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.
Flare Capital Partners said March 25 that Parth Desai has joined as a senior associate. Desai joins Flare Capital from the investment team at New York-Presbyterian Ventures.
3 min read · 25 March 2019
Cybex said March 25 that it raised $18 million in funding led by Qualcomm Ventures LLC and Inven Capital. Existing investors Norwest Venture Partners, Glilot Capital Partners, Flint Capital, and OurCrowd also participated in the round. Cybex, of Boston, is an industrial cybersecurity company.
5 min read · 25 March 2019
By Light Professional IT Services LLC, a portfolio company of Sagewind Capital, said March 25 that it acquired Phacil. Financial terms weren’t announced. Phacil, of McLean, Virginia, is a diversified software, cybersecurity, systems engineering and managed services provider to the US Government.
3 min read · 25 March 2019
OpCapita said March 25 that agreed to buy a majority of Maurices. The transaction has an enterprise value of $300 million. Ascena retail group inc, the parent, is retaining a stake. Maurices, of Duluth, Minnesota, is a specialty hometown retailer that aims to bring affordable, versatile, and flattering clothing to women in small towns across the U.S. and Canada. PJ Solomon provided financial advice to OpCapita, while Clifford Chance US LLP acted as it its legal counsel. Guggenheim Securities is financial adviser to ascena and Proskauer Rose LLP is serving as its legal counsel.
4 min read · 25 March 2019
Thermo Fisher Scientific Inc said March 24 that it is buying Brammer Bio for approximately $1.7 billion in cash. Ampersand Capital Partners is the seller. Brammer Bio is a viral vector contract development and manufacturing organization.
5 min read · 25 March 2019
Brookfield Renewable Partners and its institutional partners is investing $750 million in TransAlta Corp. TransAlta and Brookfield plan to work together to complete TransAlta's transition to clean energy. TransAlta owns, operates and develops a fleet of electrical power generation assets in Canada, the United States and Australia.
10 min read · 25 March 2019
OMERS Ventures said March 25 that it launched a 300 million euro ($339.2 million) venture fund in Europe to invest in technology startups. Harry Briggs has joined as a managing partner. Briggs is a former BGF and Balderton Capital executive.
3 min read · 25 March 2019
Hunt Capital Holdings said March 25 that it acquired Peak 8 Asset Management. Financial terms weren’t announced. Peak 8, of Greenwich, Connecticut, is an asset management firm focused on alternative fixed income investments. Peak 8’s investment professionals, including its president, David Moran, will remain employed by the firm.
2 min read · 25 March 2019
TSG Consumer Partners said March 25 that it opened an office in London, it’s first outside the U.S. Beth Pickens has joined TSG as a principal in London. Pickens is a former managing director and head of European consumer banking at William Blair.
3 min read · 25 March 2019
Luminous Ventures said March 25 that it named John Spindler as a venture partner. Spindler is the CEO of Capital Enterprise and founder, general partner of AI Seed.
2 min read · 25 March 2019
