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.
The Blackstone Group and Goldman Sachs Merchant Banking closed their nearly $1 billion acquisition of Ipreo Holdings last week, kicking in roughly 50 percent equity into the deal.
3 min read · 15 August 2014
The Blackstone Group and Goldman Sachs Merchant Banking closed their nearly $1 billion acquisition of Ipreo Holdings in early August, kicking in roughly 50 percent equity into the deal.
3 min read · 14 August 2014
In Second Opinion, women are better than men at raising money with Kickstarter, Uber drivers are still in operation in Berlin despite being banned and Apple is planning a more expensive iPhone that has a sapphire screen.
1 min read · 14 August 2014
Aqua Terra Water Management, which is backed by Bregal Partners, acquired two saltwater disposal facilities operated by Borejaks Energy Services. Financial terms weren’t announced. The acquired facilities are located in the heart of the Bakken shale in the McKenzie and Dunn counties of North Dakota. Johnson Rice & Company served as the financial advisor to Aqua Terra. Deerpath Capital Management provided financing.
3 min read · 14 August 2014
Odyssey Investment Partners said Wednesday that it had agreed to sell Ranpak Holdings to Rhone Capital. Financial terms weren’t announced. The deal is expected to close in third quarter. Concord Township, Ohio Ranpak makes paper packaging products that protect and cushion items during shipping.
2 min read · 13 August 2014
In Second Opinion, animal rights protests plus negative publicity cause Seaworld's shares to tank, Amazon unveils $10 credit-card reader and a study finds that running more than 4 miles a day could be bad for you.
1 min read · 13 August 2014
Insight Equity said Wednesday that it hired five new team members, including a new investor relations head, and made two internal promotions.
1 min read · 13 August 2014
California State Teachers’ Retirement System said Tuesday it promoted Lisa Blatnick to Chief of Administrative Services. The position was effective Aug. 1, according to a statement. As Chief of Administrative Services, Blatnick will oversee the strategic direction, policy development and management of the Administrative Services Branch.
2 min read · 12 August 2014
Graham Partners said Tuesday it closed the combined sale of Strata Products Worldwide and Strata Proximity Systems. Financial terms weren’t announced. Strata Products provides safety products and services to the mining industry. Strata Proximity makes proximity detection and collision avoidance systems for mining applications. Graham did not disclose the buyer.
2 min read · 12 August 2014
Platte River Equity said Tuesday it is partnering with three midstream energy industry executives to form First River Energy. Denver-based First River will buy and develop midstream assets for the gathering of crude oil, condensates, natural gas liquids (NGLs) and other related products. The executives include Johan Thematt, Jim Imbler and Chris Philpott. Platte River didn’t disclose how much it would invest in First River but capital will come out of its third fund, Platte River Equity III LP.
2 min read · 12 August 2014
