I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Wafra Inc and Landmark Partners LLC have acquired a passive, minority stake in Siris Capital Group LLC. Financial terms weren’t announced. Siris, of New York, is tech-focused private equity firm. Goldman Sachs & Co LLC and Berkshire Global Advisors advised Siris on the transaction. Kirkland & Ellis LLP served as legal counsel to Siris. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Wafra.
3 min read · 03 April 2019
Coretelligent, a portfolio company of VSS, said April 3 that it acquired United Technology Group LLC. Financial terms weren’t announced. United Technology Group provides co-managed technology services, including cybersecurity, professional services, hardware and software sourcing.
4 min read · 03 April 2019
The SEC said April 2 that it charged Daniel Mattes, the former CEO of Jumio Inc, with defrauding investors. Mattes has agreed to pay more than $17 million to settle charges. Mattes grossly overstated Jumio’s 2013 and 2014 revenues and then sold shares he held personally to investors in the private, secondary market, the SEC said in the complaint. Mattes made about $14 million selling his Jumio shares and hid the sales from Jumio’s board, the SEC said. Mattes is barred from being an officer or director of a publicly traded company in the U.S., and has agreed to pay more than $16 million in disgorgement and prejudgment interest plus a $640,000 penalty, the SEC said.
2 min read · 03 April 2019
Monroe Capital LLC said April 3 that it provided a loan to back Insignia Capital Group’s investment in MediaAlpha. Financial terms weren’t announced. MediaAlpha, of Los Angeles, is a marketing technology company.
2 min read · 03 April 2019
Crossplane Capital said April 3 that Katie Oswald joined the firm as director of business development. Oswald was previously a member of the business development team for Gauge Capital.
2 min read · 03 April 2019
Horizon Capital said April 3 that it invested in ResearchBods and Bonamy Finch. Financial terms weren’t announced. Horizon said it combined the companies and formed STRAT7, a customer insights group with software and data analytics capability.
3 min read · 03 April 2019
Hype Sports Innovation said April 3 that Uli Becker, ex-president of Reebok, and Bernd Wahler, former president of VfB Stuttgart, have joined the firm. Hype Sport is also launching a $75 million sports tech fund.
3 min read · 03 April 2019
Clearlake Capital Group LP on April 3 announced several promotions and new additions.
4 min read · 03 April 2019
2 min read · 02 April 2019
Merck said April 1 that it completed its buy of Antelliq Corp from BC Partners. The deal, announced in December, was valued at $2.3 billion.
4 min read · 02 April 2019
