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.
AloStar said Monday it has committed $10 million to CapFlow Funding Group Managers LLC. Rutherford, New Jersey-based CapFlow provides factoring, purchase order funding, refactoring and small, cash flow-based loans.
1 min read · 16 February 2016
Nexif Energy, a portfolio company of Denham Capital, has acquired a majority of Viet Hydro Pte Ltd. Financial terms weren’t announced. The deal gives Nexif a controlling stake in the 30 megawatt (MW) Coc San hydro power project in Vietnam. InfraCo Asia Development Pte is retaining its stake in Viet Hydro.
3 min read · 16 February 2016
2 min read · 15 February 2016
The Blackstone Group said Thursday it has committed an undisclosed amount to the formation of Clarion Offshore Partners LLC. The former executive management team at Pride International -- including Louis Raspino, Greg Looser, Kevin Robert, and Ron Toufeeq – are leading Clarion, a Houston-based provider of financial, strategic and operational solutions to the challenged offshore drilling and services industry.
3 min read · 11 February 2016
Trilantic North America has acquired a minority stake in 24-7 Intouch Inc. Financial terms weren’t announced. Greg Fettes and Jeff Fettes, who founded 24-7 Intouch in 2000, will remain the majority shareholders and continue to lead the company. 24-7 Intouch, of Winnipeg, Manitoba, provides customer support services in North America and Guatemala. Robert W. Baird & Co. advised 24-7 Intouch. Fillmore Riley LLP provided legal advice to 24-7 while Kirkland & Ellis LLP advised Trilantic.
2 min read · 11 February 2016
Wipro Ltd. said Thursday it has agreed to buy HealthPlan Services for $460 million. Water Street Healthcare Partners is the seller. Tampa-based HealthPlan Services provides sales, benefits administration, retention, reform and technology solutions to the insurance and managed care industries.
4 min read · 11 February 2016
Student.com said Thursday that it raised a $60 million round led by VY Capital. Horizons Ventures (the technology investment arm of Mr Li Ka-Shing’s fund), Expa, Spotify founders Daniel Ek and Martin Lorentzon and Hugo Barra from Xiaomi also participated. London-based Student.com is a marketplace for international student accommodation.
4 min read · 11 February 2016
JetBlue said Thursday it has launched JetBlue Technology Ventures will invest in, incubate and partner with early stage startups at the intersection of technology, travel and hospitality. The VC subsidiary will operate from the GSVlabs campus in Redwood City, California.
3 min read · 11 February 2016
KKR has completed its buy of 80 percent of Gestamp Solar. The deal was announced in July. Gestamp Solar, which develops and operates utility-scale photovoltaic plants, has changed its name to X-ELIO.
5 min read · 11 February 2016
J.W. Childs Associates LP is investing in RevZilla. Financial terms weren’t announced. J.W. Childs has formed a new holding company that will include its investments in RevZilla and portfolio company Cycle Gear Inc. Both companies will continue to operate as independent sister companies. Philadelphia-based RevZilla is an eCommerce retailer that provides motorcycle enthusiasts with apparel, accessories, and parts.
3 min read · 11 February 2016
