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.
Panasonic Corp said March 30 that it will launch a new company in April that will mainly invest in U.S. startups with initial investments of around $100 million. Masahiro Kinoshita will be president of Panasonic Ventures.
2 min read · 30 March 2017
Chisholm Oil & Gas LLC and Apollo Global Management LLC have formed a strategic partnership to invest in oil and gas properties in Oklahoma. Chisholm has also acquired 53,000 acres in and around Kingfisher County, Oklahoma with about 3,000 barrels of oil equivalent per day of current production. Apollo has agreed to invest up to $900 million in Chisholm.
4 min read · 30 March 2017
The California Public Employees' Retirement System (CalPERS) said March 29 that it has named Clinton L. Stevenson the investment director of the Investment Management Engagement Programs (IMEP). Stevenson has more than 35 years in the investment industry including 30 years at the Ford Foundation, CalPERS said.
2 min read · 30 March 2017
Boston Scientific is buying Symetis for $435 million in cash. Symetris, of Ecublens, Switzerland, is a medical technology company that makes replacement heart valves.
3 min read · 30 March 2017
PumpMan Holdings LLC, a portfolio company of Soundcore Capital Partners LLC, has completed its buy of Alyan Pump LLC. Financial terms weren’t announced. Alyan, of Folcroft, Pennsylvania, provides custom pump packages, pump system installations, maintenance and repair services for the mid-Atlantic region of the US.
3 min read · 29 March 2017
Twin Bridge Capital said March 29 that Matt Klinger has joined the firm as a principal. He was previously a senior vice president at iCapital Network.
2 min read · 29 March 2017
Morsco Inc, an Advent International portfolio company, said March 28 that it has promoted Mike Swedick to president of the company’s plumbing division.
3 min read · 29 March 2017
Lidya, an online lender based in Nigeria, said March 29 that it raised a $1.25 million seed funding round led by Accion Venture Lab. Newid Capital and several angel investors also participated in the round.
4 min read · 29 March 2017
Blackford Capital has acquired Snowhite Textile & Furnishing Inc. Financial terms weren’t announced. Snowhite, of Addison, Illinois, provides design, procurement, and project management for furniture, fixtures, and equipment to the hospitality industry. Aleutian Capital Group advised Snowhite.
2 min read · 29 March 2017
Great Hill Partners said March 29 that it has sold Legacy.com to Pamplona Capital. Financial terms weren’t announced. Legacy.com, of Evanston, Illinois, provides obituary-related products and services to more than 1,500 newspapers and 3,500 funeral homes in the U.S., Canada, Australia, New Zealand, U.K., and Europe. Moelis & Company LLC provided financial advice to Legacy.com.
2 min read · 29 March 2017
