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.
Accenture said Nov. 2 that it closed its buy of Kurt Salmon. Accenture announced its buy of Kurt Salmon, a strategy consulting firm focused on the retail industry, on Sept. 22.
6 min read · 02 November 2016
Maven Capital Partners said Nov. 2 that invested up to 2 million pounds ($2.2 million) in Chic Lifestyle Ltd. U.K.-based Chic Lifestyle, a technology platform, operates a B2B marketplaces for small boutique hotels to manage their inventory globally.
3 min read · 02 November 2016
Matrix Capital Markets Group Inc said Nov. 1 that Robbie L. Radant has joined the firm as a Director in its Downstream Energy & Retail Group. Radant joins Matrix after working 28 years for 7-Eleven Inc, where he most recently was Vice President of Mergers and Acquisitions.
4 min read · 02 November 2016
Peak Rock Capital said Nov. 1 that it has acquired Do Outdoors Inc, which does business as Lew’s Fishing. Financial terms weren’t announced. Springfield, Missouri-based Lew’s supplies branded fishing products for mass market retailers, sporting goods chains, and specialty outdoor retailers.
3 min read · 01 November 2016
Carlyle Group said Nov. 1 that its second energy credit investments fund raised $2.8 billion. Carlyle Energy Mezzanine Opportunities Fund II (CEMOF II) will invest in projects and companies in the power generation and energy sectors requiring capital of $50 million to $500 million per transaction. Simpson Thacher & Bartlett LLP advised the fund.
3 min read · 01 November 2016
Exnodes Inc said Nov. 1 that it raised $2 million in seed funding. Strategic investors include Samsung Ventures and SK hynix Inc, as well as angel investors Gordon Eubanks and Professor Joseph Goodman. Exnodes, of Fremont, California, is a computational semiconductor inspection company.
1 min read · 01 November 2016
Litmus Automation has raised $1.5 million in seed funding. It did not disclose investors. With offices in San Jose and Toronto, Litmus is an “internet of things” platform provider.
3 min read · 01 November 2016
KKR said Nov. 1 that Timothy R. Franks is joining the firm’s London office as a member, effective Feb. 1. Franks will lead coverage of the Consumer & Retail industries in Europe, Africa and Middle East as a member of the Private Equity team. Franks joins KKR from Advent International, where he was a partner, a European Investment Committee member and Head of the European Retail, Consumer & Leisure team.
2 min read · 01 November 2016
Morsco, a portfolio company of Advent International, has acquired Fortiline Waterworks. Financial terms weren’t announced. CHS Capital is the seller. Concord, North Carolina-based Fortiline is a wholesale distributor of underground water, sewer and storm utility products in the United States. BB&T Capital Markets advised Fortiline.
2 min read · 31 October 2016
NBK Capital Partners said Oct. 31 that it completed two mezzanine loan investments, Qimam El Hayat International Schools LLC and Perkon Personel Kontrol Barkod Sistemleri Bilgisayar Yazılım Elektronik A.Ş. The investments came from NBK Capital Partners Mezzanine Fund II. Qimam El Hayat is a private K-12 school in Saudi Arabia. Perkon is a Turkish payment system.
3 min read · 31 October 2016
