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.
Carlyle Group said July 28 that Allan M. Holt was named Chairman of US Buyout and Chairman of the Investment Committee for Carlyle’s US Buyout funds. Holt, a Managing Director, was previously co-head of the US Buyout team. Sandra J. Horbach, formerly Head of the Consumer & Retail team and an MD, is joining existing Co-head Peter J. Clare to lead Carlyle’s US Buyout business. Jay W. Sammons, a senior member of the Consumer & Retail team and an MD, succeeds Ms. Horbach.
4 min read · 28 July 2016
Roberto Cavalli S.p.A. said July 28 that it named Gian Giacomo Ferraris as CEO of the company. He replaces Renato Semerari who left the CEO rule due “divergences on the company’s development strategy,” a statement said. Francesco Trapani has also resigned as Chairman of Robert Cavalli and will step down on Sept. 10. Clessidra, an Italian private equity firm, acquired Roberto Cavalli, an Italian fashion house, in April 2015.
2 min read · 28 July 2016
Phosphorus said July 27 it raised $10 million in a Series A funding round led by FirstMark Capital. Company founders and several angel investors also participated. Alexander Bisignano and Santiago Munne launched Phosphorus following the sale of Recombine’s commercial assets to CooperSurgical in May in a deal valued at $85 million. New York-based Phosphorus is a computational genomics company.
1 min read · 28 July 2016
Reltio said July 28 that it raised $22 million in Series B funding led by New Enterprise Associates. Existing investors, Crosslink Capital and .406 Ventures also participated. Redwood Shores, California-based Reltio is an enterprise data-driven applications and modern data management Platform as a Service (PaaS) company.
1 min read · 28 July 2016
Carlyle Group is exiting Axalta Coating Systems Ltd. Carlyle is selling about 41.6 million shares of Axalta in a secondary offering. Following the transaction Carlyle will not beneficially own any of Axalta’s common shares, other than de minimis amounts held or owned from time to time in the ordinary course of business. Carlyle acquired Axalta, a former Dupont unit that makes liquid and powder coatings for the automotive and general transportation industries, in February 2013 for $4.9 billion, Reuters has reported. Axalta went public in November 2014.
5 min read · 28 July 2016
Belcan LLC, a portfolio company of AE Industrial Partners LLC, has acquired Intercom Consulting & Federal Systems. Financial terms weren’t announced. Lansdowne, Virginia-based Intercom provides IT solutions such as cyber security, enterprise management, systems engineering and architecture, and network engineering for assets and operations of the U.S. Federal government.
3 min read · 27 July 2016
J.F. Lehman & Company said July 26 that Glenn M. Shor had been promoted to Managing Director. David F. Thomas was also named Vice President while R. Benjamin ("Ben") Hatcher was appointed a Senior Associate.
2 min read · 27 July 2016
KCG Holdings Inc said July 27 that it agreed to buy Neonet Securities AB. Hay Tor Capital, KAS BANK and Cidron Delfi Intressenter Holding are the sellers. Financial terms weren’t disclosed. Stockholm-based Neonet is an agency broker and execution specialist. KCG was advised on the transaction by Advokatfirman Vinge KB and Sullivan & Cromwell LLP. NovitasFTCL acted as financial advisor while Advokatfirman Delphi the legal advisor to the shareholders of Neonet.
6 min read · 27 July 2016
FogHorn Systems said July 27 that it raised $12 million in Series A funding led by March Capital and GE Ventures. Robert Bosch Venture Capital GmbH, Yokogawa Electric Corporation and Darling Ventures provided additional Series A funding. The company also converted an additional $2.5 million of initial seed capital provided by March Capital and The Hive. Mountain View, California-based FogHorn develops "edge intelligence" software for industrial and commercial Internet of Things (IoT) applications.
1 min read · 27 July 2016
Main Capital has acquired a stake in OBI4wan and OBILytics. Financial terms weren’t announced. OBI4wan provides SaaS solutions for social media monitoring and webcare, while OBILytics focuses on social media analytics.
3 min read · 27 July 2016
