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.
Building and Land Technology said Wednesday that it has completed the sale of a portfolio of more than 4,200 homes located in Florida, Illinois, Indiana, Missouri and Tennessee, including the sale of single-family rental operating platform, to Cerberus Capital Management LP. Financial terms weren’t announced.
2 min read · 02 September 2015
DTZ has closed its acquisition of Cushman & Wakefield, a commercial real estate services group. The deal was announced in May. DTZ is backed by TPG Capital, PAG Asia Capital and the Ontario Teachers’ Pension Plan.
5 min read · 02 September 2015
Voalte said Wednesday it raised $17 million in Series D financing from Ascension Ventures, Cerner Capital Inc., an affiliate of Cerner Corporation, and Bedford Funding. Sarasota, Florida-based Voalte provides healthcare communication technology.
3 min read · 02 September 2015
Silverfleet Capital has promoted Alfa Chan, David Mackenzie and Joachim Braun to partners. Also, the European private equity firm also said that Adam Ahern will be joining as an associate at the end of the month.
3 min read · 02 September 2015
Industrial Opportunity Partners said Wednesday it has acquired the assets of Coldwater Veneer Inc. and its subsidiary West Point Veneer LLC. Financial terms weren’t announced. Coldwater, of Coldwater, Michigan, makes specialty hardwood veneer for end markets such as building products, furniture, home furnishings and automotive markets. PNC Business Credit and MB Financial provided financing.
3 min read · 02 September 2015
Welsh, Carson, Anderson & Stowe has invested in Emerus Holdings. Financial terms weren’t announced. CORRECTION: Austin Ventures, which invested $30 million in 2011, has sold its remaining stake in Emerus and is completely divested, said Jason Lisovicz, Emerus’ VP of marketing. Welsh Carson now owns a minority of Emerus. The firm acquired a much bigger stake than that held by Austin Ventures. Sellers, in addition to Austin, include six Emerus founders and 23 minor investors, Lisovicz said. Woodlands, Texas-based Emerus is a hospital system that provides inpatient and diagnostic care. BofA Merrill Lynch advised Emerus.
4 min read · 01 September 2015
Navitas Midstream Partners LLC said Tuesday that it has acquired natural gas gathering and processing assets serving Martin, Midland and Glasscock counties in Texas. DCP Midstream LLC was the seller. Navitas is a portfolio company of Warburg Pincus.
2 min read · 01 September 2015
Mobcrush has raised more than $11 million in a Series A round led by Kleiner Perkins Caufield & Byers. Early investors Raine Ventures, First Round Capital, Lowercase, Rincon Venture Partners, Crosscut Ventures and Advancit Capital also participated. Santa Monica, California provides a live streaming platform for mobile games.
3 min read · 01 September 2015
Vorago Technologies said Tuesday it closed a $10 million funding round led by New Science Ventures. Austin-based Vorago, which was previously known as Silicon Space Technology, is a fabless semiconductor company.
2 min read · 01 September 2015
Bunker Hill Capital said Tuesday it has acquired a majority stake in Taos Mountain LLC. Financial terms weren’t announced. Taos CEO Ric Urrutia, the seller, reinvested in the deal. San Jose, California-based Taos is an IT infrastructure consulting and managed services firm.
4 min read · 01 September 2015
