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.
1 min read · 26 July 2016
Partners Capital said July 26 that Richard Scarinci is joining the firm's senior management team in September 2016 as a Partner. Scarinci previously worked at Blackstone Alternative Asset Management, where he was a Managing Director and a Co-Portfolio Manager within the Hedge Fund Solutions Group.
2 min read · 26 July 2016
Platte River Equity said July 26 that it acquired CTS Engines. Financial terms weren’t announced. Company management also invested. Fort Lauderdale, Florida-based CTS Engines provides maintenance, repair and overhaul (“MRO”) services for established engine platforms, specializing in the overhaul of the General Electric CF6-80C2, CF6-80A and CF6-50 engines, as well as the Pratt & Whitney PW2000. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, while Houlihan Lokey served as debt placement agent. Annaly Middle Market Lending provided financing for the transaction. BlackArch Partners served as sell-side advisor to CTS.
3 min read · 26 July 2016
Cressey & Company LP said July 26 that it promoted Dave Rogero to Partner, effective immediately. Rogero has been with the Cressey & Company team since 2008.
2 min read · 26 July 2016
CellMax Life Inc said July 26 it raised $9 million in series A-1 venture funding led by venture capital firm Artiman. Also participating were several Taiwanese venture investors including Stan Shih, founder and chairman of Acer Inc. Sunnyvale, California-based CellMax is a precision cancer blood-testing company.
1 min read · 26 July 2016
H.I.G. Capital has sold its portfolio company, Amerijet Holdings Inc, to ZS Fund LP. Financial terms weren’t announced. Miami-based Amerijet provides cargo and logistics solutions to the Caribbean and Latin America.
3 min read · 26 July 2016
The Hartford has agreed to sell its U.K. property & casualty run-off subsidiaries, Downlands Liability Management Ltd and Hartford Financial Products International Limited, to Catalina Holdings UK Ltd. Financial terms weren’t announced. Catalina is backed by Apollo Global Management, Ontario Teachers’ Pension Plan and Caisse de depot et placement du Quebec. Barclays advised the Hartford while the company’s legal advisor is Freshfields Bruckhaus Deringer LLP, and PricewaterhouseCoopers LLP provided other advisory services.
4 min read · 26 July 2016
Sun Basket said July it raised $15 million in Series B financing led by Accolade Partners. New investors Founders Circle and Shea Ventures participated as well as existing investors, including Paul Allen's Vulcan Capital, PivotNorth Capital, Relevance Capital, Filter14, Baseline Ventures and other high profile investors. San Francisco-based Sun Basket is an organic meal kit provider that delivers organic, non-GMO ingredients and recipes weekly to customers.
1 min read · 26 July 2016
3 min read · 25 July 2016
Renovate Simply has closed its seed round. Financial terms weren’t disclosed. Digitech Venture Capital Fund Inc, Digitech Venture Capital Fund Inc and a number of angel investors took part in the round. Austin-based Renovate Simply is a website that connects homeowners to contractors.
1 min read · 25 July 2016
