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.
Tmunity Therapeutics said Tuesday that it raised $10 million in equity financing from Penn Medicine, the academic medical center of the University of Pennsylvania (Penn), and Lilly Asia Ventures. Tmunity will use proceeds to develop products to unleash the immunological potential of T cells to treat a wide range of diseases.
5 min read · 12 January 2016
Syros Pharmaceuticals said Tuesday it closed a $40 million financing led by new investor Deerfield Management Company. Also participating were new investor Casdin Capital, as well as existing investors Fidelity Management and Research Company, WuXi Healthcare Ventures, Polaris Partners, Redmile Group, Aisling Capital and Alexandria Venture Investments. Cambridge, Massachusetts-based Syros is a biopharmaceutical company.
2 min read · 12 January 2016
Winona Capital said Tuesday it promoted Jason Sowers to Partner.
2 min read · 12 January 2016
North Bridge said Tuesday that it promoted Won Park to Principal. Chris Cavanagh has joined North Bridge’s growth equity investment team as Principal and Brendan Gibney as Vice President.
3 min read · 12 January 2016
Vista Equity Partners has invested in Vivid Seats Ltd. Financial terms weren’t announced. Chicago-based Vivid Seats is a secondary ticket marketplace for live sports, concerts and theater events. William Blair served as financial advisor to Vivid Seats. RBC Capital Markets served as financial advisor to Vista Equity Partners.
3 min read · 12 January 2016
TGI Fridays, a portfolio company of Sentinel Capital Partners, said Tuesday that it appointed Robert Palleschi its President and Chief Executive Officer, effective Feb. 8. Palleschi replaces Nick Shepherd who stepped down from the company in October 2015. Palleschi currently serves as Global Head of Full Service Brands at Hilton Worldwide.
3 min read · 12 January 2016
Aavid Thermalloy LLC, a portfolio company of Audax Group, said Tuesday that it acquired Niagara Thermal Products LLC. Financial terms weren’t announced. Niagara Falls, New York-based Niagara provides highly engineered thermal management solutions.
2 min read · 12 January 2016
Topspin Partners said Tuesday that it has acquired Polder Housewares. Financial terms weren’t announced. Mamaroneck, New York-based Polder designs, markets and distributes housewares products in the kitchen storage and prep, home organization, and laundry categories.
2 min read · 12 January 2016
Strathspey Crown Holdings LLC said Tuesday it acquired the portfolio companies of Novus Via LP, an Incline Village, Nevada-based VC firm. Financial terms weren’t announced. The deal includes Novus management and the following portfolio companies: Bluon Energy LLC, Luminas International LLC, ThrivalTech LLC, REVx Technologies Inc, GFO Oil LLC and Colorado Energy Research Technologies Inc. Strathspey Crown, of Newport Beach, California, is a growth equity firm specializing in lifestyle healthcare.
3 min read · 12 January 2016
Evergage said Tuesday it raised another $10 million in venture capital led by Arrowroot Capital. Existing investors G20 Ventures and Point Judith Capital also participated. Somerville, Massachusetts-based Evergage is a cloud-based platform that provides personalization to more than 500 million Web visitors.
4 min read · 12 January 2016
