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.
Bicycle Therapeutics said June 1 it closed a 40 million pound ($51.4 million) Series B financing round led by Vertex Ventures HC. New investors Cambridge Innovation Capital and Longwood Fund also participated in the round, while existing investors Novartis Venture Fund, SROne, SVLS and Atlas Venture took part. Bicycle Therapeutics, of Cambridge, England, is a biotechnology company.
4 min read · 01 June 2017
Atlas Venture said June 1 that Kevin Bitterman is joining the firm as a partner. Bitterman was previously a partner with Polaris Partners.
2 min read · 01 June 2017
CVC Capital Partners said June 1 that it latest flagship fund for private equity investments in Europe and North America closed at its hard cap of 15.5 billion euros ($17.4 billion). Including commitments from CVC and its employees, Fund VII will have over 16 billion euros ($18 billion) to invest.
1 min read · 01 June 2017
SK Capital Partners said June 1 that it has acquired a majority of Tri-Tex Co Inc through a recapitalization. Financial terms weren’t announced. Tri-Tex, of Canada, is a specialty chemicals manufacturer. CIBC provided debt financing for the transaction. Morgan, Lewis & Bockius LLP served as legal counsel to SK Capital for the transaction. CIBC Mid-Market Investment Banking provided financial advice to Tri-Tex.
3 min read · 01 June 2017
SK Capital Partners said June 1 that it closed its buy of D.B. Western Inc – Texas. Financial terms weren’t announced. D.B., of La Porte, Texas, produces formaldehyde and derivatives. Morgan, Lewis & Bockius served as legal counsel to SK Capital, while Lincoln International acted as financial adviser. Tonkon Torp acted as legal counsel and Capstone Partners served as financial adviser to D.B. Western, Inc – Texas.
3 min read · 01 June 2017
Vista Equity Partners has put Omnitracs up for sale, the Wall Street Journal is reporting. Vista has tapped Evercore Partners and Atlas Technology Group to run the Omnitracs auction, the story said. Omnitracs, a fleet management software maker, produces about $115 million EBITDA and about $400 million in 2017 revenue, the WSJ said. Omnitracs could sell for $2 billion; the process is in the early stages, the story said.
1 min read · 01 June 2017
2 min read · 31 May 2017
Partners Group said May 31 that it has acquired a substantial minority stake in Green Tea Restaurant. Financial terms weren’t announced. Green Tea founders continue to hold the remainder of the equity. Green Tea is a casual dining restaurant chain in China, with 78 restaurants spread across 19 cities.
3 min read · 31 May 2017
Softvision LLC, a Tower Arch Capital portfolio company, said May 31 that it has acquired Momentus Software. Financial terms weren’t announced. Momentus, of Vancouver, is a technology agency offering a research & development lab, solutions consultancy, and technology delivery.
2 min read · 31 May 2017
1-800-FLOWERS.COM Inc said May 30 that it closed the sale of Fannie May Confections Brands Inc to Ferrero International SA for $115 million. The deal was announced in March.
4 min read · 31 May 2017
