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.
Crestwood Midstream Partners LP and Inergy Midstream LP agreed to merge in a cash and stock deal to tap demand for pipeline and storage services in North America's fast-developing shale fields, Reuters is reporting.
2 min read · 06 May 2013
Berkshire Partners said Monday that Gideon Argov will join the firm as an Advisory Director. He will work with Berkshire to source new investment ideas and serve as an operating advisor to portfolio companies. Argov serves as director of J.M. Huber Corp., Beechcraft, Servotronix and Energy Points. He previously served as CEO of Entegris.
3 min read · 06 May 2013
Wellspring Capital Management has made back half of its investment in API Heat Transfer in roughly a year, a source tells peHUB.
1 min read · 06 May 2013
Marlin Equity Partners said Monday it completed its buy of the Optical Networks business of Nokia Siemens Networks to form Coriant. Munich, Germany-based Coriant is a supplier of optical transport solutions. The transaction was announced in December.
3 min read · 06 May 2013
BMC Software said Monday it agreed to be acquired by a private investor group led by Bain Capital and Golden Gate Capital for about $6.9 billion. The group also includes GIC Special Investments Pte Ltd and Insight Venture Partners. Terms of the deal call for the investor group to pay $46.25 a share for all outstanding BMC common stock. Morgan Stanley & Co. and BofA Merrill Lynch are advising BMC. Qatalyst Partners, Credit Suisse, RBC Capital Markets and Barclays are serving as financial advisors to the Investor Group.
7 min read · 06 May 2013
API Heat Transfer, a portfolio company of Wellspring Capital Management, has completed a recapitalization. The deal includes a new $300 million first-lien credit facility. The loan will enable API to pay a dividend to its investors, Wellspring says. Buffalo, N.Y.-based API is a supplier for the design and manufacture of industrial heat exchangers.
2 min read · 06 May 2013
The Jordan Co. said Monday it has agreed to sell Reinhold Holdings to HEICO Corp.. Financial terms weren't announced. Reinhold makes advanced custom composite components and complex composite assemblies for commercial aviation, defense and space applications. Lazard advised Reinhold.
3 min read · 06 May 2013
H.I.G. Capital said Monday it has completed its buy of Caraustar Industries. Financial terms weren't announced. Wayzata Investment Partners, the seller, had owned a majority of Caraustar. Credit Suisse Securities, Goldman Sachs Bank USA, Jefferies LLC and Wells Fargo Capital Finance are providing financing. Jefferies provided financial advice to Caraustar while Credit Suisse advised H.I.G. while Ropes & Gray was their attorney. Clifton, N.J.-based Caraustar makes 100% recycled paperboard and converted paperboard products
3 min read · 06 May 2013
Canadian buyout firm Onex Corp. has agreed to acquire Nielsen Expositions from parent organization Nielsen Holdings N.V. for US$950 million. The deal is expected to close in the second quarter of 2013. Nielsen Expositions, of San Juan Capistrano, California, operates more than 65 business-to-business trade shows and conference events every year. Onex Partners III, Onex's US$4.7 billion private equity fund, will invest approximately US$350 million of equity in the transaction.
4 min read · 06 May 2013
McAfee has agreed to buy Stonesoft Oyj for about $389 million in cash. Stonesoft, of Helsinki, provides firewall protection products.
4 min read · 06 May 2013
