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.
Melinda Barber is leaving Harvard University’s endowment, Bloomberg is reporting. Barber is a managing director at Harvard where she focuses on private equity. She is joining Pilot House Associates, which manages money for billionaire Amos Hostetter Jr, the story said.
1 min read · 07 March 2018
To start off your morning, Jeff Bezos takes the top spot on Forbes' world's billionaires list, BlackBerry is suing Facebook for patent infringement and Gary Cohn resigns as Trump's top economic adviser.
1 min read · 07 March 2018
Ace Gathering Holdings LLC, a Rock Hill Capital portfolio company, said March 6 that it closed its buy of Recoil Energy Systems LLC. Financial terms weren’t announced. Recoil, of Abilene, Texas, provides oil reclamation services including tank cleaning, oil recovery, oilfield waste fluid handling and disposal services throughout the Permian Basin for salt water disposal wells, crude oil production tanks and pipelines.
3 min read · 06 March 2018
The CapStreet Group said March 6 that it closed the sale of portfolio company, Gulf Stream Marine Inc, to Logistec Corp. Gulf Stream provides cargo handling, stevedoring and marine terminal operations in the U.S. Gulf Coast region. BB&T Capital Markets LLC served as financial adviser to GSM, while Willkie Farr & Gallagher LLP acted as legal counsel.
3 min read · 06 March 2018
RCG Ventures said March 6 that Wilkes Graham has joined the firm as chief financial officer. Graham was previously with Compass Point Research & Trading LLC where he was a director of research and a senior sell-side equity research analyst. RCG Ventures is an affiliate of Argonne Capital Group.
3 min read · 06 March 2018
MyCheck said March 6 that it has been acquired by O.G. Tech Ventures. Financial terms weren’t announced. MyCheck is the mobile payment technology provider for the hospitality industry. O.G. Tech Ventures is the tech investment VC fund of Eyal Ofer’s Ofer Global group.
3 min read · 06 March 2018
TeraPore Technologies said March 6 that it completed a $6 million series A round led by Anzu Partners. RA Capital Management, Artiman Ventures and Wilson Sonsini Goodrich & Rosati also participated. TeraPore, of South San Francisco, develops advanced nanofiltration membrane systems for bioprocess and other applications.
4 min read · 06 March 2018
Jane Street Group LLC has acquired a minority stake in McKay Brothers. Financial terms weren’t announced. McKay designs, builds and operates telecom networks and market data services for latency sensitive traders and risk managers of banks, funds and trading firms. Other McKay investors include IMC, Tower Research Capital, Susquehanna International Group and XR Trading.
3 min read · 06 March 2018
Camera IQ said March 6 that its seed round closed at $4.3 million. The round, led by Shasta Ventures, also included participation from Betaworks, Homebrew and WndrCo. Camera IQ, of Santa Monica, California is a camera experience manager.
1 min read · 06 March 2018
Verodin said March 6 that Major General Earl D. Matthews, U.S. Air Force (Ret.), has joined the company as a senior vice president and chief strategy officer. Matthews previously served as vice president and general manager of enterprise security solutions for DXC Technology. Verodin is backed by Blackstone, Rally Ventures, Crosslink Capital and Cisco Investments
2 min read · 06 March 2018
