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.
Bregal Sagemount said Feb. 7 that it closed its latest fund at its $960 million hard cap. Bregal Sagemount II LP was oversubscribed and surpassed its $800 million target. Bregal Investments made the largest commitments to Sagemount II. The fund will provide flexible capital and strategic assistance to companies in sectors such as software, digital infrastructure, healthcare IT services, business and consumer services, and financial technology / specialty finance. Goodwin Procter LLP and Dechert LLP acted as legal counsel. MVision Private Equity Advisers acted as strategic fundraising adviser.
4 min read · 07 February 2017
3 min read · 06 February 2017
Vestar Capital Partners said Feb. 6 that it promoted John Stephens to co-head of the firm’s Business Services and Industrial Products Group, while Ben Funk was named vice president and Jonathan Williams was appointed a senior associate.
3 min read · 06 February 2017
Comprehend Systems Inc said Feb. 6 that closed a $15 million Series C round of financing led by Eminence Capital. Also participating were existing investors Sequoia Capital and Lightspeed Venture Partners. Comprehend Systems provides clinical intelligence applications to executives, data managers and medical monitors that aim to improve the speed, safety and quality of trial submissions across a portfolio of clinical trials.
3 min read · 06 February 2017
Avery Dennison said Feb. 6 that it agreed to buy Yongle Tape Company Ltd for $190 million. ShawKwei & Partners along with Yongle management were the sellers. The deal includes $55 million in additional earnouts to be paid based on the achievement of certain performance targets over the next two years. Yongle Tape, of China’s Hebei Province, makes cable harnessing and insulation tapes.
4 min read · 06 February 2017
Career Step LLC, a portfolio company of Revelstoke Capital Partners, has acquired the Revenue Capture and Coding and Documentation Divisions of Panacea Healthcare Solutions. Panacea Healthcare, of St. Paul, Minnesota, provides coding, compliance, technology and financial advice to healthcare providers. Hogan Lovells US LLP provided legal advice to Career Step.
4 min read · 06 February 2017
H.I.G. Growth Partners, the growth arm of H.I.G. Capital, said Feb. 6 that it invested in SCUF Gaming. Financial terms weren’t announced. SCUF, of Atlanta, designs, makes and is an e-commerce platform for sales of advanced feature, customized gaming controllers and accessories for use on PlayStation, Xbox and PC.
3 min read · 06 February 2017
Electro Rent Corp said Feb. 3 that it closed its buy of Microlease from Lloyds Development Capital. Financial terms weren’t announced. Electro Rent is a portfolio company of Platinum Equity. Electro Rent, of Van Nuys, California, provides rental, leasing and sales of general purpose electronic test equipment, personal computers and servers.
2 min read · 06 February 2017
3 min read · 02 February 2017
H.I.G. Capital said Feb. 2 that it has sold Fibercore Ltd to Humanetics Innovative Solutions Inc, a portfolio company of Golden Gate Capital. Financial terms weren’t announced. Fibercore, of the U.K., designs and makes specialty optical fiber for use in aerospace and defense, oil and gas, and biomedical applications.
4 min read · 02 February 2017
