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.
Main Capital has acquired a “substantial” stake in artegic AG. Financial terms weren’t announced. Artegic, of Bonn, German, is a marketing automation software provider.
2 min read · 11 January 2017
Constitution Capital Partners said Jan. 11 that its latest fund closed on $755 million in total commitments. Ironsides IV was oversubscribed and exceeded the original $500 million target. Ironsides IV will focus on investments in primary funds with $200 million to $1.5 billion in commitments and direct investments with enterprise values between $100 million and $1 billion. Constitution Capital Partners, of Boston, invests in North American lower middle market buyout funds and makes direct investments in North American lower middle market companies.
2 min read · 11 January 2017
2 min read · 10 January 2017
Palladium Equity Partners LLC said Jan. 10that it invested in CircusTrix Holdings LLC. Financial terms weren’t announced. CircusTrix founder and CEO Case Lawrence, his management team and other existing owners are also taking part in the deal. CircusTrix develops, owns and operates indoor extreme recreation parks. The Sage Group LLC served as financial advisor to CircusTrix. Skadden, Arps, Slate, Meagher & Flom LLP was the legal advisor for CircusTrix. Paul, Weiss, Rifkind, Wharton & Garrison LLP was the legal advisor for Palladium.
3 min read · 10 January 2017
Garden Fresh Restaurant Corp said Jan. 9 that it would sell its assets to Cerberus Capital Management LP. Garden Fresh, of San Diego, filed for bankruptcy protection in October. Sun Capital Partners acquired Garden Fresh in 2005. Garden Fresh, which owns Souplantation and Sweet Tomatoes restaurants, said it planned to emerge from Chapter 11 restructuring later this month with between 90 and 104 restaurants.
2 min read · 10 January 2017
Varsity Healthcare Partners said Jan. 9 that its second fund closed on $300 million. Varsity Healthcare Partners II that will invest in healthcare services platforms. UBS served as the placement agent and Kirkland & Ellis acted as legal counsel to VHP. In a separate statement, Varsity Healthcare said Steven Boyd has joined the firm as an Operating Partner. Boyd is the former CEO of Evolution Health and Ascension Health at Home subsidiaries of Envision Healthcare Holdings.
1 min read · 10 January 2017
Pritzker Group Private Capital said Jan. 10 that Brad West was promoted to principal-legal from vice president.
2 min read · 10 January 2017
Harvest Partners LP said Jan. 9 that it promoted Andrew Schoenthal to Senior Managing Director. He was previously a managing director. Other Harvest promotions include: Nick Romano to Managing Director; Michael Greenman, James Mitchel and David Schwartz to Principal; and, Steve Fessler to Vice President.
3 min read · 10 January 2017
Maven Capital Partners has led a 2.7 million pounds (US$3.4 million) funding round for QikServe Ltd. Maven is investing 2 million pounds while the other 700,000 pounds is coming from exiting investors including Par Equity, Equity Gap and Scottish Enterprise. QikServe, of the U.K., has developed a B2B cloud-based platform aimed at hospitality operators.
3 min read · 10 January 2017
Lalamove said Jan. 10 that it raised $30 million in Series B financing led by Xianghe Capital. Also participating were Blackhole Capital and existing shareholders MindWorks Ventures, Crystal Stream and Thailand’s Asia Plus Group Holdings. Lalamove, of Hong Kong, is an on-demand delivery company.
3 min read · 10 January 2017
