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.
One Equity Partners said June 27 that it completed its buy of Walterscheid Powertrain Group. The deal was announced in March.
2 min read · 27 June 2019
Manna Tree Partners said June 27 that it invested in Vital Farms. Vital Farms, of Austin, is a national brand of pasture-raised eggs and butter.
3 min read · 27 June 2019
CVC Capital Partners is near a deal to buy 25 percent in Dubai’s GEMS Education, which is backed by Blackstone Group, Bloomberg reported. CVC may pay $1 billion for the stake, the story said.
1 min read · 27 June 2019
Alpine Investors said June 27 that it invested in Northeast Ohio Eye Surgeons Inc. Financial terms weren’t announced. The deal includes Northeast Ohio’s subsidiary Ohio Eye Care Consultants. Northeast Ohio Eye is an ophthalmology practice in northeast Ohio that provides medical and surgical eye services with five offices throughout northeast Ohio.
4 min read · 27 June 2019
Axalta Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. Axalta, a U.S. coatings company, has a roughly $7 billion market cap, the story said. Warren Buffett’s Berkshire Hathaway Inc is a large Axalta shareholder, Reuters said.
1 min read · 27 June 2019
Centerbridge Partners LP is in exclusive talks to buy Magellan Health Inc, the Wall Street Journal reported. Magellan, a managed care provider, is valued at $1.6 billion, the story said.
1 min read · 27 June 2019
EMEX LLC, a portfolio company of O2 Investment Partners LLC, has invested in Patriot Energy Group. Financial terms weren’t announced. Patriot Energy Group is a retail electricity and natural gas management firm.
3 min read · 27 June 2019
PanTheryx said June 26 that it raised $50 million in financing from Perceptive Advisors. PanTheryx, of Boulder, Colorado, is a biotech that is focused on addressing serious GI related health conditions. Armentum Partners acted as financial adviser to PanTheryx.
3 min read · 27 June 2019
Warburg Pincus said June 26 that its latest China Southeast Asia companion fund closed on $4.25 billion. Warburg Pincus China-Southeast Asia II LP will invest in Chinese and Southeast Asian portfolio companies alongside Warburg Pincus Global Growth LP, its $14.8 billion growth PE fund.
4 min read · 27 June 2019
Great Hill Partners said June 26 that it agreed to sell its stake in Symmetry Holding Inc to Secure-24 Intermediate Holdings Inc. Financial terms weren’t announced. Secure-24 is a unit of NTT Communications. Symmetry provides enterprise application management, hybrid cloud services and GRC software solutions with a SAP focus.
3 min read · 26 June 2019
