Scale Venture Partners has appointed Ariel Tseitlin as venture partner. Tseitlin was a former cloud exec at Netflix.
1 min read · 07 November 2013
Bacchus Capital is launching BCM Wineworks, a sales and marketing company. The new entity will represent three of Bacchus’ portfolio wineries: Sbragia Family Vineyards, Delille Cellars and Madrigal Family Winery.
4 min read · 07 November 2013
Carlyle is nearing an oversubscribed close, TPG hires a veteran LP for fundraising and Nestle offloads its Jenny Craig business. It's all happening in this morning's First Read.
1 min read · 07 November 2013
Mangrove Capital Partners has seen the value of its stake in Wix rise as the cloud-based web development platform set an IPO price of $16.50. Mangrove invested in the business seven years ago.
3 min read · 06 November 2013
New York-based specialty lending company Abacus Finance Group has backed the leveraged buyout of SQAD by Clarion Capital Partners. SQAD, headquartered in Tarrytown, NY, is a provider of media cost data and ratings analytics software for national TV, local broadcast and the internet.
3 min read · 06 November 2013
The Carlyle Group has annnounced its third quarter 2013 financial results. Highlights include $3.0 billion in realized proceeds in Q3 2013, with $17.8 billion realized over the past twelve months.
1 min read · 06 November 2013
NBK Capital has launched its second private equity fund, NBK Capital Equity Partners Fund II, L.P. with $217 million in capital commitments. The new fund will invest in growth opportunities in middle market companies across the MENA region.
3 min read · 06 November 2013
Venture philanthropy foundation Impetus – The Private Equity Foundation has announced that Daniela Barone Soares, chief executive officer, and Johannes Huth, chairman, have been appointed to the UK National Advisory Board of the G8 Social Impact Investment Taskforce. The board will hold its first meeting today.
2 min read · 06 November 2013
Chicago-based law firm Freeborn & Peters has expanded its private equity and venture capital industry team with the hiring of Gary A. Jungels. Jungels, who will also serve as a partner in the firm’s corporate practice group, has extensive experience in private equity and venture capital, and specifically fund formations and joint ventures.
2 min read · 06 November 2013
Monroe Capital has provided a $27.5 million senior secured credit facility to support the acquisition of Gem Shopping Network by an affiliate of Sun Capital Partners. Based in Duluth, Georgia, Gem Shopping Network is a retail business specializing in the sale of unique, high quality colored gemstones and jewelry, primarily through its live TV network.
2 min read · 06 November 2013
