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.
Statflo Inc. said Wednesday that it raised $2.4 million in a seed round led by Round13 Capital. Also participating were Extreme Venture Partners, MaRS IAF, Globalive Capital, Rising Tide Fund, Garage Capital, Hedgewood and TIO Networks. Toronto, Ontario-based Statflo provides a data-driven platform to wireless dealers and operators that aims to increase sales and engage sales reps.
3 min read · 10 February 2016
WorldRemit said Wednesday it raised $45 million from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank. London-based WorldRemit is a money transfer service app that lets people send money from their smartphone.
4 min read · 10 February 2016
Connor Industries Inc said Tuesday that it named Joseph McCormick its CEO. Kurien Jacob, Connor’s current acting CEO, has become Chairman of the Board. McCormick previoulsy led the operations of several divisions of Sensus, including as President of Die Cast Holdings, from 1999 to March 2015. Connor is a portfolio company of The Argentum Group.
3 min read · 10 February 2016
A10 Capital said Wednesday that closed a $75 million investment facility from KKR. A10, of Boise, Idaho and Dallas, is a middle market commercial real estate lender. Existing investors include BlackRock, H.I.G. Capital and THL Credit.
3 min read · 10 February 2016
Nautic Partners LLC said Wednesday that it completed the sale of All Metro Health Care Services Inc. (All Metro) to One Equity Partners. Financial terms weren’t announced. Valley Stream, New York-based All Metro is a licensed home care agency that provides home and community based services in New York, Pennsylvania, New Jersey and Florida. Harris Williams & Co. and Cain Brothers & Company, LLC provided financial advice to All Metro, while Oppenheimer & Co. Inc. was strategic advisor to All Metro’s board of directors. Goodwin Procter LLP acted as legal counsel for the Company. Jones Day acted as legal counsel for One Equity.
5 min read · 10 February 2016
BluePay, a portfolio company of TA Associates, has acquired Billhighway. Financial terms weren’t announced. Troy, Michigan-based Billhighway provides software that integrates payment processing for associations and large not-for-profit organizations. Vince Thomas, Billhighway’s chairman and founder, will continue to lead the company.
3 min read · 09 February 2016
Capital One Growth Ventures has invested $14 million in Vast. It’s unclear how big of a stake Capital One Growth owns of Vast, an Austin provider of big data solutions for automotive and real estate businesses. The deal calls for Jaidev Shergill, Managing Partner of Capital One Growth Ventures to join the Vast board.
3 min read · 09 February 2016
Modere said Monday it named Josh Kirschbaum its Chief Operations Officer and Brad Christensen its Chief Information Officer, effective immediately. Modere is a portfolio company of Z Capital Partners LLC.
3 min read · 09 February 2016
Ghostery, a portfolio company of Warburg Pincus LLC, said Monday that it named Jim Weber its CFO. Prior to Ghostery, Weber was CFO of iLevel Solutions.
3 min read · 09 February 2016
KKR has signed three agreements to buy 50 percent of Välinge. KKR, through the agreements, is buying two 20 percent stakes owned by current minority owners, Kronospan and Swiss Krono Group, as well as a 10 percent stake held by the founder. Financial terms weren’t announced. Välinge, of Sweden is an R&D company in the flooring and furniture industries.
5 min read · 09 February 2016
