This morning read all about Billabong's refinancing rescue, the IPO market's comeback and five apps that got an i0S 7 makeover.
1 min read · 19 September 2013
Linden Care, a provider of specialty pharmacy services to the pain management industry, has appointed Michael W. Grieco as CFO. Linden Care is backed by BelHealth Investment Partners.
2 min read · 18 September 2013
UK-based private equity firm Endless has appointed Wayne Bowser to the position of non-executive director. Bowser joins Peter Yendell as the second non-executive director at Endless which is currently investing its third fund.
2 min read · 18 September 2013
MEST, which provides training, investment and incubation to high technology entrepreneurs in Ghana, has appointed Neal Hansch as managing director of the MEST Incubator. He joins MEST with over fifteen years experience in venture capital, technology operations and investment banking. Most recently, he was a general partner with Rustic Canyon Partners, an early stage focused investment fund with $500 million under management.
3 min read · 18 September 2013
Private equity fund manager Lincolnshire Management earlier this year commenced an arbitration seeking more than $11,000,000 in damages from its former president and CEO Steven J. Kumble in a breach of contract dispute. After an eight-day arbitration, Kumble was awarded over $1.4 million plus interest on his counterclaims that Lincolnshire had wrongfully withheld money from him as an investor in one of its private equity funds, including unauthorized litigation management fees charged to the fund, and unauthorized loan deductions taken by Lincolnshire.
2 min read · 18 September 2013
Arcapita, an investment firm headquartered in Bahrain, has emerged from Chapter 11 reorganization proceedings in the United States. Under the terms of the reorganization, Arcapita (legally referred to as AIM Group Limited) led by the existing management team will continue to manage the Arcapita investment portfolio on behalf of investors and creditors, with the objective of maximizing exit values across the portfolio.
2 min read · 18 September 2013
Austin Ventures has appointed Rick Pleczko as an entrepreneur-in-residence. As an EIR, Pleczko will be focused on sourcing early stage software investments in the Houston, Texas area.
2 min read · 18 September 2013
Bison Capital Asset Management has reached a final close on Bison Capital Partners IV with approximately $218 million of capital commitments in excess of its initial $200 million target. Fund IV will make growth capital investments in lower middle-market companies, public or private, for expansion, acquisitions and balance sheet recapitalizations.
2 min read · 18 September 2013
This Wednesday morning First Read reveals who to watch in the European cloud market; the top CEOs whose companies made them rich and more on the new iPhones.
1 min read · 18 September 2013
UK-based PROCAM has acquired its competitor Hammerhead TV. The announcement marks PROCAM’s first acquisition since the company's management buy-ut in May 2013. The strategic purchase was led by PROCAM’s group CEO, John Brennan and backed by private equity firm, Foresight Group.
4 min read · 17 September 2013
