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.
Famous Brands International said Wednesday that it named Jonathan T. Drake as its Chief Executive Officer. Drake was most recently a Vice President of the Europe, Middle East and Africa Performance Nutrition Division at GLANBIA plc. Famous Brands is a portfolio company of Z Capital Partners LLC.
4 min read · 14 October 2015
Perella Weinberg Partners said Wednesday that James Dunham has joined the firm as a Managing Director in its Asset Management business. Dunham was previously with Goldman Sachs where he was responsible for creating and enhancing the firm’s partnerships with hedge fund/private equity fund of funds, sub-advised asset managers and outsourced CIO organizations in the United States and Canada.
2 min read · 14 October 2015
DrFirst said Wednesday it raised $25 million in equity financing from Goldman Sachs. Rockville, Maryland-based DrFirst provides healthcare IT solutions.
2 min read · 14 October 2015
Roche has agreed to buy Adheron Therapeutics for $105 million. The deal includes $475 million in additional contingent payments based on achievement of certain predetermined milestones. Berkeley, California-based Adheron is a biotechnology company. Adheron investors include Health Care Ventures, MedImmune Ventures, Partners Innovation Fund, Amgen Ventures, and SROne.
3 min read · 09 October 2015
FilmTrack said Thursday that it raised another $10 million in growth capital. The deal includes $5 million in venture debt financing from Wellington Financial LP and $5 million in venture debt financing from Silicon Valley Bank. Studio City, California-based FilmTrack provides content and rights management for the worldwide media and entertainment industry. Investors include Insight Venture Partners and the Sandberg-Goldberg Trust.
3 min read · 09 October 2015
TorQuest Partners said Friday it has acquired Spinrite LP. UPDATE: The seller was Sentinel Capital Partners. Financial terms weren’t announced. Company management is also investing. Ontario-based Spinrite is a leading producer and marketer of craft yarn in North America.
3 min read · 09 October 2015
New Media Investment Group tried to buy Journal Media Group, which is being sold to Gannett Co Inc , a source said.
2 min read · 09 October 2015
OpenGate Capital, which is out fundraising, has sold TV Guide Magazine to NTVB.
1 min read · 09 October 2015
Madison Dearborn Partners stands to triple its money with the sale of Aderant Holdings Inc, PE HUB has learned.
1 min read · 09 October 2015
Universal American Corp. has agreed to sell its Traditional Insurance business to Nassau Reinsurance Group Holdings LP for about $43 million. Universal American’s Traditional Insurance business includes its Medicare Supplement, Long Term Care, Disability, Life, and other ancillary insurance products, all of which have been in run-off since 2012. Nassau is backed by Golden Gate Capital.
8 min read · 08 October 2015
