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.
HGGC said Friday that it has acquired Selligent via an equity recapitalization of the company. The company’s founders and management will retain a significant minority stake. Financial terms weren’t announced. Selligent, of Belgium, is a B2C marketing automation software provider. The Jordan, Edmiston Group advised Selligent
4 min read · 13 July 2015
Black Hills Corp. said Sunday that it agreed to buy SourceGas Holdings LLC for $1.89 billion, including $720 million in debt. Alinda Capital Partners and GE Energy Financial Services are the sellers. SourceGas operates four regulated natural gas utilities that serve about 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming and a 512-mile natural gas transmission pipeline in Colorado. Credit Suisse Securities (USA) LLC advised Black Hills while J.P. Morgan was the financial advisor to the sellers.
6 min read · 13 July 2015
Private equity career advice from experts including Ted Kramer of Hammond Kennedy Whitney & Co Inc, Rick Wandoff of Blue Sea Capital and Noah Rhodes of Great Point Partners.
4 min read · 10 July 2015
Quad-C Management said Thursday it has invested in Wolf. Financial terms weren’t announced. York, Pennsylvania-based Wolf is a distributor of kitchen and bath cabinetry in the U.S.
3 min read · 09 July 2015
The Stripes Group said Wednesday that it has invested in GoFundMe. Investors including Technology Crossover Ventures, Accel Partners, Greylock Partners, ICONiQ Capital and Meritech also participated. San Diego-based GoFundMe is a crowdfunding site for personal causes.
3 min read · 09 July 2015
Snug Vest has raised $500,000 CAD (US$393,000) led by Arc Capital and 12 investment groups. Vancouver, B.C.-based Snug Vest develops a therapeutic vest that provides anxiety relief and stress management for families dealing with autism.
3 min read · 09 July 2015
Balance Point Capital Partners said Wednesday that it invested in Mapleton Communications LLC. Balance Point said it provided Second Lien Subordinated Notes and Unsecured Subordinated Notes to Mapleton. Monterey, California-based Mapleton owns and operates 42 radio stations in eight medium to smaller markets throughout California, Oregon, Washington and Louisiana.
2 min read · 08 July 2015
Nodality Inc. said Wednesday that it named Kathleen LaPorte as CEO. She has served as Nodality’s chief business officer since July 2014. Nodality, a biotech firm based in South San Francisco, is backed by Kleiner Perkins, TPG Biotech, Maverick, Pfizer and LabCorp.
3 min read · 08 July 2015
Quantifind said Wednesday that it hired David Karnstedt as CEO. Karnstedt succeeds co-founder Ari Tuchman as CEO, who will assume the position of President. Most recently, Karnstedt led Adobe’s global digital marketing efforts across search, display, video and data management platforms.
3 min read · 08 July 2015
DigitalOcean said Wednesday that it closed an $83 million round of funding led by Access Industries. Andreessen Horowitz also participated. New York-based DigitalOcean is a cloud infrastructure provider that aims to simplify web infrastructure for software developers.
3 min read · 08 July 2015
