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.
Blackstone said Thursday that Jim Albaugh was named a Senior Advisor. He will focus primarily on the firm’s private equity activities in the Aerospace and Defense sector. Albaugh was most recently CEO and President of Boeing Commercial Airplanes at The Boeing Company.
2 min read · 09 May 2013
Draper Fisher Jurvetson said Thursday that Bubba Murarka has joined as a GP and MD. Murarka was most recently head of product for Facebook for Android where he started the Facebook Home project, DFJ said.
2 min read · 09 May 2013
Thomas H. Lee Partners and an affiliate of Goldman, Sachs & Co. have agreed to buy CTI Foods. Littlejohn & Co. is the seller. Financial terms weren't announced. Morgan Stanley and Goldman Sachs provided commitments for the debt financing. CTI, which has corporate offices in Fort Worth, Texas and Wilder, Idaho, provides custom food solutions to major chain restaurants in North America. Goldman provided financial advice to THL and Goldman.
3 min read · 09 May 2013
Littlejohn & Co. has agreed to sell CTI Foods. Neither financial terms nor the buyer were announced. CTI provides custom food solutions to major chain restaurants in North America. Morgan Stanley advised CTI. UPDATE: Jay Novak and Tim Larsen of Houlihan Lokey served as co-advisors to CTI alongside Morgan Stanley.
2 min read · 09 May 2013
EuNetworks Group has secured a debt funding commitment with Barclays Private Credit Partners Fund L.P. EuNetworks said €45 million is available and includes €30 million commitment to be used primarily for incremental organic and inorganic growth. Barclays Private Credit Partners has also retained an option to participate any future equity fundraisings by euNetworks. London-based euNetworks is a bandwidth infrastructure provider.
2 min read · 09 May 2013
Private equity investor Oaktree is in advanced talks to merge its German office real estate unit Acorn with competitor Prime Office, Reuters is reporting.
1 min read · 09 May 2013
Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday.
1 min read · 09 May 2013
Waddington North America, which is backed by Olympus Partners, is buying Par-Pak Ltd., according to a source and a report from Moody's Investors Service.
1 min read · 08 May 2013
TPG has invested in Advent Software, which was up for sale earlier this year.
1 min read · 08 May 2013
Kayne Anderson Middle Market Credit, the private credit platform of Kayne Anderson Capital Advisors, along with Comvest Partners provided a $24 million term loan to SCG Financial Acquisition Corp. The loan will fund the business combination of Reach Media Group Holdings and Symon Communications Holdings Corp.
4 min read · 08 May 2013
