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.
Alpine Investors said April 12 that it invested in Comniscient Technologies LLC. Financial terms weren’t announced. Comniscient, of Boston, provides telecom data analytics software and insights. Mooreland Partners advised Comlink on the sell-side.
2 min read · 12 April 2018
Rand Capital Corp said April 12 that Erland Kailbourne was named chairman of the board effective immediately. Robert M. Zak will remain as vice chairman. The appointment follows the death of Reginald B. Newman II, Rand’s chairman, who passed away on April 6.
3 min read · 12 April 2018
Unifi Manufacturing Inc, a unit of Unifi Inc, said April 12 that it agreed to buy the dyed yarn business and assets of National Spinning Co Inc. Financial terms weren’t announced.
5 min read · 12 April 2018
Enterprise Therapeutics Ltd said April 12 that it raised 29 million pounds ($41 million) in a Series B round co-led by Versant Ventures and Novartis Venture Fund. The syndicate also included new investor Forbion, founding investor Epidarex Capital and existing investor IP Group. Enterprise Therapeutics Ltd is a biopharmaceutical company that is developing therapies for the treatment of respiratory diseases.
3 min read · 12 April 2018
Fiserv said April 11 that it named Kim Crawford Goodman president of its Card Services unit. Goodman most recently served as CEO of Worldpay. Vantiv in 2017 agreed to buy WorldPay for $10 billion.
2 min read · 12 April 2018
Thrive, a portfolio company of M/C Partners, said April 12 that it has completed a merger with BizCompass. Financial terms weren’t announced. BizCompass, of Westbrook, Maine, is a managed services provider (MSP) serving the greater Portland area.
3 min read · 12 April 2018
The Private Fund Group of Credit Suisse Asset Management has formed a directs & co-investments group. The unit will advise and assist PFG clients in the structuring and placement of private direct investments into the institutional investor market. Paul Van Hook, a managing director, will lead the group. Imran Hameed has also joined the group as a director. Hameed was previously with Mercury Capital Advisors.
3 min read · 12 April 2018
Smarte Carte, a portfolio company of 3i Group, has acquired Aviation Mobility LLC. Financial terms weren’t announced. Aviation Mobility, of Charlotte, North Carolina, provides legally mandated wheelchairs for the commercial aviation sector.
1 min read · 12 April 2018
Ardian said April 12 that it second growth equity fund closed on 230 million euros ($283.3 million). Fund II is three times bigger than its first fund, which collected 70 million euros in 2014. Investors of Fund II include European Investment Fund (FEI) and Bpifrance. Ardian Growth Fund II will seek both minority and majority positions, investing up to 25 million euros in fast growing and profitable companies.
3 min read · 12 April 2018
Toys “R” Us Inc has received multiple offers for its Asia business, Bloomberg is reporting. The offers, of over $1 billion, are for the 85 percent stake Toys owns of its Asia unit and would include the intellectual property, the story said. Lazard is advising Toys on the bids with potential buyers including Chinese PE firms; Fung Group, which owns 15 percent of the Asian venture, has also been in talks to buy the stake, Bloomberg said.
1 min read · 12 April 2018
