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.
TheStreet Inc said Feb. 14 that it closed the sales of The Deal and BoardEx to Euromoney Institutional Investor PLC. The transaction was announced in December.
3 min read · 14 February 2019
Webster Capital Management said Feb. 13 that it changed its name to Webster Equity Partners.
2 min read · 14 February 2019
Canaccord Genuity Group Inc said Feb. 13 that it acquired Petsky Prunier. Terms of the deal call for Petsky to receive C$40.0 million (US$30.0 million) in cash and C$20.0 million (US$15.0 million) in Cannaccord shares. Petsky will get another C$53.2 million (US$40.0 million) in additional contingent consideration that will be paid in cash over a four-year period subject to meeting certain revenue targets over that period. Petsky Prunier, of New York, is an investment bank focused on mid-market technology, media, marketing, information & services and healthcare industries. All Petsky Prunier partners have entered into employment agreements with Canaccord Genuity.
7 min read · 14 February 2019
Abacus Group, a portfolio company of WestView Capital, closed its buy of Proactive Technologies. Financial terms weren’t announced. Proactive Technologies, of New York, provides IT services exclusively to hedge funds, private equity and other investment firms.
3 min read · 14 February 2019
Idinvest Partners said Feb. 13 that its second growth fund closed on 340 million euros ($383.2 million), surpassing its initial target of 300 million euros. Idinvest focuses on small and medium enterprises across Europe.
2 min read · 14 February 2019
FTV Capital said Feb. 14 that it promoted Richard Liu to principal, while Adam Hallquist and Tyler Krueger were elevated to vice president.
4 min read · 14 February 2019
Excellere Partners said Feb. 12 that it has invested in Sepro Corp. Financial terms weren’t announced. Sepro, of Carmel, Indiana, provides plant protection and plant management products and services that fit specialized market needs.
3 min read · 13 February 2019
HealthDrive, a portfolio company of Bain Capital Double Impact, said Feb. 13 that it agreed to buy New England Geriatrics. Financial terms weren’t announced. New England Geriatrics provides mental health services to underserved geriatric populations in Massachusetts.
3 min read · 13 February 2019
The Institutional Limited Partners Association (ILPA), along with 35 members, sent a letter to the SEC urging the regulator to take action on reduced fiduciary duties in limited partnership agreements. ILPA wants the SEC to ensure that the fiduciary duties are meaningful in the private equity industry.
3 min read · 12 February 2019
WisdomTree Investments Inc, one of the largest independent ETF managers, held sales talks with JPMorgan Chase last year, Bloomberg reported. The discussions ended in December when the partners couldn’t agree on a price, the story said. WisdomTree is no longer actively pursuing a sale.
1 min read · 12 February 2019
