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.
Levine Leichtman Capital Partners said May 16 it has acquired of Pacific Handy Cutter Inc. Financial terms weren’t announced. Irvine, California-based Pacific Hand makes specialized cutting tools and replacement blades. UPDATE: In a separate release, American Capital Ltd, the seller, said it made it realized 1.8 times its investment with the sale of Pacific Handy. The deal generated a compounded annual rate of return of 9.8 percent, including interest and fees, American Capital said.
2 min read · 17 May 2016
New MainStream Capital said May 16 that it has acquired Constellation Behavioral Health LLC. Financial terms weren’t announced. Mill Valley, California-based New Mainstream offers specialized treatment programs for addiction, mental health and co-occurring behavioral health disorders. Coker Capital Advisors served as financial advisor to CBH and Perkins Coie LLP acted as legal advisor to the Company. McDermott Will & Emery provided legal advice to NMS.
4 min read · 17 May 2016
2 min read · 16 May 2016
CircleCI said May 16 it raised $18 million in Series B funding led by Scale Venture Partners. Existing investors DFJ, Baseline Ventures, and Harrison Metal also participated in the round. CircleCI provides a software platform that aims to help developers to rapidly release code for web and mobile apps.
4 min read · 16 May 2016
Acacia Partners has exited its investment in Questco Companies. Financial terms weren’t announced. Houston-based Questco is a professional employer organization that provides outsourced human resource solutions. Metronome Partners served as Questco’s financial advisor on the transaction.
2 min read · 16 May 2016
Amadeus Capital Partners on May 16 said they invested in Inotec AMD. Financial terms weren’t announced. Inotec, of Cambridge England, makes mobile medical devices designed to heal chronic, hypoxic wounds.
3 min read · 16 May 2016
In First Read, Mark Zuckerberg is hosting a summit for conservative leaders on Wednesday, Google is facing a record breaking $3 billion EU fine for web search monopoly abuse and Yellowstone tourists put a baby bison in their car because they thought she was freezing.
1 min read · 16 May 2016
4 min read · 16 May 2016
Littlebanc Advisors LLC said May 13 it made a follow-on investment in Adams Arms LLC. Financial terms weren’t announced. Odessa, Florida-based Adams Arms makes proprietary firearm products based on the Company's patented gas piston impingement system for AR-15/M-16 style rifles. Adams' products includes rifles, barrels, receivers, full uppers, retrofit kits, and accessories for rifles.
2 min read · 15 May 2016
2 min read · 12 May 2016
