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.
The Abraaj Group said Monday that it has acquired Yü-Ce Tıbbi Gereçler İthalat İhracat Mümessillik Sanayi ve Ticaret A.Ş. (Yu-Ce Medical). Financial terms weren’t announced. Istanbul, Turkey-based Yu-Ce Medical is a disposable medical supplies manufacturer.
3 min read · 10 August 2015
Crescerance has received a Series A round of funding from BIP Capital. Financial terms weren’t announced. Atlanta-based Crescerance provides a mobile application development curriculum and mobile communications services used by schools and districts across the country.
3 min read · 10 August 2015
H.I.G. European Capital Partners said Monday it acquired Centros Único. Financial terms weren’t announced. Centros is a European provider of permanent hair removal and medical aesthetic services. H.I.G. European Capital Partners is the European arm of H.I.G. Capital.
3 min read · 10 August 2015
Groupon Inc. said Sunday that Sequoia has agreed to invest in Groupon India. Financial terms weren’t announced. Groupon said it would remain a significant shareholder. Groupon India will continue to operate under CEO Ankur Warikoo’s leadership.
3 min read · 09 August 2015
Platfora has named Jason Zintak its CEO. Ben Werther, Platfora's founder and CEO for its first four years, will become Executive Chairman of the Board of Directors. Zintak most recently was Chief Sales Officer at Responsys, which was acquired by Oracle in 2013 for $1.5 billion.
3 min read · 09 August 2015
Hooters of America LLC, which has been looking for a buyer since January, is no longer up for sale, a source said.
2 min read · 07 August 2015
Hooters of America LLC, which has been looking for a buyer since January, is no longer up for sale, a source said.
2 min read · 06 August 2015
The Private Equity Growth Capital Council confirmed Wednesday that Steve Judge, the council’s president and CEO, is stepping down. Judge plans to leave the post on Aug. 15, Bloomberg News reported. Judge manages all aspects of the PEGCC and serves as a top spokesman for the private equity and growth capital industry, the council’s website said."After nearly four decades of experience in Washington, I know a change in Administration brings critical years for any trade association," Judge said in a statement. "While I will treasure my eight great years here, it is in everyone’s best interest that I pass this important role on to another strong advocate for the private equity industry.” Ken Mehlman, KKR’s Global Head of Public Affairs, was elected chairman of PEGCC in 2013.
1 min read · 06 August 2015
Meketa Investment Group said Thursday it has expanded its employee ownership to twenty, adding eight new shareholders. The new shareholders, all Principals, are: Brian Dana, Jess Downer, Daniel Dynan, Steven Hartt, Edwin Omata, Todd Silverman, Christopher Tehranian and Laura Wirick. Boston-based Meketa is an investment consulting firm. In June, the California State Teachers’ Retirement System reportedly hired Meketa as a private equity consultant.
4 min read · 06 August 2015
RWE Supply & Trading has invested in First River Energy LLC. Financial terms weren’t announced. Denver-based First River is a midstream energy company backed by Platte River Energy.
2 min read · 06 August 2015
