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.
RegionalCare Hospital Partners and Capella Healthcare Inc are merging. Financial terms weren’t announced. The new company will have 18 hospital campuses in 12 states with more than 13,000 employees, 2,000 affiliated physicians and $1.7 billion in revenues. RegionalCare is backed by Apollo Global Management. Barclays, Royal Bank of Canada, Deutsche Bank, Credit Suisse, and UBS are providing financing. Barclays served as financial advisor to RegionalCare. Akin Gump Strauss Hauer & Feld LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as RegionalCare's legal advisors. Kirkland & Ellis served as Capella's legal advisor.
4 min read · 23 March 2016
Lavu Inc has named Marc Chesley as its CEO. He succeeds Andy Lim who is stepping down as CEO but will remain on the Board. Chesley was previously Chief Technology Officer for Infusionsoft. Lavu, which provides iPad point of sale software for restaurants, is backed by Aldrich Capital Partners.
4 min read · 23 March 2016
Fove Inc said Tuesday that it raised $11 million in a Series A round led by Colopl VR Fund. Hon Hai VC fund 2020 as well as Samsung Venture Investment also participated. San Francisco-based Fove is an eye-tracking Virtual Reality headset company.
2 min read · 23 March 2016
HIG Capital has completed the sale of Looping Group to Ergon Capital Partners. Financial terms weren’t announced. Paris-based Looping operates regional amusement parks in Europe.
3 min read · 23 March 2016
Monroe Capital LLC has established a Specialty Finance Lending practice. It will be led by Aaron Peck, Lee Stern and Kyle Asher.
2 min read · 23 March 2016
In First Read, Google is killing its Chrome app launcher in July, DoorDash raises $127 million in down round and a man in Seattle won't come down from a very large tree.
1 min read · 23 March 2016
2 min read · 22 March 2016
HGGC said Tuesday it agreed to sell Serena Software to Micro Focus International plc at an enterprise value of $540 million in cash. San Mateo, California-based Serena provides IT application development and deployment solutions. Serena will be the first exit out of HGGC’s second fund, which closed at $1.33 billion in March 2015.
3 min read · 22 March 2016
Oskar Blues Brewery, which is backed by Fireman Capital Partners, has acquired Cigar City Brewing of Tampa Bay, Florida, according to an announcement on the Cigar City website. Financial terms weren’t announced.
1 min read · 22 March 2016
Medivate Partners said Monday it invested $12 million in Sillajen. Busan, South Korea-based Sillajen is an oncolytic immunotherapeutic firm currently in Phase III multi-national clinical development in US, Europe and Asia.
2 min read · 22 March 2016
