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.
littleBits has acquired DIY Co. Financial terms weren’t announced. DIY, of San Francisco, provides a free, kid-only online learning community. DIY investors include Kleiner, Perkins, Caufield & Byers, Founder Collective and Spark Capital.
4 min read · 15 August 2018
Backbone PLM said Aug 15 that it raised $8 million in a Series A round led by Signal Peak Ventures. Participants included Grotech Ventures, Spider Capital, Novel TMT Ventures, Beanstalk Ventures, Brainchild Holdings and Peterson Ventures. Backbone PLM provides a cloud-based, collaborative platform that aims to streamline the complex manufacturing process for consumer goods companies.
3 min read · 15 August 2018
New York Media, which owns New York magazine and several websites, is exploring options including a sale, the Wall Street Journal reported. New York Media is controlled by the heirs of Bruce Wasserstein, who bought New York magazine in 2003 for $55 million.
1 min read · 15 August 2018
Canson Capital Partners, the boutique firm that advised Blackstone in its Thomson Reuters deal, has raised $100 million to co-invest alongside the PE group, the Financial Times said. Canson raised the fund, which was 30 percent oversubscribed, in less than four months, the story said.
1 min read · 15 August 2018
Y Combinator has set up a China arm led by former Baidu executive Qi Lu, Bloomberg said. Y Combinator will start its program in China as soon as next summer, the story said.
1 min read · 15 August 2018
2 min read · 14 August 2018
Jefferson River Capital has hired Bill Helm for the newly created role of head of real estate investments, Bloomberg reported. Jefferson River is the family office that invests on behalf of Blackstone vice chairman Tony James, the story said.
1 min read · 14 August 2018
meQuilibrium said Aug. 14 that it raised $7 million in Series C funding led by HLM Venture Partners. Current investors Chrysalis Ventures and Safeguard Scientifics also participated. meQuilibrium, of Boston, is an HR tech company.
3 min read · 14 August 2018
KKR plans to sell 64 million shares of First Data Corp in a secondary offering. Underwriters on the deal have the option to buy another 9.6 million shares. First Data said it would receive none of the proceeds from the sale. KKR acquired First Data in 2007 in a deal valued at $29 billion. First Data, a payments company, went public in 2015.
3 min read · 14 August 2018
Softvision LLC, a portfolio company of Tower Arch Capital, said Aug. 14 that acquired Arrow Digital. Financial terms weren’t announced. Arrow Digital, of West Palm Beach, Florida, provides software development services.
3 min read · 14 August 2018
