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.
Blameless said March 20 that it raised $20 million in funding from Lightspeed Venture Partners and Accel, as well as strategic investors. Blameless is a site reliability engineering company.
3 min read · 20 March 2019
Iterable said March 20 that it raised $50 million in Series C funding. Blue Cloud Ventures, CRV, Harmony Partners, Index Ventures and Stereo Capital participated in the round. Iterable is a growth marketing platform for cross-channel customer engagement.
2 min read · 20 March 2019
Orchid Underwriters Agency LLC, a TowerBrook Capital Partners portfolio company, said March 20 that John L. Lumelleau has joined as chairman. Lumelleau succeeds Steve Carlsen who will remain on the board and will lead a newly created underwriting committee. Lumelleau previously served as the CEO of Lockton Cos.
3 min read · 20 March 2019
JMP Group LLC said March 20 that it sold 50.1 percent of JMP Credit Advisors LLC to Medalist Partners LP and 4.9 percent to management employees. JMP Group will retain 45 percent. JMPCA was renamed Medalist Partners Corporate Finance LLC. Based out of Atlanta, Medalist Partners is an RIA that manages three CLOs with $1.2 billion in combined assets.
4 min read · 20 March 2019
Edison Partners said March 20 that it led a $26 million funding round for NS8, an ecommerce security and website performance company.
4 min read · 20 March 2019
SigFig said March 20 that Anne Morrissey was named CFO. Morrissey has nearly a decade of financial services experience with JPMorgan Chase & Co and Salomon Smith Barney, while also working at Fitbit and LeapFrog, as well as Yahoo!'s investor relations division.
2 min read · 20 March 2019
MC Group, an Arcapita portfolio company, said March 20 that it acquired Coastal Signage + Wayfinding. Financial terms weren’t announced. Coastal Signage + Wayfinding, of Oceanside, California, provides signage, graphics as well as fixtures and displays for customers.
2 min read · 20 March 2019
Carlyle Group said March 19 that Christopher Finn was named chief operating officer. Finn has served as chief operating officer of Carlyle’s corporate private equity and global credit business segments and took the position of global head of operations in January 2018.
2 min read · 20 March 2019
Temasek Holdings Pte has promoted Dilhan Pillay Sandrasegara to CEO effective April 1, according to press reports. Pillay, currently deputy chief executive, will succeed Lee Theng Kiat, who will replace Ho Ching as chairman on the same day, the story said.
1 min read · 20 March 2019
Kroger Co said March 19 that it agreed to sell its Turkey Hill business to Peak Rock Capital. Financial terms weren’t announced. Peak Rock has agreed to continue operating the Turkey Hill business out of its Conestoga, Pennsylvania facility with its nearly 800 associates and under the same Turkey Hill brand.
2 min read · 20 March 2019
