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.
Berkshire Partners has completed its investment in Kendra Scott Design Inc. Financial terms weren’t announced. Kendra Scott, of Austin, Texas, is a fashion accessories brand. Founder and CEO Kendra Scott will continue as majority shareholder, while the company’s other senior leaders will remain in their current positions. Norwest Venture Partners and Capstar Partners will also continue as investors.
3 min read · 02 February 2017
U.S hedge fund manager Anthony Scaramucci, who left Wall Street to join the administration of U.S. President Donald Trump, will now not get a senior role at the White House, the New York Times reported on Wednesday.
3 min read · 02 February 2017
Pamlico Capital said Feb. 2 that it has invested in Winsight LLC through a recapitalization. Financial terms weren’t announced. Winsight, of Chicago, is a B2B information provider for the restaurant, noncommercial foodservice, and convenience retail industries. Winsight was advised by East Wind Advisors and Latham & Watkins LLP. Pamlico was advised by Alston & Bird LLP.
3 min read · 02 February 2017
High Road Capital Partners said Feb. 2 that it promoted Dan Gaspar to partner, Scott Rubino to principal, and Matt Hadley to associate, business development.
2 min read · 02 February 2017
SK Capital Partners said Feb. 2 that it closed its buy of Niacet Corp. Financial terms weren’t announced. Kelly Brannen will continue to serve as CEO and will retain a stake in the company. Niacet, of Niagara Falls, New York, produces specialty ingredients for food, feed, and pharmaceutical applications. KeyBanc Capital Markets provided financing. Latham & Watkins acted as legal counsel to SK Capital while Valence Group was financial advisor to Niacet.
3 min read · 02 February 2017
2 min read · 01 February 2017
Huron Capital Partners said Feb. 1 that it closed its latest fund with $550 million of total limited partner capital commitments, surpassing its hard cap and $500 million target. Huron Fund V LP had over $1 billion of demand and will seek control transactions in the lower middle market with valuations generally under $200 million. The fund will focus on committing a total of $20 million to $70 million equity per transaction. Sixpoint Partners was the placement agent for the fund.
4 min read · 01 February 2017
Pamlico Capital said Feb. 1 that it closed a growth investment in Veson Nautical LLC. Financial terms weren’t announced. Co-founder and CEO John Veson, along with COO Sean Riley and other management team members, will maintain significant ownership in Veson and will continue to manage it. Veson, of Boston, provides commercial maritime operations software and services. Veson was represented by Harris Williams & Co and Cooley LLP. Pamlico was advised by Alston & Bird LLP.
3 min read · 01 February 2017
Akina Group said that its latest flagship fund, Euro Choice VI, has closed at 410 million euros ($442.57 million). Euro Choice VI exceeded its target of 300 million euros. The fund targets mid and lower end of the European market through primary – and selectively secondary – buyout, growth capital and special situations fund investments.
3 min read · 01 February 2017
Trussle has raised 4.5 million pounds ($5.68 million) in funding led by Orange Growth Capital. Existing investors LocalGlobe, Zoopla and Seedcamp, alongside angel investors Ed Wray and Ian Hogarth, are also behind the deal. Trussle is an online mortgage broker in the U.K.
4 min read · 01 February 2017
