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.
Scott Bonham has joined Scotiabank’s board. Bonham is the Co-Founder and Partner of The Fueling Station.
2 min read · 26 January 2016
2 min read · 25 January 2016
3 min read · 25 January 2016
Swander Pace Capital said Monday it completed its buy of Swanson Health Products. Financial terms weren’t announced. Fargo, North Dakota-based Swanson is an online and catalog marketer of Swanson-branded and third-party healthy living products. Kirkland & Ellis LLP advised Swanson.
3 min read · 25 January 2016
Opus Bank said Monday it agreed to buy Pensco Trust Company from Pensco Services LLC. Terms of the deal call for Pensco shareholders to receive 1,698,529 shares of Opus Bank common stock and $47.25 million in cash. San Francisco-based Pensco Trust is a custodian of self-directed IRA and alternative investments with nearly $11 billion of custodial assets. Credit Suisse Securities (USA) LLC and Sandler O'Neill + Partners LP advised Opus Bank while Holland & Knight LLP was their attorney. Financial Technology Partners LP and FTP Securities LLC advised Pensco while Goodwin Procter LLP provided legal advice.
6 min read · 25 January 2016
Mprest said Sunday it raised $20 million in Series A funding led by GE Ventures and Our Crowd. Mprest provides monitoring and control software for the Internet of Things.
4 min read · 25 January 2016
August Equity LLP said Monday that Tim Thomas has joined as a Director focusing on new investments. Thomas worked previously at RJD Partners, Hermes Private Equity and Bridgepoint Development Capital.
2 min read · 25 January 2016
MEP Health LLC has merged with US Acute Care Solutions, a portfolio company of Welsh, Carson, Anderson & Stowe. Financial terms weren’t announced. The deal was announced in November and closed Dec. 31. Germantown, Maryland-based MEP provides emergency care services. Deloitte Corporate Finance LLC provided financial advice to MEP.
3 min read · 25 January 2016
Dos Rios Partners has invested in ikan International and MicroSearch. Financial terms weren’t announced. Houston-based ikan designs, markets, and distributes video and film production equipment and camera accessories primarily sold under the ikan brand name. Microsearch, also of Houston, is a specialty retailer and integrator of video production cameras and accessories. Glaucon Capital Partners served as ikan's financial advisor. Cadence provided debt financing. Locke Lord was Dios Rios’ attorney.
3 min read · 25 January 2016
Chi-X Global Holdings LLC said Sunday it is selling Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong to J.C. Flowers & Co. Financial terms weren’t announced. Chi-X Global operates market centers in Australia, Canada and Japan while Chi-Tech provides technology services to its business lines.
3 min read · 25 January 2016
