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.
David Yates has joined Siris as an executive partner. Yates most recently served as president of Mastercard’s new payment platforms and executive chairman of VocaLink, a Mastercard company.
2 min read · 15 July 2019
EagleTree Capital said July 15 that it acquired a majority of Invincible Boat Co. Financial terms weren’t announced. Invincible Boat, of Opa Locka, Florida, makes and sells high-performance semi-custom saltwater fishing boats.
3 min read · 15 July 2019
California Public Employees’ Retirement System reported 6.7 percent for its fiscal year ended June 30, falling short of its 7 percent investment target, Bloomberg said July 12, citing preliminary figures. CalPERS results are the first time in three years the pension fund has missed its target, the story said.
1 min read · 15 July 2019
Bosch said July 12 that it plans to sell its packaging machinery business to CVC Capital Partners. Financial terms weren’t announced but Reuters valued the unit at 850 million euros ($957 million).
3 min read · 15 July 2019
WPP Plc agreed to sell 60 percent of Kantar to Bain Capital for $3.1 billion. Kantar is WPP’s global data, research, consulting and analytics business.
8 min read · 15 July 2019
Blackstone Group Inc and Kirbi AS have put Armacell International on the block, Bloomberg reported. Armacell, which makes specialized insulation products used by the International Space Station, could be valued at about 1.5 billion euros ($1.7 billion), the story said.
1 min read · 15 July 2019
2 min read · 12 July 2019
1 min read · 11 July 2019
North Castle Partners has invested in Echelon Fit. Financial terms weren’t announced. Echelon is a home indoor exercise bike with on demand and live classes.
2 min read · 11 July 2019
Three executives formerly with Lariat Partners have launched Fruition Partners. Jay Coughlon, Mac Hampden, and Jason Urband were previously with Lariat. Fruition, of Denver, will consider companies as small as $2 million of earnings as well as larger businesses with greater than $10 million of EBITDA.
2 min read · 11 July 2019
