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.
Silvernest said June 22 that it raised $1.3 million in seed funding. Investors include venture capital and angel investors, such as Halogen Ventures, 1843 Capital, Rockies Venture Club, Investor’s Circle and 500 Startups. Silvernest, of Denver, provides an online roommate-matching service that pairs boomers, retirees, empty nesters and other aging adults with compatible long-term housemates.
3 min read · 22 June 2017
Hilltop Private Capital and KCB Private Equity have acquired Spiral Binding. Financial terms weren’t announced. Spiral, of Totowa, New Jersey, makes and distributes print finishing, graphic arts, and presentation equipment, supplies and services, including binding, laminating, paper handling, photo finishing and custom imprint services. TCF Funding and QS Strategies provided debt capital.
3 min read · 22 June 2017
Callcredit Information Group, a portfolio company of GTCR, has acquired the Confirma group of companies. Financial terms weren’t announced. Confirma group, of Madrid, include Confirma Sistemas and Soluciones Confirma, which specialize in fraud prevention and anti-money laundering (AML) software solutions. BDO Spain advised CallCredit while Écija was their legal adviser.
3 min read · 21 June 2017
Sverica Capital Management said June 21 that it has acquired iWave Information Systems Inc. Financial terms weren’t announced. Jamie Hill, iWave’s former CEO, is the seller. iWave, of Charlottetown, Prince Edward Island, Canada, bundles philanthropic and wealth data for researchers, fundraisers and other development professionals.
3 min read · 21 June 2017
Lee Equity Partners has put Eating Recovery Center LLC up for sale, the Wall Street Journal is reporting. Moelis & Co is advising on the sale. Eating Recovery, of Denver, is an eating disorders treatment center. Eating Recovery is projected to produce about $45 million in 2017 EBITDA, the story said.
1 min read · 21 June 2017
TPG is seeking $3 billion for its fourth growth equity fund, Bloomberg is reporting. TPG plans to start fundraising this year, the story said. The amount is the same raised by TPG’s third growth fund, which collected $3 billion in 2016. TPG’s growth unit has invested in Uber and Airbnb, Bloomberg said.
1 min read · 21 June 2017
RoundTable Healthcare Partners said June 20 that it invested in Deerland Enzymes & Probiotics. Financial terms weren’t announced. Deerland, of Kennesaw, Georgia, developes, formulates and makes enzyme- and probiotic-based dietary supplements. Sidley Austin LLP was the legal adviser to RoundTable. Preti Flaherty Beliveau & Pachios LLP and McCann Fitzgerald acted as legal advisors to Deerland and its shareholder.
4 min read · 21 June 2017
Hamilton Lane said June 20 that it has agreed to buy Real Asset Portfolio Management LLC. Financial terms weren’t announced. Real Asset, of Portland, Oregon, is an investment management firm that manages or advises on approximately $3.8 billion of real asset investments.
4 min read · 20 June 2017
Glencoe Capital Management LLC said June 19 that it has acquired Robert Rothschild Farm. Financial terms weren’t announced. Robert Rothschild, of Urbana, Ohio, specializes in gourmet sauces, dips and spreads.
3 min read · 20 June 2017
Resurgens Technology Partners and HarbourVest Partners have invested in Investment Metrics. Financial terms weren’t announced. Investment Metrics, of Darien, Connecticut, provides investment performance analytics and reporting solutions for institutional consultants, asset managers and private wealth advisors. Marlin & Associates advised Investment Metrics.
3 min read · 20 June 2017
