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.
Brixey & Meyer Capital said Aug. 16 that the BMC Growth Fund held an $18 million final close. Investors of the fund include entrepreneurs and private investors predominately from Southwest Ohio. Brixey & Meyer invests in lower middle market companies generating $1 to $3 million of cash flow. It focuses on healthcare, distribution, manufacturing and services related industries.
2 min read · 17 August 2016
United Road Services, a portfolio company of Charlesbank Capital Partners, said Aug. 16 that Mark Anderson was named President. This is in addition to his role as Chief Operating Officer. Kathleen McCann, United Road's CEO, will also assume the position of Chairman of the Board. She replaces Michael Eisenson, Managing Director and CEO of Charlesbank, United Road’s majority owner.
3 min read · 17 August 2016
Wellington Financial LP said Aug. 16 that Jeff Chapman has joined the firm’s Menlo Park office as Partner and Head of Healthcare & Life Sciences. Chapman recently served as Senior Vice President and Head of Life Sciences at Comerica Bank.
3 min read · 17 August 2016
2 min read · 16 August 2016
Scintilla Pharmaceuticals Inc, a subsidiary of Sorrento Therapeutics Inc, said Aug 15 that it agreed to buy Semnur Pharmaceuticals Inc for an initial payment of $60 million. Scintilla may also pay another $140 million in cash to Semnur's equity holders upon achievement of certain development, product approval and commercial milestones. Semnur, a specialty pharmaceutical company, is backed by Canaan Partners, Frazier Healthcare and Vivo Capital.
5 min read · 16 August 2016
Essilor International has agreed to buy MyOptique Group. Financial terms weren’t announced. Sellers include Acton Capital Partners, Beringea, Cipio Partners, Index Ventures, Korys and Highland Capital Europe. London-based MyOptique is an online optical retailer.
2 min read · 16 August 2016
Yukon Partners said Aug. 16 that it provided mezzanine capital while NXT Capital supplied a credit facility to back Sorenson Capital’s investment in Axiom Materials Inc. Orange County, California-based Axiom makes advanced composite materials and related products for customers in the aerospace & defense, industrial, automotive, medical device, and electronics industries.
3 min read · 16 August 2016
2 min read · 15 August 2016
Clearlake Capital Group LP said Aug. 15 that it agreed to sell NetMotion Wireless Inc to the Carlyle Group. Financial terms weren’t announced. Seattle-based NetMotion provides mobile security software solutions. Evercore Partners advised NetMotion in the sale to Carlyle. Atlas Technology Group served as financial advisor to the NetMotion Board of Directors in the transaction.
4 min read · 15 August 2016
Zenoti said Aug. 11 that it raised $15 million Series B funding round led by Norwest Venture Partners with participation from returning investor Accel Partners. Seattle-based Zenoti provides a business management platform for the spa and salon industry.
4 min read · 11 August 2016
