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.
Duff & Phelps Corp., a portfolio company of the Carlyle Group, has acquired CounselWorks LLC. Financial terms weren’t announced. CounselWorks provides strategic advisory and regulatory and compliance services to financial institutions. Equiteq provided financial advice to CounselWorks.
3 min read · 14 January 2016
Wellspring said Thursday that it raised $6 million in funding led by Plymouth Ventures. Existing investor MK Capital also participated. Chicago-based Wellspring provides scouting, corporate venturing, and tech transfer software.
3 min read · 14 January 2016
Island Shore Investments led a $10 million-plus investment in Cymbet Corp., which has been recapitalized and restructured. The announced financing is the first part of a two-part funding round. The second portion, totaling $5-7 million, is to be completed in the first half of 2016. Lubbock, Texas-based Cymbet provides solid state energy storage technology.
2 min read · 14 January 2016
Brynwood Partners said Thursday it agreed to buy Sunny Delight Beverages Co. from J.W. Childs Associates. Financial terms weren’t announced. Cincinnati-based Sunny Delight is a national beverage company with over $400 million in gross sales that employs approximately 480 people. Houlihan Lokey Capital Inc. advised Sunny Delight.
5 min read · 14 January 2016
App Annie said Thursday it raised $63 million led by Greenspring Associates. Also participating were existing investors e.Ventures, Greycroft Partners, Institutional Venture Partners (IVP) and Sequoia Capital. San Francisco-based App Annie is a mobile app data and insights platform.
4 min read · 14 January 2016
James Hunt has joined Kayne Anderson Capital Advisors LP as Managing Partner & CEO of Middle Market Credit. Hunt was previously the founding Chairman, Chief Executive Officer and Chief Investment Officer of THL Credit Inc and THL Credit Advisors LLC created in 2007.
3 min read · 14 January 2016
TA Associates said it completed its minority investment in W.A.G.payment solutions, which is known as Eurowag. Financial terms weren’t announced. Prague-based Eurowag is a provider of payment solutions for freight and passenger carriers across Europe and Turkey.
4 min read · 14 January 2016
Prevalent Inc said Wednesday that it raised $8 million in Series B financing led by Spring Mountain Capital. Existing investor Fulcrum Equity Partners also participated. Warren, New Jersey-based Prevalent provides vendor risk management and cyber threat intelligence analytics.
3 min read · 13 January 2016
Praesidian Capital said Wednesday that it provided a $11.5 million loan to support the recap of Action Target Inc by Dubin Clark. Provo, Utah-based Action Target is a shooting range equipment provider.
3 min read · 13 January 2016
Audax Group said Wednesday it acquired Lifemark Health and Viewpoint Medical Assessments divisions of Centric Health Corp. Announced in November, Centric said it expected to receive between C$230 million and C$235 million. Toronto, Ontario-based Lifemark Health provides physiotherapy and rehabilitation treatment to patients in over 100 clinics, as well as long-term care centers, retirement homes, and communities across Canada. Antares LP and Sankaty Advisors provided financing. National Bank Financial Inc and Canaccord Genuity Corp advised Centric. Stikeman Elliott LLP was Centric’s attorney. Blake, Cassels & Graydon LLP provided legal advice to Audax.
3 min read · 13 January 2016
