PE HUB Second Opinion

In Second Opinion, Google unveils new Nexus phones and Chromecast devices, Apple’s business-related revenue soars to $25 billion and NSA whistleblower/fugitive Edward Snowden joins Twitter.


Second Opinion

To end your first day back from the long weekend, Second Ops presents some CalPERS and private equity kerfuffle, JP Morgan hired tech banker Greg Mendelson and Sen. Marco Rubio is winning the tech money race.


Ontario Teachers’ to sell majority stake in Alliance to BDT

BDT Capital Partners LLC has agreed to acquire a majority stake in Alliance Laundry Systems from Ontario Teachers’ Pension Plan. No financial terms were disclosed. After the deal closes, Ontario Teachers’ will retain a minority stake in Alliance. Morgan Stanley & Co. LLC, BMO Capital Markets Corp. and Bank of America N.A. provided financial advice to Alliance on the transaction. Alliance is a maker of commercial laundry equipment.


Wynnchurch promotes four to MD

Wynnchurch Capital has promoted Brian Crumbaugh, Greg Gleason, Neel Mayenkar and Michael Teplitsky to managing director. Prior to joining Wynnchurch, Crumbaugh worked at ShoreView Industries and Piper Jaffray while Gleason was at Houlihan Lokey and Bank of America. Mayenkar’s work background includes positions at Houlihan Lokey and at PricewaterhouseCoopers and Teplitsky’s resume has stints at Lime Rock Partners and at UBS Investment Bank.


peHUB First Read

First Read ends this beautiful spring week with news Syngenta rejected Monsanto’s $45 bln takeover bid, Fitbit files for a $100 mln IPO and defying the odds, British Prime Minister David Cameron wins the UK election.


peHUB Second Opinion

In Second Opinion, Yahoo is rumored to be in talks to acquire Foursquare, controversial pro-adultery website Ashley Madison is reportedly pursuing an IPO in London and ex-NFL star Aaron Hernandez is found guilty of first-degree murder.

New Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino

peHUB Second Opinion

In Second Opinion, Tsarnaev is found guilty of all counts in Boston Marathon bombing trial, Hillary Clinton recruits a Google executive to be her technical chief and early Apple Watch reviews are positive but with a few caveats.


Crane Nelson leads $10 mln funding in AgileCraft

Crane Nelson, a private equity firm in Houston, has led a $10 million Series A funding round in software company AgileCraft. Other participants in the funding round include former Bank of America senior executives Jim Kelly and Tim Arnoult.


peHUB First Read

This morning First Read brings news of Quantum’s Fund VI progress, KKR appointing a relationship management expert, healthcare opportunities apparently exploding and PE fundraising slowing in Q3 2014.


Tennenbaum Capital hires Bank of America executive

Tennenbaum Capital Partners has hired Carolyn Glick as a director in the Los Angeles office. Glick will source and execute credit investments across performing and special situations credit strategies. Prior to Tennenbaum, Glick was a senior vice president of Bank of America Business Capital.


peHUB First Read

This midweek morning headlines include MassPRIM hiring for PE, Franklin Templeton closing its latest emerging markets fund and five ways to avoid losing money as an angel investor.

Stratasys finalises $250m revolving credit facility

Stratasys has entered into a credit agreement with Bank of America for a five year revolving credit facility of up to $250 million. The company has the right to request increases in the facility of up to an aggregate of $75 million, subject to the agreement of the lenders and certain other conditions.

ICV Partners’ SAFE Security Completes Refinancing

ICV Partners‘ portfolio company SAFE Security has completed the refinancing of its existing senior credit facility with a new $130 million debt facility led by Bank of America. The new credit facility, $55 million more than the previous $75 million debt facility, provides additional borrowing capacity for future acquisitions.

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