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.
Apax Partners said July 19 it has agreed to buy Dominion Marine Media. Financial terms weren’t announced. Dominion Enterprises, a subsidiary of Landmark Media Enterprises, is the seller. Dominion Marine operates recreational marine digital marketplaces – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos – which attract over 62 million unique visitors annually. Apax Partners was advised by Kirkland & Ellis and PricewaterhouseCoopers. Evercore advised Dominion Enterprises while Willcox and Savage their legal counsel.
3 min read · 19 July 2016
Blue Cedar Networks said July 19 that raised $10 million in Series A funding from Accelerate IT Ventures, Benhamou Global Ventures, Grayhawk Capital and Generation Ventures. Blue Cedar provides app security.
3 min read · 19 July 2016
Clarion Brands, a portfolio company of Swander Pace Capital, has acquired Florajen. Financial terms weren’t announced. Florajen is a probiotic dietary supplement.
3 min read · 19 July 2016
HGGC said July 19 that it closed its growth equity investment in Integrity Marketing Group LLC. Financial terms weren’t announced. Highland Village, Texas-based Integrity develops and distributes life and health insurance products with insurance carrier partners and markets these products through its distribution network. Also, HGGC and Integrity concurrently announced that they agreed to buy Premier Companies Inc of Norfolk, Nebraska. Premier is an insurance marketing organization with over 32,000 agents appointed nationally, and 170 employees spread across 6 offices.
4 min read · 19 July 2016
2 min read · 18 July 2016
Sandvik said July 18 that it agreed to divest its Mining Systems operations to CoBe Capital. Financial terms weren’t announced but Sandvik said the deal entails a a capital loss of -800 million SEK. Mining Systems supplies design and engineering of material handling systems for the mining industry.
2 min read · 18 July 2016
Warburg Pincus said July 15 that it has acquired a 31.75 percent stake in Camil Alimentos S.A. Financial terms weren’t announced. Fundo de Investimento de Participações Camil (“FIP Camil)”, an equity investment fund managed by Gávea Investimentos Ltda, was the seller. Camil, of São Paulo, is a packaged food company.
2 min read · 18 July 2016
Outpost Medicine said July 18 that Nancy Martin, M.D., Pharm.D., has joined as a SVP, Chief Medical Officer, while Gordon McMurray, Ph.D., was named Chief Scientific Officer and Gayle Kennedy was appointed VP, Clinical Development. And Mike Ramsay was named VP, Manufacturing.
4 min read · 18 July 2016
Leading Ridge Capital Partners has completed the sale of portfolio company, Rugby Architectural Building Products, to Hardwoods Distribution Inc. Financial terms weren’t announced. Concord, New Hampshire-based Rugby is a wholesale distributor of specialty building products.
4 min read · 18 July 2016
Maven Capital Partners and NVM Private Equity LLP have invested 5 million pounds ($6.6 million) in Rockar. The investment is split equally between Maven and NVM. Rockar, of the U.K., is a motor retailer that provides customers with access to the services of a traditional dealership online.
4 min read · 18 July 2016
