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.
Shawn Neville was named CEO of Aerosoles beginning Sept. 8. He is taking over from interim CEO Caryn Lerner, an operating partner of Palladin Consumer Retail Partners LLC. Neville was previously President of Retail Branding & Information Solutions division at Avery Dennison Corp. Palladin acquired Edison, New Jersey-based Aerosoles, a women’s footwear provider, in June 2014.
3 min read · 08 September 2015
Epic Health Services said Tuesday it acquired Option 1 Healthcare Solutions. Financial terms weren’t announced. Chandler, Arizona-based Option 1 is an enteral nutrition provider. Epic Health is a portfolio company of Webster Capital. UPDATE: Thompson Street Capital Partners is the seller. Livingstone Partners advised Thompson in the sale of Option One.
3 min read · 08 September 2015
Cornerstone Fund Services, the former team of Assure Services that provides outsourced CFO and fund administration services for venture capital and private equity funds, has launched. Salt Lake City-based Cornerstone is an affiliate of Standish Management and will focus on smaller funds, those with than a $100 million.
2 min read · 08 September 2015
Docker Inc. said Tuesday that Mike Gupta has joined as CFO. Docker also said it named its former CFO Eric Bardin to the newly-created role of senior VP of finance and business operations. Gupta was previously SVP of strategic investments at Twitter. Docker is an open platform for developers and administrators to build and run applications. Investors include AME Cloud Ventures, Benchmark, Coatue, Goldman Sachs, Greylock Partners, Insight Venture Partners, Northern Trust, Sequoia Capital, SV Angel, Trinity Ventures and Y Combinator.
3 min read · 08 September 2015
Steve Krognes is joining Denali Therapeutics Inc. as CFO effective Oct. 1. Krognes joins Denali from Genentech, where he has served as CFO and as a member of the Genentech Executive Committee since 2009. San Francisco-based Denali is a biotechnology company focused on developing therapies for neurodegenerative diseases. Investors include Fidelity Biosciences, ARCH Venture Partners, Flagship Ventures and the Alaska Permanent Fund.
3 min read · 08 September 2015
Canada Pension Plan Investment Board has agreed to buy a roughly 21.5 percent stake in Homeplus for $534 million. CPPIB said the investment is part of a consortium deal led by MBK Partners. Tesco agreed to sell Homeplus, its South Korean business, to a group led by MBK for $6.1 billion, Reuters News reported.
2 min read · 08 September 2015
Graycliff Partners has provided financing to Super Color Digital. Financial terms weren’t announced. Las Vegas-based Super Color Digital provides services for brands and marketing companies.
2 min read · 08 September 2015
Chris McCrory has joined 50 South Capital Advisors as a VP on the private equity team. He joins from Pamlico Capital. 50 South Capital is a subsidiary of Northern Trust Corp.
2 min read · 08 September 2015
Silversmith Capital Partners said Tuesday that it closed its first private equity fund with $460 million of commitments. Silversmith Capital Partners I surpassed its initial target by over 30 percent. Boston-based Silversmith Capital will invest in two verticals: software-as-a-service & information services; and healthcare information technology & services. Silversmith founders and Managing Partners include Jeff Crisan and Todd MacLean, who are both former MDs of Bain Capital Ventures. Jim Quagliaroli is an ex-Spectrum Equity MD.
5 min read · 08 September 2015
Praesidian Capital has exited its $17.4 million first lien debt investment in John's Incredible Pizza Company Inc. Rancho Santa Margarita, California-based John’s is a pizza franchise. Praesidian invested in John’s in July 2013.
2 min read · 08 September 2015
