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.
Apparel maker Kellwood Co., which is owned by Sun Capital Partners, is looking to exit Zobha after owning the brand for less than two years, two sources told peHUB.
1 min read · 02 May 2013
Solis Capital Partners has closed its second fund at $61 million. Solis, of Newport Beach, Calif., said it invests in companies in several industries including business services, niche manufacturing and software, typically headquartered in the Western United States.
2 min read · 02 May 2013
Zimmer Holdings has acquired Knee Creations. Financial terms weren't announced. West Chester, Pa. Knee Creations is a provider of knee treatments. Knee Creations was funded with an angel equity round and a Series A equity round of financing, together with debt, led by Viscogliosi Brothers, Praefinium and Philadelphia Medical Investment Group.
4 min read · 02 May 2013
Think Finance said Thursday that Martin Wong was named the company’s first chief integrity officer. Wong joins Think Finance from Cigna Corp., where he served as deputy general counsel and chief compliance officer.
2 min read · 02 May 2013
Michael J. Barrett has joined De Luna Partners as a partner. Barrett will be involved in all facets De Luna Partners origination and fundraising for private equity, alternative assets funds, and global equity strategies. Barrett was previously Managing Director, Private Equity at Mesirow Financial in Chicago.
2 min read · 02 May 2013
CIT Group Inc. said it provided $96 million senior secured credit facility to Harvest Partners to support its refinancing of TruckPro. Memphis, Tenn.-based TruckPro distributes aftermarket parts and accessories for heavy duty vehicles.
3 min read · 02 May 2013
Checkpoint Systems said Thursday that it completed the sale of its U.S. and Canadian CheckView business to Platinum Equity. Financial terms were not announced. Checkpoint announced the sale in march.
3 min read · 02 May 2013
New York-based private equity firm Lightyear Capital has emerged as the lead bidder to buy SunTrust Banks Inc's RidgeWorth Investments asset management unit, three sources familiar with the situation told Reuters this week, Reuters is reporting.
2 min read · 02 May 2013
Babson Capital Management said Thursday that it provided subordinated debt and made an equity co-investment to support Swander Pace Capital's buy of Caleel + Hayden Holdings Inc., which does business as glōProfessional. Babson said it was the sole provider of mezzanine capital for the deal. Denver-based glōProfessional develops and makes mineral-based cosmetics under the glominerals brand and premium skin care products under the glotherapeutics brand.
3 min read · 02 May 2013
Shamrock Capital Advisors has invested in Giant Creative/Strategy. Financial terms weren't announced. San Francisco-based Giant is a healthcare communications agency. AdMedia Partners served as financial advisor to Giant.
2 min read · 02 May 2013
