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.
Reichhold, which is backed by Black Diamond Capital Management LLC, is combining with Polynt, which is owned by Investindustrial. Financial terms weren’t announced. The newly formed company, a global specialty chemicals player, will be equally owned by BlackDiamond and Investindustrial. GSO Capital Partners is providing debt financing.
2 min read · 10 May 2016
Jack Raidy has resigned as CEO of W.F. Taylor LLC. Daniel A. Pelton was named the new CEO of W.F. Taylor. Dominus Capital owns a controlling stake in W.F. Taylor.
4 min read · 10 May 2016
Main Street Capital Corp said May 10 that it closed the sale of Safety Holdings Inc, doing business as SambaSafety. Main Street said it realized a gain of about $28.4 million on the deal, which produced an IRR of 143.2 percent. The firm also made 14.6x its money with the sale. ABRY Partners' buy of SambaSafety was announced in April.
3 min read · 10 May 2016
2 min read · 10 May 2016
Lovell Minnick Partners said May 10 that Steven Pierson is joining the firm as President and Partner. Pierson most recently served as Head of FIG Investment Banking Americas and Global Head of Financial Technology & Services at UBS. He will join Lovell Minnick in June.
3 min read · 10 May 2016
Yaron Galai, Co-Founder and CEO of Outbrain Inc, said in a May 10 blog post that the company has raised $45 million in funding. Galai said he did invest in the round but did not disclose outside participants. New York-based Outbrain is a content recommendation company.
1 min read · 10 May 2016
Pamplona Capital Management has provided $50 million in Series B funding to Dyn. Manchester, New Hampshire-based Dyn provides internet performance management services.
4 min read · 10 May 2016
E8 Storage said May 10 that it raised $12 million in Series B financing led by Accel. Magma Venture Partners and Vertex Ventures also invested. E8 is an enterprise storage company.
5 min read · 10 May 2016
E8 Storage said May 10 that it raised $12 million in Series B financing led by Accel. Magma Venture Partners and Vertex Ventures also invested. E8 is an enterprise storage company.
5 min read · 10 May 2016
Voith has agreed to sell its group division, Voith Industrial Services, to Triton. Financial terms weren’t announced. Voith will retain a 20 percent stake in the company. Voith Industrial, a supplier of technical services for the automotive industry, employs 17,200 people and produces sale of more than 1 billion euros.
2 min read · 10 May 2016
