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.
Eddyfi Technologies said May 28 that it acquired Silverwing, a portfolio company of NVM Private Equity. Financial terms weren’t announced. Silverwing, of the U.K., develops and makes non-destructive testing (NDT) products to inspect storage tanks, vessels and piping for corrosion. HSBC Bank Canada and Investissement Quebec provided financing.
3 min read · 31 May 2016
Hooch Inc said May 31 that it raised $950,000 in a pre-series A interim funding round led by Blue Scorpion Investments LP. New Yok-based Hooch is a members only cocktail society app.
1 min read · 31 May 2016
CVC said May 27 that it agreed to sell 4.5 million shares of Univar Inc to Longview Asset Management. Financial terms weren’t announced. Seattle-based Univar distributes industrial and specialty chemicals.
2 min read · 31 May 2016
Aspect Software said May 30 that emerged from its court restructuring process and reduced debt by more than $320 million. Aspect filed for Chapter 11 bankruptcy protection in March. GSO Capital, a unit of Blackstone, Guggenheim Partners Investment Management LLC, and MidOcean Credit Partners led the arrangement. Phoenix-based Aspect is a call center technology company. Aspect’s advisors were Kirkland & Ellis (as restructuring counsel), Jefferies LLC (as investment banker) and Alix Partners LLP (as restructuring advisor).
3 min read · 31 May 2016
Ixaltis said May 31 that it raised 8 million euros ($8.9 million) in funding. Investors include Irdinov, Ix o Private Equity, Principia and Sofimac as well as Pierre Olivier Goineau, current President of France Biotech. Paris-based Ixaltis is a biopharmaceutical research and clinical development, specializing in genito-urinary diseases.
1 min read · 31 May 2016
KKR said May 30 that Rob Yang has joined as an MD and Head of Greater China in KKR’s Real Estate team effective June 1. Yang will be based in Hong Kong. Yang joins KKR from The Blackstone Group in Hong Kong, where he was an MD in its real estate group.
3 min read · 31 May 2016
Levine Leichtman Capital Partners said May 31 that it acquired GL Education. Financial terms weren’t announced. London-based GL provides educational assessments in the United Kingdom and Europe.
2 min read · 31 May 2016
To start your morning, the Verizon strike is finally ending after 6.5 weeks, Viacom board members vow to fight any attempts to oust them, plus animals rights activists held a vigil for Harambe, the 17-year-old lowland gorilla killed at the Cincinnati Zoo.
1 min read · 31 May 2016
4 min read · 31 May 2016
Only one GP told us he would be working this weekend: working on his tan, his marriage and having a great Sunday cocktail hour.
3 min read · 27 May 2016
