Blackstone has reported its full year and fourth quarter 2013 results. Strong growth and investment performance across all businesses drove full year revenues of $6.6 billion, up 63% year-over-year and economic net income of $3.5 billion, up 76%. 2013 was one of the firm’s best years in terms of investment.
3 min read · 30 January 2014
Clayton, Dubilier & Rice has closed an investment in PharMEDium Healthcare Corporation, a national provider of hospital pharmacy-outsourced sterile compounding services. Terms of the transaction were not disclosed.
2 min read · 30 January 2014
Industrial Air Tool, a portfolio company of ZS Fund has been sold to Pipeline Supply & Service, a portfolio company of Broad Street Energy Partners, an affiliate of Goldman Sachs Merchant Banking Division. BlackArch was retained by IAT’s financial sponsor ZS Fund and management to serve as exclusive financial adviser on the transaction. Specific terms of the transaction were not disclosed.
3 min read · 30 January 2014
San Diego-based Origo Ventures has received a grant from the Chilean government’s investment entity CORFO to support Origo’s investment activities in Chile. Origo Ventures is an early stage investor in Latin American technology companies, investing immediately post-accelerator.
2 min read · 30 January 2014
Mercato Partners has added Aaron Hall, former chief operating officer and executive vice president of client services at MarketStar Corporation, to the Mercato investment team. Mercato Partners is an expansion stage private equity firm.
2 min read · 30 January 2014
Clementia Pharmaceuticals, a privately held clinical stage biotechnology company has appointed three key executives with rare disease and orphan drug expertise: Donna Grogan, M.D., as chief medical officer, Jeff Packman as chief development officer and Eric Grinstead as chief commercial officer. The company is backed by OrbiMed Advisors and BDC Venture Capital.
5 min read · 30 January 2014
Today First Read brings you news of Thoma Bravo and TPG fundraisings, an insight into the PE financing of technology companies and a first for Facebook shares.
1 min read · 30 January 2014
Vint has secured a $1.8 million seed investment led by Creandum, together with DN Capital and prominent angel investors. Founded in Stockholm, Sweden, Vint is a peer-to-peer market place and community for personal training and small group private training.
4 min read · 29 January 2014
Integrate, a cloud-based marketing software and media services provider has appointed Reggie Bradford to its board of directors. He has also made a strategic capital investment in the company.
2 min read · 29 January 2014
Prospect Partners has recapitalized Owen Equipment Company and Owen Equipment Sales. The business is based in Portland, Ore and is a distributor of maintenance equipment used to service environmental infrastructure needs.
3 min read · 29 January 2014
