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.
Alven Capital said Dec. 15 that it closed its most recent fund at its hard cap of 250 million euros. ($260.3 million). Paris-based Alven Capital is an early-stage venture capital firm that mainly backs French entrepreneurs in the digital technology space. The firm’s prior fund collected 120 million euros in 2013.
2 min read · 15 December 2016
Draper Esprit has acquired a “significant” minority stake in Clavis Insight for 8 million euros ($8.3 million). With offices in Dublin, London, Shanghai and Boston, Clavis Insight provides online and ecommerce store analytics.
1 min read · 15 December 2016
Norwest Equity Partners said Dec. 15 that it promoted Taylor Moore and Jason Sondell to principal. Emma Gergen was named a director, while Brandon Ressler was promoted to assistant controller.
2 min read · 15 December 2016
Maven Capital Partners has completed a 1.1 million euro ($1.15 million) investment in Growth Capital Ventures. London-based Growth Capital is an online investment and capital crowdfunding platforms.
3 min read · 15 December 2016
Vectra Co said Dec. 14 that it has agreed to sell its Borchers business division to The Jordan Company LP. Financial terms weren’t announced. Borchers is an additives specialist for coatings, paints and printing inks. Moelis & Company provided financial advice to Vectra, while Paul, Weiss, Rifkind, Wharton & Garrison LLP and O'Melveny & Myers LLP (with respect to environmental matters) acted as its legal advisors. Credit Suisse Securities (USA) LLC also acted as an advisor to Vectra. Legal advisor to Jordan is Mayer Brown LLP.
3 min read · 14 December 2016
2 min read · 14 December 2016
Amcure said Dec. 14 that it closed a 6 million euro ($6.39 million) Series B round led by LBBW Venture Capital. Also participating were KfW, MBG Mittelstaendische Beteiligungsgesellschaft Baden-Wuerttemberg, S-Kap Unternehmensbeteiligungs GmbH & Co KG and Karlsruhe Institute of Technology (KIT) as well as private investors. Amcure, of Germany, is biopharmaceutical company developing cancer therapeutics.
3 min read · 14 December 2016
Caleres said Dec. 13 that it acquired Allen Edmonds from Brentwood Associates for $255 million, subject to certain adjustments. Allen Edmonds is a U.S.-based maker of men’s premium handcrafted leather footwear and accessories. Wells Fargo Securities provided financial advice to Caleres.
5 min read · 14 December 2016
EcoVadis said Dec. 14 that it raised 30 million euros ($31.9 million) in funding led by Partech Ventures. Paris-based EcoVadis provides a platform for environmental, social and ethical performance ratings for global supply chains. GP Bulhound acted as financial advisor to EcoVadis and its shareholders.
4 min read · 14 December 2016
2 min read · 13 December 2016
