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.
Huron Capital Partners has invested in Dynamic Dental Partners. Financial terms weren't announced. Sarasota, Fla.-based DDP is a dental services organization that provides operational support to a network of dental practices located in Florida, Arizona and Virginia. DDP is the first investment from Huron's fourth fund which raised $500 million in January.
2 min read · 06 August 2013
Littlejohn & Co. said Monday it completed its buy of Handy Hardware. Handy Hardware emerged from Chapter 11 after the U.S. Bankruptcy court in Wilmington, DE approved the transaction on July 25. Houston-based Handy Hardware sells nearly 50,000 items in categories such as plumbing, electrical and general hardware.
1 min read · 05 August 2013
Sun Capital Partners and Main Street Capital Holdings have sold Harry's Fresh Foods to Joshua Green Corp. Financial terms weren't announced. Portland-based Harry's produces chef-inspired fresh refrigerated and packaged soups, entrées, sides, sauces and desserts for the retail and foodservice markets.
4 min read · 05 August 2013
Micross Components, a portfolio company of Insight Equity Holdings, has acquired nearly all the assets of Premier Semiconductor Services. Financial terms weren't announced. Tempe, Ariz.-based Premier is a certified full-service semiconductor testing facility.
3 min read · 05 August 2013
Apax Partners and Morgan Stanley Principal Investments are selling Hub International after six years to Hellman & Friedman.
2 min read · 05 August 2013
Hellman & Friedman LLC has agreed to buy Hub International in a deal valued at $4.4 billion. The sellers are Apax Partners and Morgan Stanley’s private equity arm. Chicago-based Hub is an insurance brokerage with more than 6,500 employees in the U.S., Canada and Brazil. Hub’s senior management will continue to have a significant equity position. BofA Merrill Lynch, Morgan Stanley Senior Funding, Inc. and RBC Capital Markets are providing debt financing. BofA Merrill Lynch, Morgan Stanley & Co. LLC and Stephens Inc. provided financial advice to Hub and Apax.
4 min read · 05 August 2013
Brazos Private Equity Partners has acquired Southern Tide. Financial terms weren't announced. Greenville, S.C.-based Southern Tide makes the well-known men's Skipjack polo. It also sells shirts, pants, shorts, outerwear, ties, swimwear, footwear and accessories for men.
3 min read · 05 August 2013
M/C Partners said Monday it closed the sale of Baja Broadband to Telephone and Data Systems, Inc. The deal was valued at $267.5 million. Alamogordo, N.M.-based Baja is a cable company that offers video, high-speed Internet, and voice service. Waller Capital Partners and RBC Capital Markets served as M&A advisors to M/C Partners.
3 min read · 05 August 2013
Clutch said Monday that it has closed a $5.3 million Series B financing round led by Safeguard Scientifics. Previous investors, including Ben Franklin Technology Partners, also contributed. Philadelphia-based Clutch is a mobile app that stores gift cards, loyalty cards and coupons.
4 min read · 05 August 2013
Terra Firma has agreed to sell 100% of Carmel Capital II S.à.r.l., including subsidiary Phoenix Natural Gas Ltd. The buyer is Hastings Funds Management. Financial terms weren't announced. Phoenix is Northern Ireland's largest natural gas distribution and energy services company. Bloomberg News has reported the deal could be worth about 700 million pounds ($1.06 billion).
5 min read · 05 August 2013
