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.
OwnBackup said Thursday it closed a 3.5 million Series A financing round led by Eric Schmidt’s Innovation Endeavors with participation from Oryzn Capital. OwnBackup, of Fort Lee, New Jersey and Herzliya Pituach, Israel, is a cloud-to-cloud backup and recovery vendor.
3 min read · 04 February 2016
Cerberus Capital Management LP said Thursday that Jose Luis Marín has joined the firm as Chairman of the firm's renewable energy investments business. He was previously CEO of Endesa Diversificación and President and CEO of Endesa Red. Cerberus also said it completed its buy of Renovalia Energy SA from the Ortega Family and IDM Ortemar. Renovalia operates in six countries and has more than 650 megawatts of power generation under management along with a global development pipeline of wind farms and solar PV plants. Watson Farley & Williams LLP and Ashurst LLP provides legal advice to Cerberus. KPMG provided financial advice to Cerberus. Bird & Bird LLP provided legal advice to Renovalia.
2 min read · 04 February 2016
Vertical / Trigen Holdings LLC, a portfolio company of Avista Capital Partners, has closed its merger with Osmotica Holdings Corp Ltd. Financial terms weren’t announced. Vertical / Trigen and Osmotica are both pharmaceutical companies. The deal was announced in December.
3 min read · 04 February 2016
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, has agreed to buy CapitalAnalytics from Neuberger Berman. Financial terms weren’t announced. Dallas-based CapitalAnalytics provides private equity fund administration services for GPs and portfolio administration services for LPs.
3 min read · 04 February 2016
Breakaway said Wednesday that Tom Jump has joined as President. Jump was previously EVP and Global Director at Leo Burnett Worldwide.
2 min read · 04 February 2016
EQT has agreed to sell Energy from Waste to Beijing Enterprises Holding. Financial terms weren’t announced. Energy from Waste, of Germany, produces electricity, district heating and process steam for industrial use. Morgan Stanley advised EQT.
3 min read · 04 February 2016
H.I.G. Growth Partners said Thursday it completed the sale of its stake in Media Properties Holdings to Cannella Response Television. Financial terms weren’t announced. The deal was announced Jan. 28. Media Properties owns media companies – AdMore and REVShare-- that provide media buying, creative, lead generation and CPA TV advertising. ZMC, Palladium Equity Partners and Veronis Suhler Stevenson will continue as investors. Petsky Prunier Securities advised Media Properties.
3 min read · 04 February 2016
Geofeedia said Wednesday it raised $17 million, including a $15 million investment from Silversmith Capital Partners. Existing investors participated in the round. Chicago-based Geofeedia is a location-based intelligence platform. GCA Savvian provided financial advice to the company.
3 min read · 03 February 2016
Cormac Whelan has joined Mercator Solutions as CEO. Whelan is currently the Chairman of Boxever. Mercator is a portfolio company of Warburg Pincus.
3 min read · 03 February 2016
Grapeshot said Wednesday it raised $8.5 million in funding co-led by IQ Capital and Draper Espirit. Existing investor Albion Ventures are participated. Grapeshot, of New York, London and Singapore, is a keyword technology provider.
3 min read · 03 February 2016
