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.
Acorn Growth Companies and The Edgewater Funds are buying Tods Aerospace & Defence Ltd. of the U.K. Financial terms weren't announced. Tods engineers, designs and makes advanced materials technology for aerospace and naval acoustic structures. Caltius Capital Management and PNC Bank provided debt financing for the transaction. Lincoln International represented the buyer.
2 min read · 11 July 2013
Greg Kopp is rejoining the Hay Group where he will be a senior principal as a part of the Northeast region executive compensation practice. Kopp rejoins the firm from The Carlyle Group where he served as head of the global incentive and rewards team for the past two years.
2 min read · 11 July 2013
The Eads Company, which is backed by CapStreet, has completed its buy of Jatasco Inc. Financial terms weren't announced. Tulsa, Okla.-based Jatasco distributes engineered products, primarily serving the energy industry.
2 min read · 11 July 2013
Irving Place Capital doesn't expect to begin fundraising for its next pool for at least another year, sources tell peHUB.
2 min read · 11 July 2013
Grey Mountain Partners said Thursday it closed its most recent fund at $425 million. Boulder, Calif.-based Grey Mountain typically invests in North American-based businesses with enterprise values between $30 million and $150 million. The PE firm focuses on sectors such as aerospace and defense, packaging as well as food and beverage.
1 min read · 11 July 2013
J-Star Co. and Supply Chain Support Co. have invested in Tokai Trim Holdings Co. Financial terms weren't announced. Tokai Trim makes seat covers for four-wheeled cars and motorcycles. J-Star is a Japanese PE firm, while Supply Chain is backed by the Japan Auto Parts Industries Association and the Development Bank of Japan.
2 min read · 11 July 2013
Dawn Capital said its most recent fund raised £63 million (US$95.1 mln). Dawn Capital II will focus on Series A investments in sectors such as cloud, software, consumer internet & platform infrastructure, as well as financial services technology. The fund has received commitments from the European Investment Fund through the UK Future Technologies Fund, Capital for Enterprise through the new VC Catalyst Fund, institutions and private individuals, Dawn said.
3 min read · 11 July 2013
Palatine Private Equity, the U.K. private equity firm, has closed its second fund at its hard cap of of £150 million (US$224.1 million). Fund II consists of £100 million from existing investors and £50 million from new investors. New investors include GE Pension Trust (US), Nippon Life (Japan), a large German based insurance company and a family office based in London. Palatine invests between £10m and £25m of equity in regional lower mid-market deals.
2 min read · 11 July 2013
Tata Capital Innovations Fund has invested in Vaultize. Financial terms weren't announced. Vaultize, of Pune, India, is an enterprise file sharing and sync (EFSS) and mobility vendor.
3 min read · 10 July 2013
Lincoln International has acquired the financial advisory division of Stratus Group, bringing the total number of Lincoln's investment bankers to 10 in São Paulo. Stratus Group is a leading São Paulo-based investment firm. Luiz Recchia is joining Lincoln from Stratus as an MD, while Roberto Aldworth will be a director.
4 min read · 10 July 2013
