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.
2 min read · 13 January 2016
The Abraaj Group has agreed to buy a majority stake in Quality CARE India Limited. Advent International was the seller. Financial terms weren’t announced. CARE, of Hyderabad, is a healthcare provider in India operating 2,600 beds across 16 hospitals in nine cities.
3 min read · 13 January 2016
AV Capital, an Austin private equity firm that just launched, has invested in Kovach Building Enclosures. Financial terms weren’t announced. ORIX Mezzanine & Private Equity also invested equity in Kovach. AV Capital is owned and managed by Vernon Bryant, Dave Alter and Scott Donaldson. Chandler, Arizona-based Kovach designs, makes and installs panel and glazing systems for commercial building enclosures.
5 min read · 13 January 2016
Zerto said Wednesday that it raised $50 million in Series E financing led by IVP. Also taking partner were new investor, Access Industries, via its Israeli entity, Claltech. The round also included participation from all current investors: 83North, Battery Ventures, Harmony Partners, RTP Ventures, U.S. Venture Partners and Mark Leslie who also serves on Zerto's Board of Directors. Boston-based Zerto provides disaster recovery software for virtualized and cloud data centers.
5 min read · 13 January 2016
The Carlyle Group has acquired a majority of TestPlant. Financial terms weren’t announced. Seraphim Capital is the seller. London-based TestPlant makes the Eggplant range of software test automation tools. Redwood Capital Group LLC and Mishcon de Reya LLP advised TestPlant.
4 min read · 13 January 2016
Owner Resource Group LLC said Tuesday that it has acquired GC Services LP. Financial terms weren’t announced. NB Alternatives Advisors LLC, a subsidiary of Neuberger Berman, co-invested in the deal. Houston-based GC Services is an accounts receivable management company.
3 min read · 13 January 2016
Mercato Partners said Wednesday that it promoted Alison Wistner to Managing Director.
2 min read · 13 January 2016
Pritzker Group Private Capital said Wednesday it promoted Adam Milakofsky and Ceron Rhee from vice president to principal of the firm’s services and healthcare investment teams, respectively.
3 min read · 13 January 2016
Time Warner Inc (TWX.N) Chief Executive Jeff Bewkes is against a sale or a spinoff of premium cable channel HBO, but hinted he would be open to a sale of the whole company, the New York Post reported, citing sources.
1 min read · 12 January 2016
Mparticle said Tuesday it raised $15 million in Series A investment led by Social Capital. Existing investors Bowery Capital, Eniac Ventures, Golden Ventures and others also participated. New York-based mParticle is a customer data platform built for mobile and native apps across all devices.
3 min read · 12 January 2016
