equity associate at Riverside Partners.
2 min read · 16 July 2019
AnaCap Financial Partners said July 15 that it sold Ellisphere to Andera Partners, Tikehau Capital and Bpifrance. Financial terms weren’t announced. Ellispher, of France, specializes in data and analytics. The deal will generate a 2.6x money multiple and 52 percent IRR for AnaCap.
2 min read · 16 July 2019
José E. Feliciano has pledged $500,000 to The Toigo Foundation. The donation is a joint gift from the Kwanza Jones & José E. Feliciano SUPERCHARGED Initiative and Clearlake Capital Group. Feliciano is a co-founder of Clearlake Capital Group. Toigo, of Oakland, California, is a non-profit organization that supports the rise of diverse leaders.
3 min read · 15 July 2019
Amperity said July 15 that it raised a $50 million Series C round from Tiger Global Management, Goldman Sachs, Declaration Partners (an investment firm backed by David Rubenstein), Madera Technology Partners, Madrona Venture Group, and investor Lee Fixel. Amperity provides a AI-powered customer data management platform.
3 min read · 15 July 2019
President Donald Trump is considering ousting Commerce Secretary Wilbur Ross after suffering a major defeat on adding a citizenship question to the census, NBC is reporting. White House officials expect the 81-year old Ross to be the next Cabinet secretary to depart, possibly as soon as the summer, the story said.
1 min read · 15 July 2019
Syndigo, a portfolio company of The Jordan Co, said July 15 that it acquired WiseBase. Financial terms weren’t announced. WiseBase is a product content and technology company.
3 min read · 15 July 2019
Drilling Tools International Inc, which is backed by Hicks Equity Partners, has acquired WellFence LLC. Financial terms weren’t announced. WellFence provides a security and credentialing service for the oil and gas industry.
3 min read · 15 July 2019
