Marsh & McLennan Companies has invested in Juniperus Capital Holdings. Financial terms weren’t announced. Juniperus is a Bermuda insurance asset manager that focuses on collateralized reinsurance and catastrophe insurance-linked securities. In January, Aquiline Capital Partners acquired a stake in Juniperus along with company management. PRESS RELEASE Juniperus Capital Holdings Limited (“Juniperus”), a Bermuda-based insurance asset […]
Graycliff Partners, a middle-market investment firm, has acquired a majority stake in Skandia Inc., a provider of products and services for the aviation industry. Terms of the deal were not disclosed. Skandia is based in Davis Junction, Illinois. The company makes products including foam used in business jet seats, and flammability testing services. PRESS RELEASE […]
Virgin America, the high service, low-cost airline branded by British entrepreneur Richard Branson, is mulling a public share offering in the next 12-24 months, Reuters reported Tuesday, citing comments by a senior executive. (Reuters) – Virgin America, the high service, low-cost airline branded by British entrepreneur Richard Branson, is mulling a public share offering in […]
Orthofix International said it agreed to sell its sports medicine business to private equity firm Water Street Healthcare Partners for $157.5 million, Reuters reported Tuesday. (Reuters) – Orthofix International NV said it agreed to sell its sports medicine business to private equity firm Water Street Healthcare Partners for $157.5 million. The medical devices company […]
Facebook Inc. reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network’s sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO, Reuters wrote. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. Facebook […]
CVC Capital Partners said Tuesday that it would buy a majority stake in AlixPartners LLP as the restructuring and consulting firm looks to develop its services and expand geographically, Reuters wrote. The deal, whose terms were not disclosed, is expected to close this summer. (Reuters) – Private equity firm CVC Capital Partners Ltd will buy […]
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Promus Equity Partners has acquired Illinois-based QCC. QCC was founded in 1951 by the late Richard C. Michalek and has remained in the ownership of his family until now. The business is a manufacturing services provider supporting companies such as Sauer-Danfoss, Parker Hannifin and Woodward. PRESS RELEASE Promus Equity Partners, LLC (“Promus”), headquartered in Chicago, […]
Monroe Capital has provided funding of a unitranche facility for the recapitalization of Consolidated Glass Holdings, a portfolio company of Grey Mountain Partners. Consolidated Glass Holdings is headquartered in Denver, Colorado. Its companies operate in the architectural, security, and custom glass and metal fabrication fields. PRESS RELEASE Monroe Capital LLC today announced the funding of […]
PetroLogistics, a producer of propylene from propane, expects its initial public offering of 35 million shares to be priced between $19 and $21 a share, according to Reuters. The Houston-based company is majority-owned by private equity firm Lindsay Goldberg and investment firm York Capital. Reuters – PetroLogistics LP, which produces propylene from propane, said it […]