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.
Monroe Capital said June 29 that Steve Hinrichs has joined the firm as Managing Director in its Los Angeles office. Hinrichs will serve as the firm’s Group Head for the Southern California region. He was previously a Managing Director at Capital One Business Credit.
2 min read · 29 June 2016
AT&T said June 28 it closed its buy of Quickplay Media Inc from Madison Dearborn Partners. Financial terms weren’t announced. Quickplay provides managed services for the distribution of multi-screen video to IP-connected devices. AT&T said it plans to retain Quickplay’s team of more than 350 employees and contractors. The deal was announced in May.
3 min read · 29 June 2016
Solasto Corp, which is majority owned by the Carlyle Group, went public June 29 on the Tokyo Stock Exchange. Carlyle is expected to sell a maximum of 40 percent of Solasto’s outstanding shares, including the overallotment, through the listing. Tokyo-based Solasto, formerly known as N.I.C. Corp, provides medical administrative and staffing services. Carlyle acquired the company in 2011 in a deal valued at $149 million, Reuters News reported at the time.
6 min read · 29 June 2016
Origami Capital Partners has closed its third fund at nearly $371 million. Investors of Origami Opportunities Fund III LP include endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices. Fund III targets assets trapped in complex legal structures or difficult ownership situations. Origami, with offices in Chicago and London, invests globally with a focus on North America and Europe. Sixpoint Partners served as the placement agent while Sidley Austin LLP provided legal counsel for Fund III.
3 min read · 29 June 2016
Cinven said June 29 that its sixth fund closed at its hard cap of seven billion euros (about $8 billion). Cinven invests in European buyouts. The private equity firm targets six sectors including business services, consumer, financial services, healthcare, industrials and technology, media and telecommunications.
2 min read · 29 June 2016
Main Capital has acquired a majority stake in Axxerion. Financial terms weren’t announced. Axxerion, of the Netherlands, provides SaaS solutions for facility management, real estate and general business automation software.
3 min read · 29 June 2016
General Atlantic has invested in Insurity Inc. Financial terms weren’t announced. GA joins TA Associates and Genstar Capital as an investor. Hartford, Connecticut-based Insurity provides insurance software, data integration and analytics solutions.
4 min read · 29 June 2016
2 min read · 28 June 2016
PredictSpring said June 28 that it raised $11.4 million in Series A finacing led by Felicis Ventures. Existing investors Beanstalk Ventures and Novel TMT Ventures participated, while new investors Benvolio Group, the investment arm of Lew Frankfort, Chairman Emeritus, Coach, and his family, also took part. Los Altos, California-based PredictSpring provides a mobile-first commerce platform for brands and retailers.
3 min read · 28 June 2016
Bolder Healthcare Solutions, which is backed by The Edgewater Funds and JZ Capital Partners, has acquired Healthcare Receivable Professionals Inc. Financial terms weren’t announced. Healthcare Receivable provides services for third party liability accounts and specializes in healthcare reimbursement for all payers.
2 min read · 28 June 2016
