Private Equity
Safeguard Scientifics, the Wayne, Pa.-based investment company that focuses on growth-stage healthcare and tech companies, has promoted Jeffrey McGroaty to Senior VP and CFO. McGroaty joined the company in 2005 as a vice president and corporate controller. He succeeds Stephen Zarrilli, who was named president and CEO of Safeguard last November.
2 min read · 25 April 2013
Nativo, a Los Angeles, Calif.-based startup whose software strives to make it easier for online publishers to run sponsored content, has raised $3.5 million in Series A funding led by Greycroft Partners. Other investors in the round include e.ventures and existing investor Signia Venture Partners. The company previously raised $1.8 million in seed capital from Signia and other angel investors.
3 min read · 23 April 2013
Apple's second quarter numbers trounce expectations, an MF Global trustee is suing Jon Corzine over the firm's collapse, and Bill Gates inadvertently infuriates all of Korea with one handshake. And so much more!
1 min read · 23 April 2013
The U.S. restaurant industry is beginning to sizzle, according to the 23rd edition of the Chain Restaurant Industry Review, which was released Tuesday at the Restaurant Leadership Conference in Scottsdale, Arizona by GE Capital, Franchise Finance (GEFF). According to the company's findings, merger and acquisition activity increased to $3.9 billion from $3.7 billion, and the total volume of syndicated leveraged loans in the restaurant space increased almost 21 percent last year.
4 min read · 23 April 2013
Owing to low interest rates, pension plans that have increasingly turned to less risky, longer-duration, fixed-income assets may find themselves locking in very low future returns, says a new report out Cambridge Associates.
2 min read · 23 April 2013
HealthCare Impact Associates, a Minneapolis, Mn.-based software company that helps its customers comply with requirements of the Affordable Care Act (ACA), has raised $2 million in private capital. The money will be used for the commercial rollout of its ACA management information system, called Health E(fx). The company didn't disclose the source of its new capital.
3 min read · 23 April 2013
Nanigans, a Boston-based startup that makes advertising technology software to help advertisers maximize their social and mobile advertising, has raised $5.8 million led by Avalon Ventures. The company is describing the round as "Series A.1 funding," having raised $3.1 million in 2011, including from Avalon.
2 min read · 23 April 2013
Google tops first quarter profit expectations, automotive experts say to expect self-driving cars in 2025 and no sooner, and Fred Wilson on Bitcoin, Airbnb, and immigration (video). And so much more!
1 min read · 18 April 2013
Epizyme, a six-year-old, Cambridge, Mass.-based biopharmaceutical company that's focused on researching treatments for tumors and blood cancer, has filed an S-1 with the SEC.
1 min read · 18 April 2013
European Capital Limited announced today that it has received €7.2 million from exiting its investments in Scaff'holding. European Capital realized a c. 1.8x money multiple on its initial investment, representing a 13% IRR. Scaff'holding, based in Paris, rents and sells scaffolding and shoring systems. The exit for European Capital -- A Guernsey-based investment company for pan-European equity, mezzanine, unitranche and senior debt investments -- comes as Scaff'holding and its majority shareholder, Equistone, have agreed on a tertiary buyout led by management and supported by minority equity investors.
3 min read · 18 April 2013
