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.
H-D Advanced Manufacturing Co. has acquired Innovative Mechanical Solutions Ltd. and Leading Edge Heat Treatment, which are known as iMech. Financial terms weren't announced. Edmonton, Canada-based iMech designs and make custom bearings for the directional drilling motor industry. The Riverside Company, Hicks Equity Partners and Weinberg Capital Group formed H-D in December.
4 min read · 01 August 2013
Dunes Point Capital, the new investment firm from Tim White, has made its first deal.
1 min read · 01 August 2013
HealthTech Solutions Group, a portfolio company of Altaris Capital Partners, has acquired GAFFEY. Financial terms weren't announced. Pleasonton, Calif.-based GAFFEY provides claims management software.
3 min read · 01 August 2013
Dicerna Pharmaceuticals said Thursday it closed $60 million n an oversubscribed Series C round of financing led by new investor RA Capital. Brookside Capital, Deerfield, and Omega Funds also participated. The round also includes all five of Dicerna’s existing institutional investors: Abingworth Management, Domain Associates, Oxford Bioscience Partners, Skyline Ventures and SR One. Watertown, Mass-based Dicerna is a pharmaceutical company developing RNA interference based therapeutics.
3 min read · 01 August 2013
Arsenal Capital Partners said Wednesday that it closed its buy of ADCO Global. Financial terms weren't announced. ADCO has merged with Arsenal’s Adhesives and Sealants platform investment, Royal Adhesives and Sealants. Lincolnshire, Ill.-based ADCO supplies specialty adhesives, sealants, tapes and coatings serving construction, transportation and industrial markets. Valence Group provided financial advice to Arsenal.
3 min read · 01 August 2013
United Cabinet Holdings, a portfolio company of Building Industry Partners, has acquired Tru-Wood Cabinet Co. Financial terms weren't announced. Ashland, Ala.-based Tru-Wood makes stock- and semi-custom kitchen, bath and other home cabinetry. Building Industry Partners, of Fort Worth, Texas, is a growth equity investment firm.
3 min read · 01 August 2013
Elders Limited has agreed to sell Futuris Automotive to Clearlake Capital Group for A$69 million (US$62.1 mln). The deal is expected to close by the end of August. Futuris is a global automotive component supplier. Greenhill and Herbert Smith Freehills advised Elders.
3 min read · 01 August 2013
Ares Management said Wednesday that Alleghany Corp. has invested $250 million in Ares for a 6.25% equity stake. Alleghany has also committed to invest up to $1 billion of capital in various existing and new Ares investment strategies. Ares plans to use the $250 million as sponsor capital in its investment vehicles. J.P. Morgan Securities and Bank of America Merrill Lynch provided financial advice to Ares. Morgan Stanley advised Alleghany.
3 min read · 31 July 2013
Thomas H. Lee is getting some of its money back from Party City, a year after buying the party supply retailer for $2.69 billion.
2 min read · 30 July 2013
Integrated Private Debt Corp. has closed its fourth fund at $307 million. The IPD Funds invest in fixed rate, investment grade term loans to mid-market companies and projects across Canada. IPD is the corporate debt group of Integrated Asset Management Corp.
2 min read · 30 July 2013
