Eamon Murphy
Private equity firm Welsh, Carson, Anderson & Stowe agreed to provide financing to InnovAge, a senior care company with locations in Colorado, New Mexico and California, which is converting from nonprofit to for-profit. Net proceeds from the sale of InnovAge assets—$196 million, plus a potential $8 million earn out in 2018—will be used to fund The NextFifty Inititive, a Colorado elder care foundation.
Big news at the end of the week on the self-driving car front for Apple and BMW. Meanwhile Swift has been hacked again, and Pfizer is taking a stand against the death penalty.
Pinetree Capital Ltd. appointed Susan E. Fox as chief financial officer. Fox has served as CFO at several small and medium-sized companies. She succeeds Carmelo Marrelli, who has resigned. Marrelli Services Ltd. will still provide accounting services to the Pinetree.
Beacon Rail Leasing agreed to acquire Ascendos Rail Leasing S.à r.l., a European locomotive and rolling stock leasing company. Beacon, which serves the UK and continental European markets, is owned by Pamplona Capital Management through Pamplona Capital Parters III, LP.
Kayon Partners LLC has teamed with The LeoGroup LLC as sub-advisor to the private equity fund LeoGroup Private Investment Access, LLC. LeoGroup is expanding its offerings to ultra-affluent individuals through its multi-family office platform.
Bolder Healthcare Solutions, a portfolio company of Edgewater Growth Capital Partners III, L.P., acquired Prospective Payment Specialists. Bolder provides revenue cycle management services to the healthcare market, while PPS offers solutions for billing compliance, revenue and cash flow to hospitals.
Alternative asset management firm JMP Group LLC announced the hiring of Don More as a managing director in the investment banking division of JMP Securities. More, formerly a managing director at Signal Hill, will focus on the cybersecurity sector from the firm's New York office.
Quantum Energy Partners increased its investment in Tanos Energy to a total of $500 million. The additional capital commitment is concurrent with Tanos’s acquisition of oil wells, primarily in East Texas and North Louisiana, from ConocoPhillips Company and Fidelity Exploration and Production Company. Press Release Tanos Energy (“Tanos” or the “Company”), a private energy company focused on […]
Fried, Frank, Harris, Shriver & Jacobson LLP announced the addition of Brian Miner as a partner in the M&A and private equity practice. Miner, previously a partner at Reed Smith, will join the firm's Washington, DC office.
Soaring Pine Capital Growth Fund I purchased Chicago-based Technology Solutions, Inc., which will roll up to a holding company called Tikoo Solutions LLC. Birmingham, Michigan-based Soaring Pine Capital, a Simon Group Holdings company, will support the new entity's expansion in partnership with two veteran cable/wireless executives, Jerry McCoy and William Fenton. Tikoo Solutions will be owned by the fund, the management team and Technology Solutions founder John Urso.