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.
To start your morning, Google just unveiled the Fiber Phone, a $10 a month home phone service; Spotify has raised $1 billion in debt from investors led by TPG and Dragoneer; and a survey finds that one in five employees would sell their work passwords, some for the price of dinner.
1 min read · 30 March 2016
6 River Systems Inc said Tuesday that it raised $6 million in seed funding led by Seth Winterroth of early-stage venture fund Eclipse. Also participating was iRobot. Boston-based 6 River provides fulfillment automation for e-commerce and retail operations.
2 min read · 30 March 2016
Bluefin Payment Systems said Tuesday it raised $6 million in growth equity financing led by Financial Partners and Camden Partners. Other investors include Jeff Liesendahl, the former CEO of Accertify, and members of the management team. Atlanta-based Bluefin is the former Capital Payments, provider of payment solutions for U.S. and Canadian merchants.
3 min read · 30 March 2016
Slice Labs Inc said Tuesday it raised $3.9 million in seed funding led by Horizons Ventures and XL Innovate. New York-based Slice Labs is a startup insurtech company that provides an on-demand, pay-per-use insurance platform for the on-demand economy.
4 min read · 30 March 2016
Matteo Perale has joined Creative Artists Agency to help execute CAA’s growth and diversification strategy. Perale was previously with Infront Sports & Media, where he served as the Director of Strategic Development. CAA is backed by TPG.
4 min read · 30 March 2016
Clearink Displays Inc said Tuesday that it raised about $7 million in a second round of funding. Investors include Jinfu, LangSheng Capital and NEY from Shanghai, as well as Altus Ventures and CrossPacific Capital. Santa Monica, California-based Clearink provides reflective display technology for electronic shelf labels, wearables, and mobile devices.
2 min read · 30 March 2016
Blue Point Capital Partners said Tuesday it invested in J. America Inc via a recapitalization. Financial terms weren’t announced. Webberville, Michigan-based J. America designs and distributes decorated and blank apparel and headwear to major retail and wholesale accounts.
3 min read · 30 March 2016
2 min read · 29 March 2016
Advent International has agreed to buy a majority stake in ATI Physical Therapy. KRG Capital Partners was the seller. Bolingbrook, Illinois-based ATI specializes in research-based physical therapy, workers’ compensation rehab, employer worksite solutions and sports medicine. Jefferies and UBS served as financial advisors and Hogan Lovells served as legal advisor to ATI. Barclays provided financial advice to Advent while Weil, Gotshal & Manges LLP and McDermott Will & Emery were their attorneys.
5 min read · 29 March 2016
Grey Mountain Partners has recapitalized portfolio company Binswanger Enterprises LLC. Yukon Partners is providing mezzanine capital as part of the deal and taken a minority stake in Binswanger. Financial terms weren’t announced. Memphis-based Binswanger is an installer and retailer of architectural glass and aluminum products. Grey Mountain invested in Binswanger in 2012.
3 min read · 29 March 2016
