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.
TCV-backed HireVue goes up for sale; Court Square offers LPs the option to commit to fund with subscription line; Caryle latest to switch to C-corp
2 min read · 10 July 2019
Keystone Partners, a portfolio company of Silver Oak Services Partners LLC, said July 10 that it acquired Kensington International Inc. Financial terms weren’t announced. Kensington, of Chicago, is a career transition and leadership development business.
2 min read · 10 July 2019
CVC Capital Partners is leading a group to buy about 30 percent of GEMS Education, a private school operator. Financial terms weren’t announced. Sellers include Fajr Capital Ltd, Blackstone and Bahrain Mumtalakat Holding Co BSC. The CVC group was expected to pay $1 billion for the stake, Bloomberg reported in June.
5 min read · 10 July 2019
Wind Point Partners said July 10 that it agreed to sell Valicor Environmental Services to Pritzker Private Capital. Financial terms of the deal, which is expected to close in July, weren't announced. Valicor, of Monroe, Ohio, provides non-hazardous wastewater treatment services to more than 5,000 customers throughout North America.
4 min read · 10 July 2019
Dyal Capital Partners plans to issue long-term loans to buyout shops that want money to expand but don’t want to sell a stake in their firms, the Wall Street Journal reported. Dyal has raised about $1 billion for the strategy from a small group of investors and plans to do a few deals before marketing the fund to a wider group of investors, the story said.
1 min read · 10 July 2019
Carlyle Group is planning to announce its conversion to a C-corp when it announces second quarter earnings the week of Aug. 2, Bloomberg reported. Carlyle would be the latest public PE firm to switch to C-corp, a move that is designed to bring in more investors into the stock, the story said.
1 min read · 10 July 2019
Piper Jaffray is near a deal to buy Sandler O'Neill + Partners LP for $485 million in cash and stock, the Wall Street Journal reported July 9. The deal would add Sandler O’Neill’s niche of advising banks to Piper’s broader client base, the story said.
1 min read · 10 July 2019
KKR said July 10 that it agreed to sell a majority stake in the Webhelp group to Groupe Bruxelles Lambert for an enterprise value of 2.4 billion euros ($2.69 billion). Financial terms. Webhelp, of Paris, provides customer experience and business process outsourcing.
4 min read · 10 July 2019
Aspida Financial, which is backed by Ares Management Corp, has agreed to buy Pavonia Life Insurance Co of Michigan and its insurance operations for $75 million cash. Pavonia Life offers life insurance, annuities and reinsurance products and services.
5 min read · 10 July 2019
Abu Dhabi Investment Authority has agreed to buy a 30 percent stake in Domestic & General. CVC Capital Partners will continue as majority shareholder of Domestic & General, an appliance care specialist.
3 min read · 10 July 2019
