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.
Audax Private Equity has acquired Preferred Compounding from Wingate Partners. Financial terms weren’t announced. Barberton, Ohio-based Preferred develops and makes elastomeric compounds in North America.
2 min read · 03 February 2016
Ship Supply International, a portfolio company of H.I.G. Capital, has acquired Alliance Supply Management. Financial terms weren’t announced. Houston-based Alliance is a port logistics business that provides last-mile delivery of required deck & engine maintenance products and critical perishable goods to commercial vessels throughout the U.S. Gulf Coast.
4 min read · 03 February 2016
Esentire Inc said Wednesday that it raised $19.5 million co-led by Edison Partners and Georgian Partners. Cisco Investments, Northleaf Ventures Catalyst Fund and Information Venture Partners II LP also invested. Esentire, of Cambridge, Ontario, provides managed cybersecurity services.
5 min read · 03 February 2016
Amadeus Capital Partners has led a $40 million investment in Travelstart. MTN also invested. Travelstart is an online travel agency in Africa.
4 min read · 03 February 2016
Carfoldio has raised $1.5 million in funding led by Sweet Capital. Other investors in the round include Joe Stelzer, Founder of Silver Cloud Ventures Ltd; Riccardo Zacconi, CEO of King Digital Entertainment and Howard Socol, former CEO of Barneys, New York and JCREW, along with many of the original seed investors. Carfoldio is known for the mifold, a compact and portable child car safety seat.
3 min read · 03 February 2016
3 min read · 03 February 2016
Mission Therapeutics said Tuesday it raised a 60 million pound ($85.8 million) financing round led by Imperial Innovations Businesses LLP. New investor Woodford Patient Capital Trust Plc took part with follow-on investment from existing shareholders Sofinnova Partners, SR One, Roche Venture Fund and Pfizer Venture Investments. U.K.-based Mission Therapeutics is a drug discovery and development company.
3 min read · 02 February 2016
3M said Monday that it completed the sale of Pressurized Polyurethane Foam Adhesives to Innovative Chemical Products Group, a portfolio company of Audax Private Equity. The deal was announced in January.
1 min read · 02 February 2016
Synoptek, a portfolio company of Sverica Capital Management LLC, has acquired EarthLink’s IT Services business. Five Points Capital and Portfolio Advisors are also investing. Zions Bank and Comerica are providing debt financing. Atlanta-based Earthlink, in a separate announcement, said the sale impacts approximately 1,700 customers that are serviced through data centers and office locations in the continental US and Canada. Earthlink said it would receive $29 million in proceeds for the business. Bank Street served as EarthLink's exclusive financial advisor and Troutman Sanders provided legal advice.
3 min read · 02 February 2016
High Road Capital said Tuesday it sold Panos brands LLC to Hammond, Kennedy, Whitney & Company Inc. Financial terms weren’t announced. Rochelle Park, New Jersey-based Panos makes and markets natural and specialty food products like KA-ME Asian foods, Andrew & Everett hormone-free cheeses, MI-DEL gluten-free and peanut-free cookies and pie crusts. Harris Williams & Co. advised PANOS while Jones Day provided legal advice.
3 min read · 02 February 2016
