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.
Angelo, Gordon & Co LP said July 1 that it completed the sale of Crunch Fitness to TPG Growth, the middle market platform of TPG. Financial terms weren’t announced. Crunch is a health and fitness company that owns, operates, and franchises fitness centers serving over 1.3 million members across the United States, Australia, Canada, and Spain.
4 min read · 01 July 2019
Berry Global Group Inc said July 1 that it closed its $6.5 billion buy of RPC Group. The deal included $2.2 billion net debt and about $4.3 billion cash. RPC is a British packaging company. In March, RPC ditched a lower bid from Apollo Global Management in favor of a higher offer from Berry Global, Reuters reported.
6 min read · 01 July 2019
First Reserve has completed its buy of Trillium Flow Technologies, formerly Weir Flow Control. Weir Group was the seller. Trillium Flow Technologies consists of 15 global pump and valve brands servicing the power generation, oil and gas, water and wastewater, mining, and industrial sectors.
2 min read · 01 July 2019
Genesee & Wyoming Inc said July 1 that Brookfield Infrastructure and GIC agreed to buy G&W in a transaction valued at approximately $8.4 billion including debt. G&W owns a portfolio of 120 short line railroads, predominantly in North America, with operations in Europe and Australia.
10 min read · 01 July 2019
Marathon Oil Corp said July 1 that it sold its U.K. business to RockRose Energy PLC for $95 million in consideration. The sale to Rock Rose includes the Brae area fields and Foinaven.
1 min read · 01 July 2019
Ithaca Holdings LLC, backed by the Carlyle Group, is buying Big Machine Label Group. Financial terms weren’t announced. Carlyle is providing additional equity to support the deal and will remain a minority investor. Big Machine Label is a record label founded by Scott Borchetta.
5 min read · 01 July 2019
KJK Sports, which is backed by KJK Management SA, said July 1 that it agreed to buy Baltic Bicycle Trade UAB, the parent company of Baltik Vairas. Financial terms weren’t announced. Asgaard A/S and Litcapital I were the sellers. Bailtik Vairas, of Šiauliai, Lithuania, is a bike manufacturer.
2 min read · 01 July 2019
2 min read · 28 June 2019
Howard Hughes Corp has hired Centerview Partners to explore strategic alternatives, including a sale, CNBC is reporting. Howard Hughes, which owns, manages and develops different type of real estate throughout the U.S., isn’t a REIT but a C-corp, the story said.
1 min read · 28 June 2019
Blackstone is expected to close on more than $12 billion for its debut infrastructure fund, Bloomberg reported June 26. The kingdom of Saudi Arabia is an anchor investor in the fund, the story said.
1 min read · 28 June 2019
