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.
Ximedica, an SV Life Sciences portfolio company, said Tuesday it has acquired Bridge Design. Financial terms weren’t announced. San Francisco-based Bridge Design provides design services for physical and digital products, including mHealth.
3 min read · 18 August 2015
SS&C Technologies Holdings Inc. said Tuesday it has agreed to buy Citigroup's Alternative Investor Services business for $425 million. The deal includes Hedge Fund Services and Private Equity Fund Services. Citi put its hedge fund administration unit up for sale in May. The unit provides fund administration, middle office, custody, investing and financing services.
2 min read · 18 August 2015
Monroe Capital LLC has made a minority investment in Channel Partners LLC while also providing a $50 million loan to support the company’s growth. Maple Grove, Minnesota-based Channel Partners provides small business working capital loans.
2 min read · 18 August 2015
9 Story Media Group, a portfolio company of ZM Capital, has acquired Brown Bag Films. Financial terms weren’t announced. Dublin-based Brown Bag is an animation studio that has produced animated children’s series including Octonauts, Doc McStuffins, Bing Bunny and Henry Hugglemonster.
4 min read · 18 August 2015
TA Associates said Tuesday it has invested in Plusgrade. Financial terms weren’t announced. With offices in Montreal, Canada and New York, Plusgrade provides revenue solutions for the travel industry.
3 min read · 18 August 2015
Tiff’s Treats said Tuesday that it raised a $14 million round of funding, including debt and equity, led by Capstar Partners. Private investor Lew Little also participated as well as other institutional and individual investors. Austin-based Tiff’s Treats makes and delivers baked-to-order cookies and brownies.
4 min read · 18 August 2015
Stonegate Global said Tuesday that David Esmie has joined as Head of Operations in the company’s Atlanta headquarters. He will oversee Stonegate’s fund administration services business. Esmie is a former senior executive at Morgan Stanley Fund Administration and Equinoxe Fund Services.
2 min read · 18 August 2015
Illumina Inc., Warburg Pincus and Sutter Hill Ventures said Tuesday they have formed Helix, which has received more than $100 million in financing commitments. San Francisco-based Helix will reportedly serve as a digital hub for an individual’s genetic information, the New York Times said. The Center for Individualized Medicine at Mayo Clinic, which is collaborating with Helix, has also made a strategic investment.
5 min read · 18 August 2015
H.I.G. Middle Market has agreed to buy HelpSystems LLC from Summit Partners. Financial terms weren’t announced. Eden Prairie, Minnesota-based HelpSystems provides of system & network management, business intelligence, and security & compliance solutions. H.I.G. Middle Market is the middle market affiliate of H.I.G. Capital. Evercore and Credit Suisse advised H.I.G.
3 min read · 18 August 2015
Court Square Capital Partners is exiting Erico Global Co. again and expects the sale to generate a more than 30 percent IRR, a source said.
2 min read · 18 August 2015
