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.
HG Data said Thursday it raised $12 million in Series B funding. Investors include Updata Partners as well as early investors Rincon Venture Partners and Epic Ventures. Santa Barbara, California provides competitive intelligence for installed technologies.
3 min read · 24 March 2016
The Riverside Company has agreed to sell Diatron Group to STRATEC Biomedical AG of Germany. Financial terms weren’t announced. Budapest-based Diatron develops, makes and markets compact hematology analyzers for the human medical and veterinary markets. Lincoln International AG, Allen & Overy and E&Y advised Riverside on the transaction.
2 min read · 24 March 2016
Covey Park Gas LLC, a subsidiary of Covey Park Energy LLC, has agreed to buy EP Energy Corp’s assets located in the Haynesville and Bossier shales. The total consideration to be paid is $420 million. The assets, primarily located in Louisiana’s DeSoto and Bossier Parishes, consist of approximately 52,933 gross (34,167 net) acres with Q4 2015 average production of 113 mmcf/d. Covey Park is backed by Denham Capital.
2 min read · 24 March 2016
HIG Capital said Thursday it sold Holding VM Industries group to Actomezz, which is the mezzanine financing team of ACG Capital. Financial terms weren’t announced. HIG created Holding VM Industries group, of France, in late 2009 following the partial buy of automobile connectivity business of the Molex group at the Villemur-sur-Tarn site. The company has 270 employees spread across France, Germany and the UK, including 65 on the Villemur-sur-Tarn site.
3 min read · 24 March 2016
Iterum Therapeutics Ltd said Thursday it raised $40 million in a Series A round led by Frazier Healthcare Partners and joined by Canaan Partners, Sofinnova Ventures and New Leaf Venture Partners. Iterum, of Dublin, is a clinical-stage pharmaceutical company dedicated to developing differentiated anti-infectives.
3 min read · 24 March 2016
In First Read, Pinterest had projected $3 billion in revenue by 2018 but has generated about $100 million in revenue in 2015, Google has been building a live streaming app, YouTube Connect, to compete with Periscope, while a new study links a "common cat" parasite to extreme anger issues.
1 min read · 24 March 2016
3 min read · 23 March 2016
HgCapital has acquired a majority stake in Raet. CVC Capital Partners and management shareholders were the sellers. Financial terms weren’t announced. Raet, of the Netherlands, provides HR cloud software and services. Raet was advised by Rothschild, KPMG and Stibbe.
2 min read · 23 March 2016
Quanterix Corp said Tuesday it secured $46 million in Series D funding led by ARCH Overage Fund, Cormorant Asset Management and Trinitas Capital. ARCH Venture Partners, Bain Capital Ventures, Tufts University, Dr. David Walt and Hercules Capital Inc also participated in the round. Lexington, Massachusetts Quanterix is developing tools in high definition diagnostics.
3 min read · 23 March 2016
Trivergance LLC, along with Falcon Investment Advisors LLC and Landon Capital Partners, has acquired Clarus Commerce. Financial terms weren't announced. Norwest Venture Partners is the seller. Clarus Commerce owns Freeshipping.com, a provider of pre-paid shipping. BBVA Compass Bank and Whitehorse Capital provided senior debt financing. Sanjay Chadda of Petsky Prunier advised Clarus.
6 min read · 23 March 2016
