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.
Cerêve Inc said Jan. 5 that it closed a $38 million Series B round of financing led by KKR. Also participating were existing shareholders Versant Ventures, Arboretum Ventures and Partner Ventures. Cerêve, of Oakmont, Pennsylvania, is a health care company that is developing insomnia devices.
4 min read · 05 January 2017
Carlyle Group said Jan. 5 that it has completed its buy of Claritas. Nielsen is the seller. Financial terms weren’t announced. Claritas provides consumer segmentation analysis for marketers. The Indian Hill Group, led by Mike Nazzaro and including some of the former leadership team of Nielsen Catalina Solutions, is also investing.
4 min read · 05 January 2017
Slayback Pharma, LLC said Jan. 5 that it closed a $60 million commitment from KKR. Slayback, of Princeton Junction, New Jersey, is a pharmaceutical company focused on the development of complex generic and specialty pharmaceutical products.
3 min read · 05 January 2017
H.I.G. Capital said Jan. 4 that it completed its buy of Bigsal. Financial terms weren’t announced. Bigsal, of Ji-Paraná, Rondônia, is an animal nutrition provider in the North region of Brazil.
3 min read · 05 January 2017
Fugue Inc said Jan. 5 that closed a roughly $41 million Series D financing round led by New Enterprise Associates. Prior investor Maryland Venture Fund and new investor Future Fund, the sovereign wealth fund of Australia, also participated. Fugue, of Frederick, Maryland, provides a software-defined system for orchestrating and enforcing cloud infrastructure at scale. Morrison & Foerster LLP served as legal counsel to Fugue.
4 min read · 05 January 2017
Klipfolio said Jan. 5 that it raised C$12 million ($9 million) in a Series B funding round led by OMERS Ventures. All the investors from Klipfolio's 2015 Series A and 2014 seed rounds also took part. Klipfolio, of Ottawa, is a provider of cloud business dashboard.
3 min read · 05 January 2017
Kenex Holdings said Jan. 4 that it completed its buy of Bubbies Homemade Ice Cream & Desserts Inc. Financial terms weren’t announced. Bubbies, of Aiea, Hawaii, makes mochi ice cream. Keith Robbins, who founded Bubbies in 1985, will remain a significant investor and will retain his unofficial title as "Mr. Bubbie" at industry trade shows moving forward. Tree Line Capital Partners provided financing. DLA Piper was Kenex’s legal counsel while RSM provided transaction advisory services. Cascadia Capital served as financial advisor to Bubbies and Joyce Ziker Parkinson provided legal counsel.
3 min read · 05 January 2017
Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, Reuters reported.
3 min read · 05 January 2017
2 min read · 04 January 2017
AVI-SPL, a portfolio company of HIG Capital, has acquired VideoLink LLC. Financial terms weren’t announced. Boston-based VideoLink provides broadcast quality production for top cable and network television organizations. G2 Capital Advisors LLC advised VideoLink.
3 min read · 04 January 2017
