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.
ObserveIT said April 27 that it named Mike McKee its Chief Executive Officer. McKee previously served as an Executive Officer at Rapid7. ObserveIT is backed by Bain Venture Capital.
3 min read · 27 April 2016
Peak Rock Capital has agreed to buy Diamond Crystal Brands Inc from Hormel Foods Corp. Financial terms weren’t announced. Savannah, Georgia-based Diamond Crystal makes and distributes customized foodservice solutions, including sauces, dressings, condiments, drink mixes, salt, pepper, sweeteners and other food and beverage products.
3 min read · 27 April 2016
Brentwood Associates has invested in Pacific Catch. Financial term of the deal weren’t announced. CEO Steve Stoddard will continue to lead the existing management team. San Francisco-based Pacific Catch is a Westcoast Fish House serving fresh seafood inspired by the culinary traditions of the Pacific. Pacific Catch was represented by Veritas Corporate Law, and Brentwood was represented by Burr & Forman LLP.
4 min read · 27 April 2016
Francisco Partners has acquired SintecMedia. Financial terms weren’t announced. SintecMedia’s management team is also investing. Existing shareholders, including Riverwood Capital, were the sellers. SintecMedia provides broadcast management software.
3 min read · 27 April 2016
Apollo Global Management has closed its buy of The Fresh Market Inc. The $1.4 billion deal was announced in March.
4 min read · 27 April 2016
2 min read · 26 April 2016
Integrated Beverage Group, which is backed by Juggernaut Capital Partners, said April 26 that it named Mike Salzberg as its chairman, and Gary Turner as its executive vice president of sales. IBG also recently named Brett Zimmerman, Master Sommelier, as its chief wine officer. Salzberg most recently served as president and COO of Advantage Sales and Marketing (now called Advantage Solutions), while Turner was most recently the vice president of operations for ARAMARK. Zimmerman owns Boulder Wine Merchant and is a former Colorado general manager of the American Fine Wine Division of Southern Wine & Spirits.
3 min read · 26 April 2016
Allied 100 LLC, a portfolio company of Ridgemont Equity Partners, has acquired Lifeguard Medical Solutions. Financial terms weren’t announced. Lifeguard Medical distributes automated external defibrillators and accessories.
2 min read · 26 April 2016
China's biggest e-commerce company Alibaba Group Holding Ltd's affiliate Ant Financial Services Group has closed a $4.5 billion funding round, paving the way for a long-expected initial public offering (IPO), Reuters News reported.
2 min read · 26 April 2016
2 min read · 26 April 2016
