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.
Ares Management Corp and OMERS Private Equity have agreed to sell National Veterinary Associates to JAB Investors. Financial terms weren’t announced. National Veterinary is a veterinary and pet care services organization.
5 min read · 17 June 2019
Parker Building Supplies, a portfolio company of Cairngorm Capital Partners, said June 17 that acquired Sussex Turnery and Moulding Co Ltd. Financial terms weren’t announced. Sussex Turney, of the U.K., is a builders’ merchant and wholesale timber processing and distribution business.
4 min read · 17 June 2019
Align Capital Partners said June 17 that David Perotti has joined the firm as an operating partner in ACP’s Dallas office. Perotti most recently was CEO of eRecruit.
2 min read · 17 June 2019
Unifrax, backed by Clearlake Capital Group LP, said June 17 that it acquired Stellar Materials LLC. Financial terms weren’t announced. Stellar makes specialty chemistries and materials.
3 min read · 17 June 2019
Out magazine received an “eleventh hour capital infusion” totaling several hundred thousand dollars that will allow the glossy title to pay contributors, vendors and partners, Vice News reported. Out magazine’s owners have “proven chronically unable or unwilling to pay freelancers and vendors” over the last several months, the story said. Pride Media, parent of Out, is backed by Fisher Capital Investments and Oreva Capital, according to PitchBook.
1 min read · 13 June 2019
FFL Partners is considering options, including a sale, for Church’s Chicken, Bloomberg reported. FFL is seeking $350 million or more for Church’s, a fast food chain, the story said.
1 min read · 13 June 2019
Jack’s Family Restaurant, which is backed by Onex, is considering a sale, the Wall Street Journal reported. North Point Advisors is providing financial advice to Jack’s, which is expected to produce more than $80 million Ebitda in 2019, the story said.
1 min read · 13 June 2019
H.I.G. WhiteHorse, the credit unit of H.I.G. Capital, said June 13 that it provided a 60 million euro ($67.7 million) loan to Grupo Hospitalario Recoletas. Recoletas, of Valladolid, Spain, is a family-owned Spanish hospital group.
3 min read · 13 June 2019
IIFL Wealth Management Ltd has invested in CerraCap Ventures Fund II. Financial terms weren’t announced. CerraCap, of Orange County, California, focuses on cyber security, AI and digital health.
3 min read · 13 June 2019
Wealth Enhancement Group, a portfolio company of Lightyear Capital, said June 13 that it agreed to buy Planning Solutions Group LLC. Financial terms weren’t announced. Planning Solutions, of Fulton, Maryland, is a financial advisory business with more than $1.3 billion in combined client assets.
4 min read · 13 June 2019
