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.
GlobeLTR Energy Inc has changed its name to Gravity Oilfield Services. Gravity, which provides services to upstream oil and natural gas companies operating throughout the United States, is a portfolio company of Clearlake Capital Group.
3 min read · 27 September 2017
Kyriba said Sept. 27 that it raised a $45 million financing round led by Sumeru Equity Partners. Existing investors Bpifrance, Iris Capital, Daher Capital and HSBC also participated. Kyriba, of New York, provides cloud treasury and financial management solutions.
3 min read · 27 September 2017
Alex Stirling has left Carlyle Group to join Centerbridge Partners, Private Equity News reports. Stirling has joined Centerbridge as one of five senior managing directors based in the firm’s London office, the story said. Sterling, a senior dealmaker, left after a decade at Carlyle, the story said.
1 min read · 27 September 2017
Maven Capital Partners has invested 1 million pounds ($1.34 million) in hedgehog lab Limited. Hedgehog lab, of Newcastle, U.K., is a mobile app designer and technology consultancy.
3 min read · 27 September 2017
1 min read · 26 September 2017
Sentinel Capital Partners said Sept. 26 that it sold WellSpring Consumer Healthcare. Financial terms and a buyer weren’t announced. WellSpring Consumer manages a portfolio of consumer healthcare brands including Emetrol, Bonine, Bactine, GlaxalBase, and FDS.
3 min read · 26 September 2017
Temasek, the Singaporean sovereign wealth, is expected to acquire a minority stake in talent agency CAA, the New York Times DealBook is reporting. TPG will remain the agency’s biggest shareholder, Dealbook said. Financial terms weren’t announced. The deal is expected to be announced today.
1 min read · 26 September 2017
Yotel said Sept. 26 that Starwood Capital Group has committed to invest $250 million for a 30 percent stake in the company. Yotel, a provider of affordable hotels, currently operates four airport hotels under the Yotelair brand in London Gatwick, London Heathrow, Amsterdam Schiphol and Paris, Charles de Gaulle airports; and three city hotels in New York, Boston and Singapore.
4 min read · 26 September 2017
Envestnet said Sept. 25 that it will buy FolioDynamix for $195 million. Actua Corp is the seller. FolioDynamix, of Secaucus, New Jersey, provides financial institutions, registered investment advisors, and other wealth management clients with technology software. J.P. Morgan Securities LLC provided financial advice to Envestnet, while Mayer Brown LLP served as legal counsel to Envestnet. Evercore is serving as financial advisor and Dechert LLP is serving as legal counsel to Actua.
7 min read · 26 September 2017
Francisco Partners has made a growth investment in Availity. Financial terms weren’t announced. Availity, of Jacksonville, Florida, is a health information network. Piper Jaffray provided financial advice to Availity, while Taft Stettinius & Hollister LLP served as legal advisor. Kirkland & Ellis LLP acted as legal advisor to Francisco Partners.
3 min read · 26 September 2017
