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.
2 min read · 01 September 2016
Growth Capital Partners has invested in Arrow Business Communications. Financial terms weren’t announced. Arrow is UK telecommunications provider. GCA Altium provided financial advice to Arrow and its shareholders.
2 min read · 01 September 2016
3 min read · 31 August 2016
SmartZip Analytics Inc said Aug. 31 that it raised $12 million in debt financing led by ORIX Growth Capital. Pleasanton, California-based SmartZip provides predictive marketing solutions for real estate, lending and related industries. SmartZip is backed by Intel Capital, Claremont Creek Ventures, Crest Capital, Javelin Venture Partners and Cue Ball Capital.
1 min read · 31 August 2016
Clavis Capital Partners has closed its investment in Alliance Tank Service LLC. Financial terms weren’t announced. Yale, Oklahoma-based Alliance Tank makes, fabricates, installs, repairs and services storage tanks ranging in size from 1,000 to 500,000 barrels.
2 min read · 31 August 2016
KKR has agreed to buy Calabrio. Financial terms weren’t announced. Calabrio provides customer engagement software. The Wall Street Journal valued the deal at $200 million.
4 min read · 30 August 2016
Ritchie Bros Auctioneers Inc said Aug 29 that it agreed to buy IronPlanet for about $758.5 million. Sellers include Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo. Pleasonton, California-based IronPlanet is an online marketplace for used heavy equipment and other durable asset sales. Goldman, Sachs & Co provided financial advice to Ritchie Bros and Skadden, Arps, Slate, Meagher & Flom LLP and Dechert LLP served as legal advisors. J.P. Morgan Securities LLC acted as financial advisor to IronPlanet and Orrick, Herrington & Sutcliffe LLP was their legal advisor.
9 min read · 30 August 2016
BBOXX said Aug 30 that it closed a $20 million Series C funding round. New investors include MacKinnon, Bennett & Company, ENGIE Rassembleurs d'Energies and KawiSafi Ventures, as well as existing investors Khosla Impact Fund, Bamboo Finance and DOEN Foundation. BBOXX, of London, is an off-grid solar company.
1 min read · 30 August 2016
KKR said Aug 29 that David Liu, Co-Head of Asia Private Equity and Head of China, and Julian Wolhardt, a member, are leaving at the end of this year to form a new China-focused investment firm. They will transition to KKR Advisors beginning in 2017. Ming Lu, a Member of KKR and Co-Head of Asia Private Equity, was named sole Head of Asia Private Equity. Lu will serve as Interim Head of China until KKR appoints a successor. Other new appointment include: Ashish Shastry was named Head of Southeast Asia and Member of KKR, Singapore; Zhen Ji was appointed a Managing Director of KKR, China; Hyoung Seok Lim was named a Managing Director of KKR, Korea; and Rob Yang was appointed Managing Director of KKR Real Estate, China.
4 min read · 30 August 2016
Online lender Kabbage, which has raised five rounds totaling $240 million, is looking for additional capital, sources said.
2 min read · 30 August 2016
