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.
Sparrho said July 11 that it has raised a pre-series A round of $3 million led by White Cloud Capital. Also participating were AllBright and Beast Ventures. Sparrho, of London, provides a science discovery and curation platform that provides access to over sixty million research papers, patents and publications.
3 min read · 11 July 2017
Process Sensing Technologies, a Battery Ventures portfolio company, has agreed to buy Rotronic AG. Financial terms weren’t announced. Rotronic, of Switzerland, develops and makes humidity- and temperature-measurement solutions.
3 min read · 11 July 2017
Darktrace said July 10 that it has raised a $75 million Series D financing round led by Insight Venture Partners. Also participating were existing investors Summit Partners, KKR and TenEleven Ventures. Darktrace, of San Francisco, is a machine learning company.
3 min read · 11 July 2017
Industrial Opportunity Partners LLC said July 11 that it’s third fund raised $450 million, surpassing its $400 million target. Investors of Industrial Opportunity Partners III LP include university endowments, foundations, insurance companies, pension plans, and funds-of-funds. IOP, of Evanston, invests in middle-market manufacturing and distribution businesses with revenues typically between $30 million and $350 million. Park Hill Group LLC and Sidley Austin LLP served as placement agent and legal counsel, respectively, to Fund III.
2 min read · 11 July 2017
Pelican Energy Partners said July 10 that it sold Multilift to Forum Energy Technologies effective July 3rd. Financial terms weren't announced. Multilift, of Houston, provides downhole sand protection tools associated with electric submersible pumps and other artificial lift systems.
2 min read · 10 July 2017
Mergermarket Group said July 10 that it has re-launched under the brand name Acuris. BC Partners recently agreed to sell a 30 percent stake of Acuris, a New York data company, to GIC.
2 min read · 10 July 2017
H.I.G. Capital said July 10 that it has acquired BIC Graphic North America, and its affiliated Asia sourcing operations, from Société BIC SA. Financial terms weren’t announced. BIC Graphic, of Clearwater, Florida, specializes in customized writing instruments, hard goods and calendars.
3 min read · 10 July 2017
Pamlico Capital has invested in Becker's Healthcare. Financial terms weren’t announced. Founder Scott Becker, along with President and CEO Jessica Cole will continue to own a stake. Becker’s, of Chicago, is an information and media platform in the healthcare sector. Becker’s was represented by JEGI and Patzik, Frank & Samotny Ltd. Moore & Van Allen provided legal advice Pamlico.
3 min read · 10 July 2017
United Group, which is backed by KKR and the European Bank for Reconstruction and Development, has agreed to buy the Croatian and Slovenian media portfolio owned by CME. Financial terms weren’t announced. The portfolio of assets includes TV channels in Slovenia and Croatia.
3 min read · 10 July 2017
2 min read · 07 July 2017
