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.
WireX said Tuesday that it raised $9.3 million in a round led by Vertex Venture Capital. Existing investor Magma Venture Capital and Entrée Capital also participated, along with Mickey Boodaei, co-founder of Imperva and Trusteer; Rakesh Loonkar, co-founder of Trusteer; and Idan Plotnik, founder of Aorato (acquired by Microsoft). WireX, of Yehud, Israel, provides technology that helps businesses to resolve cyberattacks.
3 min read · 21 July 2015
SolaRight Lighting LLC has bought the intellectual property rights, product rights and worldwide manufacturing and distributing rights of SolarCap Infinity Inc. Financial terms weren’t announced. Seoul-ased SolarCap makes and markets patented solar lighting products for public safety and hardscape markets. SolaRight is backed by Square Deal Capital.
2 min read · 21 July 2015
Consolo Services Group said Monday they have completed a $12.6 million financing through Bluff Point Associates. Lexington, Kentucky-based Consolo Services Group is a healthcare information technology company.
3 min read · 21 July 2015
Schryver Medical Sales and Marketing LLC has closed its buy of Main Street Clinical Laboratory Inc. and On-Site Imaging Solutions Inc. Financial terms weren’t announced. Main Street is a CLIA Certified clinical laboratory, while OnSite provides mobile imaging solutions to nursing homes, healthcare facilities, hospice centers, correctional facilities and home health patients throughout Arkansas. Schryver Medical is a portfolio company of Revelstoke Capital.
3 min read · 21 July 2015
Esterline Corp. said Monday that it has sold its Pacific Aerospace & Electronics unit to ShoreView Industries. Financial terms weren’t announced. Wenatchee, Washington-based Pacific Aerospace produces electronics packaging and connector products as well as machining and sealing processes to protect equipment in the defense, medical, oil & gas and other industrial markets. Zachary Scott & Co. advised Esterline.
3 min read · 21 July 2015
KKR said Tuesday it has agreed to acquire an 80 percent stake in Gestamp Asetym Solar S.L. at a total enterprise value of around $1 billion. The seller is Gestamp Renewables. Gestamp Solar is a developer and operator of utility-scale photovoltaic plants. Bank of America Merrill Lynch provided financial advice to Gestamp Solar.
3 min read · 21 July 2015
The Blackstone Group and Corsair Capital, along with unnamed clients of the firms, have agreed to buy a majority of First Eagle Investment Management. The deal values the company at about $4 billion, including debt, Reuters News said. The family of John Arnhold, First Eagle's chairman and CIO, are the sellers, along with TA Associates which has sold its entire minority stake. First Eagle manages about $100 billion in assets on behalf of institutional and individual clients.
5 min read · 20 July 2015
Apax Partners has agreed to buy a majority of AssuredPartners Inc. GTCR is the seller. Assured's management will have a "significant" equity position, a statement said. Financial terms weren’t announced. BofA Merrill Lynch, RBC Capital Markets and Morgan Stanley Senior Funding Inc. are providing debt funding. Lake Mary, Florida-based AssuredPartners is an independent insurance brokerage.
4 min read · 20 July 2015
Red Capital Partners LLC said Monday it provided a $36.5 million loan to Investment360 for its buy of James Square Health and Rehabilitation Centre. Syracuse, New York-based James Square is a 440-bed skilled nursing facility. Red Capital is a subsidiary of ORIX USA.
3 min read · 20 July 2015
Bidtellect said Friday it raised $22.35 million in funding led by Blue Chip Venture Company. G20 Ventures and previous venture investor Valhalla Partners also participated. Bidtellect provides native advertising technology.
3 min read · 20 July 2015
