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.
Vestis Retail Group, which is backed by Versa Capital Management, has completed its buy of Sports Chalet. The sale price is reportedly $17 million. Versa said it made a “substantial” equity investment in Vestis and has received $180 million in financing. Founded in 1959, Sport Chalet is a specialty sporting goods retailer operating 50 stores in Arizona, California, Nevada and Utah. Cappello Global/Niagara International Capital provided financial advice to Sport Chalet, while Duff & Phelps provided a fairness opinion.
4 min read · 20 August 2014
After nearly six years, ICV Partners is exiting Marshall Retail Group again.
2 min read · 19 August 2014
In Second Opinion, Steve Ballmer steps down as a Microsoft board member, Uber hires President Barack Obama’s famous campaign manager, the skinny jean trend might be over and Lyft COO Travis VanderZanden has left his job.
1 min read · 19 August 2014
ICV Partners has found a buyer for Marshall Retail Group.
2 min read · 19 August 2014
The TZP Group has sold The Dwyer Group back to The Riverside Company. Financial terms weren’t announced. Waco, Texas-based Dwyer is a holding company of seven franchise businesses focused on residential and commercial services. The companies include Aire Serv, Glass Doctor, The Grounds Guys, Mr. Appliance, Mr. Electric, Mr. Rooter (Drain Doctor in the UK and Portugal), and Rainbow International. In December 2010, The Riverside Company announced it was selling The Dwyer Group to TZP in a deal valued at $150 million.
3 min read · 18 August 2014
Linsalata Capital Partners said Monday that it sold The Home Décor Companies to Nielsen Bainbridge Group, a portfolio company of Kohlberg & Company. Financial terms weren’t announced. Southaven, Miss.-based Home Décor provides decorative home accessories to retailers throughout North America.
2 min read · 18 August 2014
In Second Opinion, how working at Walmart for eight years devastated this woman's family, Twitter shows users tweets that are favorited by those they follow and over one-third of Americans have not saved any money for retirement.
1 min read · 18 August 2014
TPG Capital is selling half of its stake in Advent Software after a year.
2 min read · 15 August 2014
In second opinion, Shake Shack files for an IPO, Uber's app seems to make it safer for more women to break into the taxi industry and why smartphones are getting bigger.
1 min read · 15 August 2014
SQAD, which is backed by Clarion Capital Partners, has acquired Workhorse Software. Financial terms weren’t announced. Evanston, Ill.-based Workhorse develops media planning and plan management tools. Metronome Partners provided financial advice to Workhorse.
3 min read · 15 August 2014
