Iris Dorbian
First Read begins the day with news that Google parent Alphabet posts disappointing earnings, Green Dot Corp is in talks to buy Carlyle-backed UniRush and value of cryptocurrency Monero jumps 2,760 percent in 2016.
Second Opinion wraps up the day with news that Verizon is reportedly exploring a merger with Charter Communications, which the telecom giant denies, the SEC fines Citigroup on claims that 60,000 clients were over-billed and get ready for the musical version of "The Devil Wears Prada," with songs by Elton John.
Sun Capital has acquired Archibold, Ohio-based Arrow Tru-Line Inc, a maker of garage door hardware and fittings. No financial terms were disclosed.
Cinven and CVC Capital Partners have closed its previously announced acquisition of UK-based NewDay, a provider of consumer credit. The seller was Värde Partners. No financial terms were disclosed.
Lunar Capital Partners has raised $67.25 million for its fourth fund, according to an SEC listing. No target was specified in the document. However, an earlier report on the fund noted that the China-based private equity firm was seeking $380 million.
Allianz Global Investors has invested $300 million on behalf of its clients into the Pocahontas Parkway. Based in Virginia, Pocahontas Parkway is an 8-8 mile toll-road. White & Case LLP provided legal advice to AllianzGI on the transaction.
Millstein & Co has acquired MuniServices, Revenue Discovery Systems, Broussard Partners and eGov Systems, all of which are providers of revenue enhancement, technology and consulting services for government agencies. The seller was PRA Group. No financial terms were disclosed. The combined entities will be called Government Revenue Solutions. Also, Millstein has named Craig Adler as executive chairman and CEO of GRS
Militello Capital and Denholtz Associates have acquired Orlando, Florida-based Cypress Industrial Park, a portfolio comprised of five single-story light industrial buildings. The price of the acquisition was $18.5 million.
HCAP Partners has made an undisclosed investment in Burke Williams Inc. The capital infusion will be used to back the company's recapitalization and growth efforts. Based in California, Burke Williams is a European-style day spa.
J.H. Whitney Capital Partners LLC has acquired 3B Scientific, a maker of anatomical and biological teaching aids for science, healthcare and patient education. No financial terms were disclosed. In addition to the funding, 3B Scientific has named Todd A Murray as CEO.