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.
Resilience Capital Partners has closed its latest fund at its $350 million hard cap. The target for Resilience Fund IV L.P. was $300 million. Investors of the over-subscribed fund include pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants. Cleveland-based Resilience Capital invests in lower middle market special situations, in businesses with $25 to $250 million in revenues. Griffin Financial Group acted as financial advisor and placement agent.
2 min read · 08 January 2016
MTS Health Investors LLC said Friday that it invested in HCCA Health Connections Inc and HCCA International Inc (collectively known as “HCCA”). Financial terms weren’t announced. Nashville-based HCCA provides offshore clinical resources serving U.S. healthcare companies. Cain Brothers served as financial advisor to HCCA while DLA Piper was outside counsel. Hogan Lovells provided legal counsel to MTS. Cadence Bank provided debt financing.
3 min read · 08 January 2016
Luis Gonzalez has joined New MainStream Capital as a Managing Director. He will be principally responsible for the firm’s healthcare services investments. Previously, Gonzalez was a Managing Director at MBF Healthcare Partners.
2 min read · 07 January 2016
Fleet Complete, a portfolio company of Madison Dearborn Partners, said Thursday it acquired ITmobile. Financial terms weren’t announced. ITmobile, of Toronto, Ontario, Canada, provides fleet telematics and mobile workforce technology.
3 min read · 07 January 2016
Francisco Partners has made another investment in Avalon Healthcare Solutions. Financial terms weren’t announced. Tampa, Florida-based Avalon is a clinical and information technology company.
2 min read · 07 January 2016
Frazier Healthcare Partners said Thursday that Bob Baltera, Howard Dittrich, M.D., and Brian Farmer have joined the Life Sciences team as Entrepreneurs-in-Residence. The group has formed Hawkeye Therapeutics, of San Diego, to license and develop high-quality assets from pharmaceutical companies.
3 min read · 07 January 2016
Alector LLC said Thursday that raised $29.5 million in a Series D financing led by the Dementia Discovery Fund, with new investors Amgen Ventures and AbbVie joining the syndicate. Existing investors Merck Research Lab Ventures, OrbiMed, Polaris Partners, GV (formerly Google Ventures), Topspin Partners and Mission Bay Capital participated in the financing. Alector, a biotechnology company, is developing immuno-modulatory therapies for Alzheimer’s disease and other neurodegenerative disorders.
3 min read · 07 January 2016
C4 Therapeutics said Thursday it closed a $73 million Series A round of financing led by Cobro Ventures. Also participating were Cormorant Asset Management, The Kraft Group, EG Capital Group and angel investors. Other investors include Roche and Novartis. Cambridge, Massachusetts-based C4 is developing novel treatments in the field of targeted protein degradation using proprietary Degronimid™ technology.
4 min read · 07 January 2016
TA Associates said Thursday that William D. Christ, Hythem T. El-Nazer, J. Morgan Seigler and Naveen Wadhera were promoted to Managing Director. Dhiraj Poddar and Patrick Sader were named Director, Jason S. Mironov was elevated to Principal, Clara M. Jackson was made a Senior Vice President and Daniel Brujis was promoted to Vice President.
5 min read · 07 January 2016
Highlander Partners said Thursday it acquired 60 percent of QFG. Financial terms weren’t announced. QFG’s founders have retained 40 percent. Warsaw-based QFG produces meat products in the convenience food segment.
3 min read · 07 January 2016
