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.
ParkerGale Capital said Sept. 15 that Cici Zheng has joined the firm as a principal. Zheng was previously with Bain & Company where she was a case team leader.
2 min read · 18 September 2017
HighRadius Corp said Sept. 15 that it raised $50 million in growth funding from Susquehanna Growth Equity. HighRadius, of Houston, provides cloud-based integrated receivables software.
3 min read · 18 September 2017
ArchiMed said Sept. 18 that it closed its Med II fund at its hard cap of 315 million euros ($376.2 million). ArchiMed’s second fund attracted commitments from nearly 30 investors, mainly from the United States and Europe. ArchiMed invests in all healthcare sectors, including medtech, biopharma, care services and preventive healthcare. ArchiMed, of Lyon, France, was formed in 2014 by former 3i healthcare executives.
2 min read · 18 September 2017
Revelstoke Capital Partners said Sept. 18 that Russell J. Cassella has joined as a partner. Cassella was previously a partner with GCM Grosvenor.
2 min read · 18 September 2017
1 min read · 15 September 2017
1 min read · 15 September 2017
Tiger Infrastructure said Sept. 14 that it agreed to buy Danskammer Energy LLC from Mercuria Energy Group. Agate Power is also investing. Financial terms weren’t announced. Danskammer Energy owns Danskammer Generation Station, a 500 MW gas-fired power plant located near Newburgh, New York.
2 min read · 15 September 2017
Periscope Equity LLC said Sept. 14 that it sold MicroMass Communications Inc to UDG Healthcare plc for $75.8 million. MicroMass, of Cary, North Carolina, is a healthcare communications agency.
2 min read · 15 September 2017
TrueCommerce, a portfolio company of Accel-KKR, has acquired Datalliance. Financial terms weren’t announced. Datalliance, of Cincinnati, provides technology and services to support collaborative replenishment programs.
3 min read · 15 September 2017
KKR, which is in talks for $3 billion in New York City pension fund money, has agreed not to take any piece of the investment’s gain until it surpasses a minimum threshold, the New York Post is reporting. It was not clear what the threshold was but New York City Comptroller Scott Stringer’s office targets a 7 percent annual return, the NY Post said. The deal would mark the first time KKR received NYC pension cash.
1 min read · 15 September 2017
