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.
The Carlyle Group said Oct. 19 that it firm’s first long-dated private equity fund has raised $3.6 billion. Carlyle Global Partners will invest with a longer time horizon than traditional private equity funds and can provide more than $500 million of equity per deal.
3 min read · 19 October 2016
Zafin said Oct. 18 that Nancy Langer has joined as President and Chief Operating Officer. Langer was previously Executive Vice President and Chief Product Officer for Fidelity National Information Services. Zafin is backed by Kayne Partners.
2 min read · 19 October 2016
Mems Drive Inc said Oct. 18 that it closed an $11 million funding round led by Walden International. Mems Drive is a semiconductor company.
1 min read · 19 October 2016
Polaris has sold Car-O-Liner to Snap-On Inc for $155 million. Gothenburg, Sweden-based Car-O-Liner provides collision repair equipment and information and truck alignment systems. Jefferies advised Polaris and Car-O-Liner.
3 min read · 19 October 2016
2 min read · 18 October 2016
Science 37 said Oct. 18 that it raised $31 million in series B funding led by Redmile Group. Lux Capital and dRx Capital also participated, as well as Sanofi Genzyme BioVentures. Los Angeles-based Science 37 is a clinical research company.
6 min read · 18 October 2016
Ysios Capital said Oct. 18 that its second fund closed at 126.4 million euros ($139.1 million), surpassing its 100 million euro target. Ysios BioFund II Innvierte FCR will invest in biotech, medtech and diagnostic companies across Europe with a special interest in Spain.
4 min read · 18 October 2016
Cyprium Partners said Oct. 18 that it invested subordinated debt and equity Irvin Automotive Products Inc. Financial terms weren’t announced, Cyprium’s investment is part of Piston Group’s buy of Irvin Auto from Takata Corp that was previously announced. Pontiac, Michigan-based Irvin makes automotive seat covers, headrests, sun visors, armrests and cargo shades.
3 min read · 18 October 2016
Ship Supply International, a portfolio company of H.I.G. Capital, has acquired Kamil Ship Supply. Financial terms weren’t announced. Mobile, Alabama-based Kamil provides delivery of critical perishable goods and deck & engine maintenance products to commercial vessels.
3 min read · 18 October 2016
MCI Brazil said Oct. 18 that it acquired P2Com Group. Financial terms weren’t announced. P2Com provides corporate events and incentive travel management. MCI Brazil is a joint venture between AlaturJTB and MCI Group.
2 min read · 18 October 2016
