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.
Mission Therapeutics said Dec. 5 that Dr Colin Goddard was named non-executive Chairman, effective January 1st 2017. Michael Moore, Mission's Founder Chairman, will continue on the board and transition to the role of Deputy Chairman. Mission Therapeutics, of Cambridge, England, is a drug discovery and development company.
3 min read · 05 December 2016
Protector Holdings has acquired Big Savings Insurance Services. Financial terms weren’t announced. Sacramento-based Big Savings provides insurance services to Hispanic consumers in the Western United States. Protector Holdings is a joint venture of EPIC Insurance Brokers & Consultants and Dowling Capital Partners.
2 min read · 05 December 2016
B&G Foods Inc said Dec. 2 that it has acquired Victoria Fine Foods Holding Company and Victoria Fine Foods LLC for about $70 million in cash, subject to a customary working capital adjustment. Huron Capital Partners and certain others were the sellers. Victoria Fine Foods, of New York, offers a variety of premium pasta and specialty sauces, savory condiments and tasty gourmet spreads. Sawaya Segalas & Co LLC served as financial advisor to Victoria Fine Foods. Perella Weinberg Partners LP was financial advisor to B&G Foods.
6 min read · 05 December 2016
Blackstone Tactical Opportunities has agreed to invest in BTIG. Financial terms weren’t announced. New York-based BTIG is a financial services firm that provides institutional trading, investment banking, research and related brokerage services.
3 min read · 05 December 2016
General Atlantic said Dec. 5 that it promoted Aaron Goldman and Shantanu Rastogi to managing director and Erin Chang to principal.
4 min read · 05 December 2016
2 min read · 01 December 2016
2 min read · 29 November 2016
Investcorp has invested in Arrowhead Electronic Products and will have a “significant” minority stake. Financial terms weren’t announced. The Riverside Company remains majority investor of Arrowhead Electronic. Arrowhead, of Blaine, Minnesota, supplies aftermarket replacement parts for a wide variety of applications.
3 min read · 29 November 2016
Accenture said Nov. 29 that it has acquired Karmarama. Financial terms weren’t announced. Phoenix Equity Partners is the seller. London-based develops advertising campaigns, data-driven content and mobile platforms for clients including BBC, Confused.com, Honda, Just Eat and Unilever.
7 min read · 29 November 2016
Gen Cap America Inc said Nov. 29 that it has backed the management of Pyramyd Air Ltd in its acquisition of the company. Terms of the transaction were not disclosed. Pyramid Air, of Solon, Ohio, distributes air guns, airsoft guns, bb guns, and related parts and accessories. The Pyramyd Air management team, led by Val Gamerman, is staying on to run daily operations.
2 min read · 29 November 2016
