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.
CloudOne said April 6 it secured $9 million in Series E venture funding led by Plymouth Ventures. Also participating were Hercules Technology Growth Capital and existing investors Bootstrap Venture Fund, Chatham Ventures, Elevate Ventures and Ryan Diem. CloudOne is a software-as-a-service firm that reportedly helps companies manage Internet-connected products.
2 min read · 07 April 2016
Precision Global, a portfolio company of Peak Rock Capital, said April 6 that that Victor Martinez has been appointed General Manager of Precision Mexico and Precision Venezuela. Martinez previously served as a General Manger at Berry Plastics.
3 min read · 07 April 2016
Waveland Investments LLC has acquired Always For Me. Financial terms weren’t announced. Always For Me is an online retailer of plus size swimwear and other plus size clothing.
2 min read · 07 April 2016
Nautic Partners has closed the sale of Superior Vision Corp to Centerbridge Partners LP. Financial terms weren’t announced. Linthicum, Maryland-based Superior Vision is an eye care company offering solutions to the full spectrum of the vision marketplace, including employer groups, health plans, and government-sponsored programs. Houlihan Lokey and Triple Tree served as financial advisors to Superior Vision, and Locke Lord LLP acted as legal counsel.
3 min read · 07 April 2016
ABRY Partners has made a minority investment in Edgile. Financial terms weren’t announced. Austin-based Edgile is provides strategic security and risk consulting services to Fortune 500 companies.
2 min read · 07 April 2016
Blue Point Capital Partners said April 6 that it acquired Tierra Sol Ceramic Tile Ltd. Financial terms weren’t announced. Brampton, Ontario-based Tierra Sol distributes ceramic and porcelain tile, glass and metal accents, and natural stone products that are used for floors, walls, and commercial and residential applications.
3 min read · 07 April 2016
In First Read, the Yahoo "book" going out to bidders says revenue at the company is dropping 15 percent and earning are falling by over 20 percent, Dispatch has raised a $2 million seed round led by Andreessen Horowitz’s Chris Dixon and Jeff Bezos says Amazon Web Services is on track to reach $10 billion in annual sale.
1 min read · 07 April 2016
Pacific Sunwear of California Inc, a specialty retailer that is backed by Golden Gate Capital, has filed for Chapter 11 bankruptcy protection. Golden Gate is converting more than 65 percent of its term loan debt into the equity of the reorganized company and will provide a minimum $20 million in additional capital once PacSun emerges from Chapter 11. Wells Fargo Bank, National Association are providing a flexible draw $100 million in debtor-in-possession ("DIP") financing to PacSun, which the company can draw on during its reorganization. Wells Fargo has also committed to provide a five-year $100 million revolving line of credit to PacSun once it emerges from Chapter 11. PacSun said all of its stores would remain open as it reorganizes.
10 min read · 07 April 2016
GTCR said Wednesday that it completed a strategic equity investment in Vector Laboratories Inc. Financial terms weren’t announced. Burlingame, California-based Vector provides life science products, including labeling and detection reagents. Kirkland & Ellis LLP provided legal counsel, PricewaterhouseCoopers served as accounting advisor, and BroadOak Partners LLC served as financial advisor to GTCR.
4 min read · 06 April 2016
Arlington Capital Partners has completed its buy of the Defense & Security business of iRobot Corp. The deal calls for Arlington to pay up to $45 million in total consideration. Arlington has established Endeavor Robotics, a standalone company, to focus on the defense, public safety and industrial markets.
4 min read · 06 April 2016
