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.
Palamon Capital Partners said Jan. 16 that it acquired a majority stake in Happy Socks. The transaction values Happy Socks at SEK 725 million ($80.9 million) with SEK 40 million ($4.4 million) of growth capital injected into the business, giving Happy Socks an enterprise value of SEK 765 million ($85.4 million). Happy Socks, of Stockholm, is a brand of designer socks.
3 min read · 16 January 2017
1 min read · 13 January 2017
2 min read · 12 January 2017
Kespry said Jan. 11 that George Mathew was named chief executive and chairman. Mathew was most recently president and chief operating officer of Alteryx. CEO Paul Doersch, who led the team that developed and commercialized the Kespry Drone System, will remain a shareholder in the company. Kespry, of Menlo Park, California, is an aerial intelligence platform provider backed by Lightspeed Venture Partners, DCM Ventures, Spectrum 28, Wilson Sonsini and others.
3 min read · 12 January 2017
Thompson Street Capital Partners said Jan. 12 that it recapitalized Software Technology Inc. Financial terms weren’t announced. Software Technology, of Lincoln, Nebraska, provides financial and practice management software for small to mid-size law firms. Cascadia Capital served as financial adviser to STI.
2 min read · 12 January 2017
TA Associates said Jan. 12 that it completed an investment in think project! GmbH. Financial terms weren’t disclosed. Think project!, of Munich, provides cross-enterprise collaboration and workflow software to the construction and engineering industries. GCA Altium served as financial advisor and Noerr LLP served as legal counsel to think project!. Willkie Farr & Gallagher LLP was the attorney for TA Associates.
4 min read · 12 January 2017
Carlyle Group said Jan. 11 that it promoted 62 professionals to senior positions. This includes 13 to partner, 17 to managing director and 32 to principal/director.
3 min read · 11 January 2017
Bluegarden, a Marlin Equity Partners portfolio company, has acquired Medvind Informationsteknik AB. Financial terms weren’t announced. Medvind, of Stockholm, provides human resource planning and time management software solutions to customers in the public, media and healthcare services sectors.
3 min read · 11 January 2017
Industrial Opportunity Partners said Jan. 11 that it has acquired Union Corrugating Company. Financial terms weren’t announced. Union, of Fayetteville, North Carolina, makes metal roofing systems and roofing components. PNC Business Credit and Patriot Capital provided financing for the acquisition. VRA Partners represented the shareholders of Union. McDermott Will & Emery LLP provided legal representation to IOP.
3 min read · 11 January 2017
Cyprium Partners said Jan. 11 that it promoted Nicholas Stone to Managing Director. Stone oversees Cyprium’s Chicago office and will lead the firm’s origination and marketing related activities.
2 min read · 11 January 2017
