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.
Gravity Oilfield Services Inc, a portfolio company of Clearlake Capital Group LP, said March 21 that it acquired certain water disposal infrastructure from MBI Oil & Gas LLC. Financial terms weren’t announced.
2 min read · 21 March 2019
Alvarium Investments, formerly LJ Partnership, said March 21 that it acquired Iskander. Financial terms weren’t announced. Iskander, of France, is an asset manager dedicated to large private investors. Separately, Alvarium is part of Queensgate Investments, which this week acquired four Grange Hotels in Central London in a deal valued at around 1 billion pounds.
4 min read · 21 March 2019
To start your morning, we have news that New Zealand is banning assault rifles, Levi Strauss is valued at $6.6 billion as its IPO prices above target, and Fortnite has nearly 250 million registered players.
1 min read · 21 March 2019
Ease said March 19 that it raised $19 million in a Series B round led by Centana Growth Partners. Propel Venture Partners, Compound Ventures, Freestyle Capital and Upside Partnership participated in the round. Ease, of San Francisco, provides HR and benefits software for SMBs, insurance brokers and insurance carries. Ease first two hires are Petar Nedyalkov as chief operating officer and Toshi Kureha as vice president Engineering.
4 min read · 21 March 2019
Pleatco, a portfolio company of Align Capital Partners, said March 18 that it acquired APEL International and Milton Manufacturing. Financial terms weren’t announced. APEL, of Louisville, Kentucky, designs and makes pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications. Milton, of Milton, Ontario, provides spun bond, paper, felt, and pleated bag filters for OEM customers.
3 min read · 20 March 2019
Liz Lippert has joined Bain & Co. Lippert was previously a partner with The Parthenon Group.
3 min read · 20 March 2019
David Hoverman has joined Bain & Co as a partner in its private equity practice. Previously, Hoverman was the San Francisco office head and a member of the private equity practice at Parthenon.
3 min read · 20 March 2019
Primus Capital has invested in Harmony Healthcare IT. Financial terms weren’t announced. Harmony, of South Bend, Indiana, provides a data management platform providing a single point of access to historical patient, employee or business data for healthcare enterprises. Brentwood Capital provided financial advice.
3 min read · 20 March 2019
AppDetex said March 20 it raised $10 million in Series B equity financing led by First Analysis. Existing investors including EPIC Ventures and Origin Ventures participating in the round. AppDetex, of Boise, Idaho, provides digital risk protection.
3 min read · 20 March 2019
Starbucks Corp said March 20 that it is investing $100 million in a fund from Valor Equity Partners. Valor Siren Ventures I LP, which is looking to raise another $300 million, will identify and invest in companies who are developing technologies, products, and solutions relating to food or retail.
10 min read · 20 March 2019
