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.
1 min read · 12 October 2017
1 min read · 11 October 2017
L Catterton has acquired Uncle Julio’s. Financial terms weren’t announced. J.H. Whitney & Co LLC is the seller. Uncle Julio’s, of Dallas, is a Mexican restaurant chain. J.H. Whitney invested in Uncle Julio’s in 2011.
3 min read · 11 October 2017
European Wealth Group said Oct. 10 that it is buying Newbridge Securities and its affiliate, Newbridge Financial Services Group Inc. Financial terms weren’t announced. Newbridge Securities is a broker-dealer while Newbridge Financial, of Boca Raton, Florida, is a registered investment adviser.
9 min read · 11 October 2017
Arcapita and Bahrain Mumtalakat Holding Company said Oct. 11 that they have acquired a 90 percent stake in NAS United Healthcare Services. Financial terms weren’t announced. NAS, of Abu Dhabi, provides third-party administrator services to more than 40 health insurance and takaful companies in the Arabian Gulf (GCC) region.
4 min read · 11 October 2017
Ometria has raised $6 million in series A funding. Strategic investors include Summit Action, Sonae IM and Samos Investments and Adjuvo. Also taking part in the round were: Sir George Buckley, chairman of Black & Decker; Lance Batchelor, CEO of Saga and ex-MD of Amazon; Alan Parker, chairman of Mothercare; and, Matt Cooper, chairman at Octopus Investments. Existing investors also contributed, including fifteen original angels, as did SaatchInvest and Force Over Mass Capital. Ometria provides an AI-powered customer marketing platform.
3 min read · 11 October 2017
Pontifax AgTech Management said Oct. 11 that its first fund closed on $105 million in commitment. Investors of Pontifax Global Food and Agriculture Technology include financial institutions, university endowments, investment firms, large-scale growers and family offices. Pontifax AgTech, of Santa Monica, California, invests in the food and agriculture sector. In September, the firm sold Blue River Technology to John Deere for $305 million.
2 min read · 11 October 2017
Halyard Capital said Oct. 11 that it has sold its portfolio company, Practice Insight. A buyer wasn’t disclosed. Practice Insight, of Houston, is a software-as-a service revenue cycle management platform. Harris Williams & Co provided financial advice to Practice Insight, while Andrews Kurth Kenyon LLP was their legal adviser.
2 min read · 11 October 2017
Carlyle Group has invested in Supreme, a New York clothing brand and skateboard shop, according to Women’s Wear Daily. Carlyle has acquired a 50 percent stake in Supreme for around $500 million, WWD said. The transaction values Supreme at around $1.1 billon, the story said. A Carlyle spokesman declined comment. Executives for Supreme could not be reached for comment. UPDATE: Goode Partners LLC was an investor of Supreme and sold its stake to Carlyle, a source said.
1 min read · 10 October 2017
2 min read · 10 October 2017
