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.
Blue Software, which is backed by Diversis Capital, has acquired Eastman Kodak Company’s Design2Launch software and services business. Financial terms weren’t announced. Design2Launch provides brand graphics management technology.
3 min read · 05 May 2016
Bestport Ventures LLP has sold its stake in Vega Technologies Ltd, parent of Dot Net Solutions. New Signature, which is backed by Columbia Capital, is the buyer. Financial terms weren’t announced. London-based Dot Net provides a cloud-managed platform that helps businesses assess, manage and migrate workloads infrastructure. Bestport said it made 2.8x its original investment with the deal that generated an IRR of 50 percent.
3 min read · 05 May 2016
To start your morning, the former Presidents Bush, the last two Republicans to hold the White House, do not plan to endorse Donald Trump, Tribune Publishing unanimously rejects Gannett Co Inc's unsolicited takeover offer and Leopards have lost nearly 75 percent of their historic range.
1 min read · 05 May 2016
Michael Magerman has joined eyebobs as CEO. Magerman most recently served as President and CEO at Quickie Manufacturing Company. Eyebobs is backed by Norwest Equity Partners.
3 min read · 02 May 2016
Norwest Equity Partners has invested in West Star Aviation. Financial terms weren’t announced. East Alton, Illinois-based West Star provides maintenance, repair and overhaul ("MRO") and related support services to the business aviation industry. Harris Williams advised West Star. Skadden, Arps, Slate, Meagher & Flom LLP provided legal services for NEP. Antares Capital, Ally Corporate Finance and Norwest Mezzanine Partners provided financing.
3 min read · 02 May 2016
Varo Money Inc said May 2 that it raised a more than $27 million round of investment led by Warburg Pincus. San Francisco-based Varo is a mobile-only banking start-up. Wachtell, Lipton, Rosen & Katz provided legal counsel to Warburg Pincus.
4 min read · 02 May 2016
Anne Arundel Dermatology Management, a portfolio company of New MainStream Capital, said May 2 that it acquired Montgomery Dermatology Associates LLC. Financial terms weren’t announced. Rockville, Maryland-based Montgomery Dermatology provides general, surgical and cosmetic dermatology services to the Washington D.C. metro area. It will operate under the “Anne Arundel Dermatology” brand name.
2 min read · 02 May 2016
FTV Capital said May 2 that Brad Bernstein was named a managing partner. Bernstein joined FTV in 2003 from Oak Hill Capital Management.
3 min read · 02 May 2016
Amendia Inc said April 29 that Kohlberg & Company LLLC has acquired a majority stake in the company. Financial terms weren’t announced. Marietta, Georgia Amendia develops, designs and makes medical devices used in spinal surgical procedures.
4 min read · 02 May 2016
Healthline Media, which is backed by Summit Partners, has acquired MedicalNewsToday.com and MediLexicon.com. MediLexicon International Ltd was the seller. Financial terms weren’t announced. MedicalNewsToday.com is a leading website in the medical news category, boasting over 132 therapy areas. MediLexicon.com is an online database of medical abbreviations with over 200,000 definitions that are constantly updated.
3 min read · 02 May 2016
