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.
American Securities said June 27 that it has acquired Milk Specialties Global from Kainos Capital. Financial terms weren’t announced. Eden Prairie, Minnesota-based Milk Specialties is a human and animal nutrition company. Morgan Stanley and Houlihan Lokey acted as financial advisors and Greenberg Traurig acted as legal advisor to Milk Specialties in this transaction.
3 min read · 28 June 2016
TorcSill Foundations LLC, which is backed by Intervale Capital, said June 28 that it acquired AnchorPipe International Inc. Financial terms weren’t announced. Houston-based AnchorPipe is a North American provider of onshore and offshore pipeline anchoring solutions to the Oil & Gas industry.
3 min read · 28 June 2016
SpringCM said June 27 that it received $17.5 million in funding from existing investors, including Foundation Capital, North Bridge Venture Partners, Bluestem Capital and Square 1 Financial, as well as new financial partners Panorama Partners and Wellington Financial. Chicago-based SpringCM is a sales contract lifecycle management (CLM) platform.
1 min read · 28 June 2016
Prashant Fuloria has joined Fundbox as Chief Product Officer while Oren Katz was named Vice President of R&D and Michal Cieplinski was appointed General Counsel & Chief Compliance Officer. Johnson Ma has also joined Fundbox as Vice President of Business Development. Fuloria was previously SVP of Advertising Products at Yahoo. Katz was with eXelate where he was VP R&D and General Manager, while Cieplinksi was previously MD and Senior Counsel at The Bank of New York Mellon and Ma was with Trial Pay.
3 min read · 28 June 2016
Pavilion Financial Corp said June 28 that it is buying Altius Holdings Ltd. Financial terms weren’t announced. Altius Holdings is the parent of Altius Associates Ltd. and Altius Associates (Singapore) Pte Ltd, a global private markets advisory and separate account management firm with offices in the UK, U.S. and Singapore. The deal is expected to close in third quarter.
4 min read · 28 June 2016
2 min read · 27 June 2016
Quikly said June 24 that it raised $3 million in funding led by Plymouth Ventures. Quikly, of Detroit, provides marketing services focused on customer retention, acquisition, and revenue generation.
1 min read · 27 June 2016
Ayla Networks said June 27 it raised $39 million in Series C financing led by Ants Capital. Other investors include 3NOD, Mitsui and Acorn Pacific. Existing Ayla investors Cisco Investments, Crosslink Capital, International Finance Corp (IFC, a division of World Bank Group), Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital also reinvested. Santa Clara, California-based Ayla provides a global Internet of Things (IoT) platform for manufacturers.
1 min read · 27 June 2016
Oaktree Capital Management LP has increased its investment in NGL Energy Partners LP to $240 million from $200 million. The transaction, private placement, includes a vehicle funded by Partners Group.
4 min read · 27 June 2016
KKR is investing in Resource Environmental Solutions LLC (RES). Financial terms weren’t announced. RES provides ecological solutions in the United States.
4 min read · 27 June 2016
