This morning First Read is mostly about venture. Are returns set to go back to mid-1990s levels; what is the case for raising venture debt funding and a look at the next wave of start-up success in San Francisco.
1 min read · 13 June 2013
Stripes Group, a technology and consumer focused growth equity firm, has sold the entire stake held by SG Growth Partners I, L.P. in MyWebGrocer, a provider of digital marketing solutions for grocery stores and global consumer packaged goods (CPG) companies. As part of the private transaction, HGGC, a middle market private equity firm, completed a growth equity investment in the company.
3 min read · 12 June 2013
RidgeWorth Investments has added three new members to its client support team: Christopher Danos, Scott Goldberg and Mallory Carr. RidgeWorth Investments serves as a holding company that owns interests in six investment boutiques with approximately $50.4 billion of assets under management.
3 min read · 12 June 2013
This Wednesday read all about Carlyle's plans for a $4bn property fund, Providence Equity suffering another Asia departure and PIMCO's forecast for a global recession.
1 min read · 12 June 2013
This week on the jobs board there are vacancies at global asset manager Capital Dynamics, BlackRock Private Equity Partners and PIMCO. On the venture side, Two Sigma Investments is also hiring in New York.
1 min read · 11 June 2013
Bank Street Group served as joint lead arranger for a $135 million senior secured financing closed by Alpheus Communications. The financing comprised a $110 million term loan, $15 million underwritten delayed draw term loan and $10 million revolving credit facility. The financing solution also affords up to an additional $40 million under certain conditions with an accordion feature in order to accommodate future organic or strategic growth initiatives by Alpheus.
1 min read · 11 June 2013
Topspin LBO has formed GHS Interactive Security to acquire LifeLine Security and Automation, a California-based security alarm dealer. LifeLine uses a door-to-door year-round sales model to sell security alarm systems to homeowners.
2 min read · 11 June 2013
CableOrganizer.com, an online retailer of electrical, telecom/datacom/networking, home theater, cable and wire management products, has announced a majority stake investment/acquisition by KT Capital Partners and CapitalSouth Partners Funds. The company has also announced the appointment of new company CEO, Gerald P. Quindlen, who previously served as president and CEO of Logitech.
1 min read · 11 June 2013
This Tuesday morning we find out a bit more about Chinese private equity, that there are more exits coming from Asia e-commerce firms and that FundersClub has raised a vehicle for recent Y Combinator graduates.
1 min read · 11 June 2013
Washington State Investment Board is probably wishing it had committed a little more money to vintage 2001 buyout funds, a little less to vintage 2007.
3 min read · 10 June 2013
