Hancock Fabrics, a Baldwyn, Miss.-based fabric retailer, has entered into an amended and restated loan and security agreement. The new, $100 million senior secured asset-based credit facility matures in November 2016. The company also closed on a $15 million term loan credit facility that mature in November 2016.
2 min read · 06 December 2012
ClearStory Data, a Palo Alto, Calif.-based company that's developing new tools to explore corporate data, has raised a $9 million Series A financing from Kleiner Perkins Caufield & Byers. The company's seed round investors, Andreessen Horowitz and Google Ventures, which gave the company and undislosed amount of money back in March, also participated.
3 min read · 06 December 2012
Doodling may not sound productive, but done the right way, it can help energize, organize, and sell a startup’s mission. So says Kevin Cheng, a well-regarded designer who spent years developing products at Yahoo; Raptr, the social network for gamers; and Twitter, and who more recently cofounded Incredible Labs
5 min read · 06 December 2012
This week, entrepreneurs are discussing Proposition 30, a temporary personal income tax hike in California that will impact the most successful of them. But dislike it though they may, it's not enough to drive them out of California -- not by a long shot.
4 min read · 06 December 2012
Both PE and VC funding dramatically accelerate sales and job growth of their small-and mid-size recipients, according to a new study out of Pepperdine University and the Institute for Exceptional Growth Companies (IEGC), created through a three-year grant from the NASDAQ Educational Foundation.
5 min read · 04 December 2012
ICV Partners of New York, a private equity firm focused on lower middle market companies, has acquired San Ramon, Calif.-based Safe Security, maker of residential and commercial security alarm systems. Terms of the deal were not disclosed.
2 min read · 04 December 2012
BDO, the accounting and consulting organization, has named Todd Kinney Relationship Director for the firm's national private equity practice. In the role, Kinny, who joined BDO in 2003, will be responsible for implementing the firm's private equity industry growth strategy by sourcing new PE clients and opportunities.
3 min read · 04 December 2012
HealthcareSource, a Woburn, Mass.-based, healthcare industry focused software company, has acquired 17-year-old NetLearning, a maker of learning management software for the healthcare industry. Terms of the acquisition aren't being disclosed.
3 min read · 04 December 2012
New York Life Capital Partners, a wholly-owned investment boutique of New York Life that manages approximately $9 billion of private equity assets, including equity co-investment, mezzanine, fund of funds programs and separate accounts, today announced that the firm has renamed itself GoldPoint Partners.
2 min read · 04 December 2012
Sol Systems, a Washington, D.C.-based solar finance firm, has added two people to its board of advisors: Jonathan Silver and Ed Feo. Silver has worked within the federal government, leading investments in clean and renewable energy; he has also cofounded a venture capital firm called Core Capital Partners. Feo is the managing director of USRG Renewable Finance, the renewable-energy-focused private equity firm. Sol Systems has also hired Stephanie Smith as general counsel and EVP for operations. Smith was previously an associate at Cooley LLP.
4 min read · 04 December 2012
