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.
Clutter said Thursday that it raised a $9 million Series A round of funding from Sequoia. Los Angeles-based Clutter is an on-demand self-storage startup. Total funding for Clutter comes to $12.3 million.
3 min read · 23 October 2015
Berkshire Partners LLC said Thursday it has agreed to buy a majority of Affordable Care Inc. American Capital Equity is the seller. Financial terms weren’t announced but Reuters News valued the deal at more than $800 million. Raleigh, North Carolina-based Affordable Care is denture- and implant-services provider, supporting a network of more than 200 affiliated practices in 39 states under the retail names Affordable Dentures and Affordable Dentures & Implants. Jefferies LLC and William Blair & Company LLC acted as financial advisors to ACI.
3 min read · 22 October 2015
TA Associates is expected to make over 7x its money with the sale of DigiCert Inc, sources said.
2 min read · 22 October 2015
Driven Brands Inc., a portfolio company of Roark Capital, has acquired CARSTAR Auto Body Repair Experts. Financial terms weren’t announced. Champlain Capital Partners was the seller. Overland, Kansas-based CARSTAR is a multi-shop network of independently owned collision repair facilities, operating more than 240 locations in 30 states. Greene Holcomb Fisher advised CARSTAR.
4 min read · 22 October 2015
Pfingsten Partners L.L.C. has acquired Crane 1 Services Inc. Financial terms weren’t announced. Franklin, Ohio-based Crane 1 provides overhead crane services and equipment.
2 min read · 22 October 2015
Bow River Capital has sold AUC Group LP to Argosy Investment Partners. Financial terms weren’t announced. NewSpring Capital provided subordinated debt as well as an equity co-investment. Houston-based AUC provides wastewater treatment solutions to municipalities, Municipal Utility Districts and corporations. Community Banks of Colorado, a division of NBH Bank N.A., provided senior debt financing. Greene Holcomb Fisher advised AUC.
3 min read · 22 October 2015
RevBoss Inc. said Thursday it raised $1.1 million in seed financing round lead by Sovereign’s Capital. Other investors in the round include Robbie Allen, Founder and CEO at Automated Insights, Alston Gardner, Founder and Partner at Fulcrum Equity Partners, and Bruce Boehm, former General Partner at US Venture Partners. Durham, North Carolina-based RevBoss provides sales prospecting software automation.
2 min read · 22 October 2015
ArcLight Capital Partners LLC said Wednesday that it has agreed to sell all of its indirect interests in Michigan Power LP LLC to Rockland Power Partners II L.P. Financial terms weren’t announced. Michigan Power is 125 MW natural gas-fired combined cycle cogeneration plant that sells 100% of its electric output to Consumers Energy Company under the terms of a long-term Power Purchase Agreement.
2 min read · 22 October 2015
Tooling Technology Holdings LLC, a portfolio company of GenNx360 Capital Partners, has acquired G.H. Tool & Mold Inc. Financial terms weren’t announced. Washington, Missouri-based G.H. Tool designs and makes high-quality tooling for die casters in the automotive, outdoor products and aerospace industries.
3 min read · 22 October 2015
Concordia Healthcare Corp. said Wednesday it closed its buy of Amdipharm Mercury Ltd. from Cinven and other sellers. The deal, announced in September, is valued at $3.5 billion. Once the transaction closes, Cinven own about 14.2 percent of Concordia. London-based Amdipharm Mercury is pharmaceutical company.
7 min read · 22 October 2015
