KKR to move NY corporate HQ to Hudson Yards in 2020

By Chris Witkowsky — 3 months ago

KKR & Co. will move its flagship New York office to 30 Hudson Yards in 2020. The firm is buying around 343,000 square feet, the top 10 office floors, at the site being developed by Related Companies and Oxford Properties Group. KKR is the second corporate tenant at the site; Time Warner acquired around 1.5 million square feet of space in January 2014.

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Seyfarth Shaw hires former Blank Rome corporate attorney Simonson

By Chris Witkowsky — 3 months ago

Seyfarth Shaw LLP hired Eric Simonson to the corporate department in New York. Simonson previously worked at Blank Rome LLP where he focused on M&A, securities and Asia practice services as well as the emerging companies, private equity and venture capital industries. He has advised clients in industries like telecommunications, biotechnology, consumer products, healthcare and media.

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Blue Heron invests in Verisma Systems

By Chris Witkowsky — 4 months ago

Blue Heron Capital invested in Verisma Systems, Inc., a health information technology business focused on the healthcare industry. NewSpring Capital, Jim Crook, former president of IDX Systems, and Jim Riley, former president of Capario, also invested in the funding. Riley, an operating advisor with Blue Heron, will join Verisma’s board.

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Wynnchurch generates 4x return on sale of autoparts maker

By Chris Witkowsky — 4 months ago

Wynnchurch Capital will reap an about 4x return on its announced sale of Wolverine Advanced Materials, an autoparts maker. Wynnchurch announced the sale of Dearborn, Michigan-based Wolverine to ITT Corp for about $300 million. Wynnchurch acquired Wolverine in December 2010 through a corporate carve-out from EP Management Corporation.

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Littlejohn’s Wellfleet Credit closes debut CLO on $360 mln

By Chris Witkowsky — 5 months ago

Wellfleet Credit Partners, the performing credit business of Littlejohn & Co., closed its debut collateralized loan obligation on $360 million. The CLO will be backed by a portfolio of broadly syndicated senior secured loans. Littlejohn funds and its partners are investors in the CLO, which has a two-year, non-call and four-year investment period with a final maturity of 12 years. Littlejohn Debt Management formed Wellfleet earlier this year to invest in broadly syndicated loans and related fixed income investments.

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Monomoy hires Nomura executive Matusow

By Chris Witkowsky — 5 months ago

Monomoy Capital Partners hired Jordan Matusow to focus on sourcing investments in the debt securities of distressed and underperforming businesses. Prior to Monomoy, Matusow worked at Nomura Securities, where he was executive director in the credit sales group.

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Blue Point hires three, including chief administrative officer

By Chris Witkowsky — 5 months ago

Blue Point Capital Partners hired three professionals: Colleen Greenrod as chief administrative officer, Jonathan Pressnell as principal and Sonali Aggarwal as an associate. Greenrod joined the firm from J.P. Morgan, where she worked for One Equity Partners and the private equity fund administrative group. She replaces Lisa Root, who is retiring after 23 years. Pressnell is rejoining Blue Point after working at the firm as an associate for three years. He spent time working as a principal at Greenbriar Equity Group.

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M/C Partners, J.P. Morgan invest in Everstream Solutions

By Chris Witkowsky — 5 months ago

M/C Partners and investors advised by the private equity group of J.P. Morgan Asset Management have invested $50 million in Everstream Solutions, a subsidiary of OneCommunity. As part of the deal, Everstream will acquire a majority of the fiber assets owned by OneCommunity and emerge as a standalone organization. OneCommunity, a non-profit that works to bring fiber-based services to healthcare, government and education customers, will retain a minority interest in Everstream and receive funds to support its work.

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