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.
Olympus Partners has acquired Par-Pak Ltd. Financial terms weren't announced. Covington, Ky.-based Par-Pak makes and markets upscale foodservice tableware. Barclays, RBC Capital Markets, GE Capital and Goldman Sachs provided financing. The Olympus team included Manu Bettegowda, Mike Horgan, Pete Tedesco and Griffin Barstis. News of the Par-Pak sale was reported by peHUB last month.
3 min read · 07 June 2013
ConvergEx, which is backed by GTCR and Bank of New York Mellon, finally withdrew its IPO Friday.
1 min read · 07 June 2013
Great Point Partners has made a $10 million investment in iVantage Health Analytics. iVantage provides health care informatics and business analytics solutions.
3 min read · 07 June 2013
To start your Friday, YouTube founders launch the Chinese version of Vine, Apple starts an iPhone trade-in program and pictures of Sean Park's tasteful and subtle wedding.
1 min read · 07 June 2013
Actis said Friday it committed US$290 million for a 60% stake in Aela Energía. Mainstream Renewable Power, the global wind and solar developer, will own 40% of the asset. The total value of the project is US$1.4 billion including debt, Actis said. Aela Energía is a renewable energy development set that looks to become Chile’s largest wind and solar energy provider.
3 min read · 07 June 2013
The Weather Company plans to pay a $600 million dividend to shareholders, including Bain and Blackstone.
2 min read · 06 June 2013
Industrial Opportunity Partners said Thursday that it has acquired Western Tool Supply. Financial terms weren't announced. Salem, Ore.-based Western Tool is a distributor of tools and supplies to construction, industrial, and woodworking customers.
2 min read · 06 June 2013
Meridian Sports Clubs California said Thursday it exited Chapter 11 financial reorganization. The company's new financing includes a $7.5 million term loan extended in part by Praesidian Capital and a $4.5 million revolving credit facility with Praesidian. Meridian operates fitness clubs in California, Hawaii and Nevada.
2 min read · 06 June 2013
H.I.G. Capital has invested in Holland Services. Financial terms weren't announced. Fort Worth, Texas-based Holland is a land services provider that helps oil & gas companies with acquiring, selling and developing land and mineral rights. THL Credit is providing financing.
3 min read · 06 June 2013
Brandon Paine and Jerome Underhill are joining AppNexus. Paine will be Vice President, Global Accounts while Underhill will be Vice President, Services & Operations, EMEA. Paine spent ten years at DoubleClick/Google where was most recently Global Agency Business Leader. Underhill was previously Global Commercial Director and Director of Product & Operations at London-based Phorm. AppNexus is backed by investors including Technology Crossover Ventures, Microsoft and Venrock.
2 min read · 06 June 2013
