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.
Apollo Global Management is eyeing a buy of Tronc Inc, the publishing company that owns that owns the New York Daily News and Chicago Tribune, the New York Post reported April 12. Apollo has kindled talks with Tronc’s management despite the fact the company is trying to sell the Los Angeles Times and San Diego Union-Tribune, the story said. A few other prospective acquirers, including at least one media buyer, are in discussions with Tronc, the NY Post said.
1 min read · 13 April 2018
Onapsis said April 13 that it raised a $31 million Series C round led by LLR Partners. Existing institutional investors .406 Ventures, Evolution Equity Partners and Arsenal Venture Partners also participated. Onapsis, of Boston, provides cybersecurity software that automates monitoring and protection of SAP and Oracle ERP and other applications.
4 min read · 13 April 2018
PeakEquity Partners has invested more than $40 million in Xeeva Inc. Xeeva, of Madison Heights, Michigan, provides intelligent procurement and sourcing software.
3 min read · 12 April 2018
Zaius said April 12 that it raised a $30 million Series B round led by Insight Venture Partners. Previous investors Matrix Partners, Underscore VC and Leaders Fund also participated in the round. Zaius, of Boston, provides a CRM for B2C marketers.
4 min read · 12 April 2018
HCL Technology and Sumeru Equity Partners have agreed to buy Actian Corp for $330 million. HCL will own 80 percent while Sumeru Equity will have about 20 percent of the joint venture that owns the company. Actian, of Palo Alto, California, provides data management, analytics and integration services. Adam Phillips lead the Kirkland & Ellis team that represented Sumeru Equity.
5 min read · 12 April 2018
Maven Capital has invested 250,000 pounds ($308,353) in Muss Media Ltd, which is known as Muss Styling. Muss Styling, of the U.K., is an automotive styling centre.
4 min read · 12 April 2018
Accel-KKR has acquired Salsa Labs. Financial terms weren’t announced. Salsa Labs, of Bethesda, Maryland, provides SaaS software for nonprofits. Madison Park Group advised Salsa Labs.
3 min read · 12 April 2018
ICP Construction, a division of the ICP Group, has acquired Pli-Dek Systems Inc. Financial terms weren’t announced. Pli-Dek, of Murrieta, California, makes speciality coatings for the building industry. ICP is a portfolio company of Audax Private Equity.
3 min read · 12 April 2018
JR Automation has acquired Setpoint Systems and Setpoint Inc in separate sales. Financial terms weren’t announced. JR Automation is a portfolio company of Crestview Partners. Setpoint Systems, of Littleton, Colorado, provides automation solutions while Setpoint Inc, of Ogden, Utah, designs and implements custom rides and attractions for amusement and theme parks. D.A. Davidson & Co advised both Setpoints.
3 min read · 12 April 2018
DFDS has agreed to buy 98.8 percent of U.N. Ro-Ro for 950 million euros ($1.2 billion). Actera Group and Esas Holdings were the sellers. U.N. Ro-Ro, of Istanbul, operates five freight shipping routes in the Mediterranean between Turkey and the EU. Led by partner David Arnold and associate Amelia Doughty, Kirkland & Ellis advised Actera Group and Esas Holdings.
4 min read · 12 April 2018
