Private Equity
This week's top roles include a capital markets associate at Apollo, a VP for portfolio management at Carlyle and a VC business development manager at Amazon.
2 min read · 16 May 2016
Virtual reality-focused venture capital firm Rothenberg Ventures agreed to provide an undisclosed amount of funding and strategic advice to VR engagement and delivery platform Zeality. Paraag Marathe, chief strategy officer and vice president of football operations for the San Francisco 49ers, also contributed funding. The team has been working with Zeality on a VR production. In addition, Jason Khalipa, owner of the corporate wellness program NC Fit and an eight-time CrossFit Games athlete, participated in the round. This is the company's first round of funding.
1 min read · 16 May 2016
AT&T agreed to acquire Quickplay Media, Inc. from Chicago-based PE firm Madison Dearborn Partners. Quickplay provides managed services for the distribution of multi-screen video to IP-connected devices. The deal is subject to pre-merger review in the U.S. and Canada. Financial terms were not disclosed.
4 min read · 16 May 2016
Nuveen Investments, an operating division of TIAA Global Asset Management, appointed Bill Stout as managing director and head of alternative investments business development, a newly created role. Stout was most recently a managing director at Corsair Capital Management.
4 min read · 16 May 2016
Victory Park Capital committed $25 million to Chicago-based private lender Renovo Financial, which serves real estate investors who manage residential properties. Renovo was co-founded in 2011 by Chicago PE firm Granite Creek Partners.
3 min read · 16 May 2016
Navitas Midstream Partners, LLC agreed to purchase natural gas from Encana Oil & Gas (USA) Inc. Texas-based Navitas, which is backed by Warburg Pincus, will also construct new processing facilities and other infrastructure.
3 min read · 16 May 2016
Private equity firm Welsh, Carson, Anderson & Stowe agreed to provide financing to InnovAge, a senior care company with locations in Colorado, New Mexico and California, which is converting from nonprofit to for-profit. Net proceeds from the sale of InnovAge assets—$196 million, plus a potential $8 million earn out in 2018—will be used to fund The NextFifty Inititive, a Colorado elder care foundation.
4 min read · 16 May 2016
Big news at the end of the week on the self-driving car front for Apple and BMW. Meanwhile Swift has been hacked again, and Pfizer is taking a stand against the death penalty.
1 min read · 13 May 2016
Pinetree Capital Ltd. appointed Susan E. Fox as chief financial officer. Fox has served as CFO at several small and medium-sized companies. She succeeds Carmelo Marrelli, who has resigned. Marrelli Services Ltd. will still provide accounting services to the Pinetree.
1 min read · 13 May 2016
Beacon Rail Leasing agreed to acquire Ascendos Rail Leasing S.à r.l., a European locomotive and rolling stock leasing company. Beacon, which serves the UK and continental European markets, is owned by Pamplona Capital Management through Pamplona Capital Parters III, LP.
3 min read · 13 May 2016
