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.
Ivan “Pudge” Rodriguez has joined z9 Capital as Partner and EVP of Business Development. Rodriguez, a retired baseball player, is a 2017 Hall of Fame Nominee. Miami-based z9 is a venture capital firm that seeks to invest between $250,000 to $4 million in early-stage, founder-led companies.
2 min read · 06 June 2016
Vendanta Biosciences said June 6 that it raised $50 million equity financing from investors including Rock Springs Capital, Invesco Asset Management and Health For Life Capital (Seventure). PureTech also joined in the financing. Cambridge, Massachusetts-based Vendanta is developing therapies designed to modulate the human microbiome.
1 min read · 06 June 2016
Bregal Sagemount said June 6 that it invested in STEELE Compliance Solutions Inc, parent of STEELE CIS and Securimate businesses. Financial terms weren’t announced. The deals calls for founder Kenneth Kurtz to be promoted to the Chairman of the Advisory Board, while Eric Lochner has been appointed CEO. San Francisco-based STEELE is a compliance intelligence firm offering third-party due diligence and software-as-a-service (SaaS) solutions. Marks Baughan served as financial advisor and GTC Law Group provided legal counsel to STEELE CIS and Securimate. Goodwin Procter provided legal counsel to Bregal Sagemount.
4 min read · 06 June 2016
General Atlantic said June 5 that Eric Zhang has joined the firm as Managing Director and Head of China. Zhang is a former Global Partner and Managing Director of The Carlyle Group.
2 min read · 06 June 2016
AnaCap Financial Partners said June 6 that it closed its third Credit Opportunities fund at 595 million euros ($674.6 million). AnaCap Credit Opportunities III LP, which was oversubscribed, will target performing, semi-performing or non-performing credit assets comprising primarily consumer, SME and mortgage debt across Europe. AnaCap’s prior credit opportunities fund closed at 350 million euros ($396.8 million) in 2012. Gibson, Dunn & Crutcher served as legal advisors.
2 min read · 06 June 2016
To start your morning, we have news that hundreds of McDonald's staff will be cut as the company prepares moving its headquarters to Chicago, Mark Zuckerberg's Twitter and Pinterest accounts were hacked and Qadium raises $20 million in Series A financing.
1 min read · 06 June 2016
2 min read · 03 June 2016
2 min read · 02 June 2016
BMO Financial Group said June 2 that it agreed to buy Greene Holcomb Fisher. Financial terms weren’t announced. Minneapolis-based Greene Holcomb is a boutique M&A advisory firm.
3 min read · 02 June 2016
The Carlyle Group confirmed June 2 that Olivier Sarkozy has resigned from the firm and will become a Senior Advisor. Sarkozy joined Carlyle eight years ago and led the firm’s financial services team. Carlyle said that John Redett, a senior member of the Financial Services team, and Brian Schreiber, who joins the firm from AIG, will become co-heads of the Carlyle Global Financial Services team. Schreiber served as AIG’s Chief Strategy Officer, Deputy Chief Investment Officer and Global Treasurer.
4 min read · 02 June 2016
