Private Equity
Summit Park sold NSi Industries to Blue Sea Capital for an undisclosed amount. Headquartered in Huntersville, North Carolina, NSi supplies electrical connectors for construction and repair applications.
2 min read · 18 May 2016
To wrap up your Tuesday, BlackRock's leader is worried about China, while in the U.S. Obamacare appears to be working, at least by one measure.
1 min read · 17 May 2016
Greenfield Cities Holdings, L.P., a TPG Growth portfolio company, led a $14.9 million Series A funding round in cloud security provider Avanan Inc. This is the first investment by Greenfield Cities, a joint venture between TPG Growth and technology investor Yuda Doran. The firm intends to focus on Israel-based companies looking to expand globally. Existing investors Magma VC and StageOne Ventures also participated in the round, bringing Avanan's total capital raised to $16.4 million.
1 min read · 17 May 2016
WorldQuant Ventures LLC invested an undisclosed amount in True Anthem, a tool for social media analytics and amplification. WorldQuant Ventures, an angel firm founded in 2014 as a private investment vehicle for founder Igor Tulchinsky, focuses on data and finance companies. Correction: WorldQuant Ventures is a legally separate entity from WorldQuant, LLC. This post has been updated to clarify that distinction.
1 min read · 17 May 2016
Hercules Funding, LLC secured a $6.5 million loan from AloStar. Hercules provides venture funding to firms including technology and life sciences companies.
1 min read · 17 May 2016
Spark Capital and Accomplice led a $3 million seed round in Nift, a network that allows business owners to reward customers with gifts to other neighborhood establishments. Founded in Brookline, Massachusetts, Nift currently operates in the Boston area.
1 min read · 17 May 2016
Electrical Components International, Inc., a portfolio company of KPS Capital Partners, agreed to acquire Whitepath Fab Tech, Inc., which supplies components and assembly services to the heaving, ventilation and air conditioning industry. Financial terms were not disclosed. A syndicate of banks and institutional investors, led by BofA Merrill Lynch, will provide financing.
4 min read · 17 May 2016
Private equity firm Pine Brook led a line of equity financing arrangement for Accelerate Resources Holdings, LLC, a Dallas-based E&P company pursuing energy assets in U.S. oil and gas basins. Accelerate president and CEO Brennan Potts has previously led business development for PE-backed energy companies, most recently Titanium Exploration Partners.
2 min read · 17 May 2016
American Capital, Ltd. sold eLynx Holdings Inc. to Black Knight Financial Services, Inc. for $115 million. ELynx is a software platform for document and data sharing in the mortgage industry. Black Knight provides technology, data and analytics services for the mortgage loan lifecycle. Investment bank Lincoln International acted as financial advisor to American Capital and eLynx.
2 min read · 17 May 2016
To wrap up your Monday, the Treasury Department finally spilled the beans on Saudi Arabia's ownership of U.S. debt. Google unveiled a new sharing feature, and Facebook moved to confront its competitor even more directly.
1 min read · 16 May 2016
