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.
NXT Capital said April 14 it provided $61 million in loans to back Varsity Healthcare Partners’ refinancing of its portfolio company, EyeCare Services Partners. Towson, Maryland-based EyeCare consolidates locally dominant, clinically differentiated eyecare services practices and affiliated surgical centers in selected geographies.
2 min read · 14 April 2016
Jolata said April 13 it raised $7 million in a second round of financing from Spirent Communications, Ericsson and ATA Ventures. ATA Ventures had been the sole investor up to this time. San Jose-based Jolata is a big data analytics software company.
3 min read · 14 April 2016
Nexthink said April 14 it raised $40 million in an investment round led by Highland Europe. Also participating were the Bertarelli family’s Waypoint Capital and existing investors Auriga Partners and Galeo Ventures. Nexthink, of Switzerland, provides end-user IT analytics.
3 min read · 14 April 2016
In First Read, Facebook hires a top Google executive to lead its research lab, Kobe Bryant scores 60 points during his final game and Poshmark raises $25 million in a round led by GGV Capital.
1 min read · 14 April 2016
Industrial Opportunity Partners said April 14 it has invested in Moulure Alexandria Moulding Inc through a recapitalization. Financial terms weren’t announced. Alexandria, Ontario-based Alexandria makes and distributes wood mouldings and related millwork products for the Canadian and Northern U.S. residential housing markets. Osprey Capital Partners represented the shareholders of Alexandria. Wells Fargo and Scotiabank provided financing while McDermott, Will & Emery were their attorneys.
3 min read · 14 April 2016
Luma Capital Partners has invested in HookLogic. Financial terms weren’t announced. New York-based HookLogic provides performance marketing for brands. Luma Capital is the venture capital fund of LUMA Partners.
3 min read · 13 April 2016
Silversmith Capital Partners said April 11 that Mike Lester, Bill Ready and Ashok Subramanian have been named Senior Advisers. Lester is currently CEO and Founder of LifeStance Health while Ready is the SVP, Global Head Product & Engineering at PayPal. Subramanian is the co-founder and CEO of Liazon.
3 min read · 13 April 2016
Warburg Pincus is buying a majority stake in Reiss Holdings. The deal values the Reiss business at 230 million pounds ($260 million). Reiss is a men's and women's fashion and accessories brand. David Reiss will retain a significant investment in the business and will remain as Chairman and CEO. Morgan Stanley advised Reiss Holdings while Squire Patton Boggs was their attorney. Financo acted as financial advisor to Warburg Pincus, while Freshfields Bruckhaus Deringer LLP acted as legal advisor.
3 min read · 13 April 2016
Contractor Management Services, a portfolio company of Riverside Partners, has named Drake Pruitt as its Chief Executive Officer. Pruitt has been running the company as Executive Chairman.
3 min read · 13 April 2016
TricorBraun, a portfolio company of CHS Capital, has acquired The Packaging Design Group. Financial terms weren’t announced. Cockeysville, Maryland-based The Packaging Design Group distributes rigid packaging.
2 min read · 13 April 2016
