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.
Deutsche Telekom AG has agreed to sell a 70 percent stake in online classified advertising business Scout24 Holding GmbH to Hellman & Friedman at an enterprise Value of EUR 2 billion (US $2.7 billion). Deutsche Telekom is keeping a 30 percent stake. The deal is expected to close in first quarter 2014 and generate cash proceeds at the close of about EUR 1.5 billion. Goldman Sachs and Jefferies acted as financial advisors to Deutsche Telekom.
4 min read · 22 November 2013
Aurora Capital Group has completed its sale of Porex Corp. to Filtration Group. Financial terms weren't announced. Fairburn, Ga.-based Porex developes porous polymer materials. Robert W. Baird & Co. acted as financial advisor to Porex.
3 min read · 22 November 2013
National Response Corp., which is backed by J.F. Lehman & Company, has completed its buy of RK Contractors. Financial terms weren't announced. Truckee, Calif.-based TRK is a specialty environmental and industrial services contractor in the Northern California and Nevada region.
2 min read · 22 November 2013
Fifth Street Management has funded a $75 million term loan to support First Choice Emergency Room's continued growth. First Choice, which is backed by Sterling Partners, is a freestanding emergency room system.
4 min read · 22 November 2013
Moelis Capital Partners has acquired OmniSYS from CIC Partners. Financial terms weren't announced. Dallas-based OmniSYS provides medical claims reimbursement and compliance services for pharmacies and medical equipment providers. Bill Suddath and Ben Brown of Robert W. Baird advised OmniSYS.
3 min read · 22 November 2013
To start your Friday, the FCC will soon propose allowing passengers to use their cellphones on airplanes, half of angel investors regret their investments this year and Batkid's family has launched the Batkid fund.
1 min read · 22 November 2013
The IPO of Vince Holding will help Sun Capital Partners put its once-challenged investment in Kellwood Holding in the black.
2 min read · 21 November 2013
In Second Opinion, why Burger King should sell pizza at its new restaurants in India, Rupert and Wendi Murdoch are close to reaching a divorce settlement and Blackjet is reportedly over.
1 min read · 20 November 2013
The goal of Pam Hendrickson, COO of The Riverside Company, is to stop the bashing of private equity.
3 min read · 20 November 2013
In Second Opinion, Tim Draper is leaving Draper Fisher Jurvetson, Snapchat may be smaller than it claims and why hangovers are worse in your 40s.
1 min read · 20 November 2013
