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.
MangoPlate said Tuesday it close an additional $6.1 million in funding from Qualcomm Inc., through its venture investment group, Qualcomm Ventures. SoftBank Ventures Korea and YJ Capital, a venture capital firm established by Yahoo! JAPAN, also participated. Seoul-based MangoPlate helps people find restaurants through personalized restaurant recommendations. MangoPlate has raised over $7.2 million in total funding.
2 min read · 30 June 2015
Flytxt said Tuesday it closed an $11 million funding round led by Sunrise Capital GmbH and Big Data Investments B.V. Flytxt's existing investors also participated. Flytxt, of the Netherlands, is a big data analytics solution provider for communication service providers and mobile enterprises.
2 min read · 30 June 2015
Blackstone said Tuesday it has agreed to sell AlliedBarton to Wendel SE for about $1.67 billion. Conshohocken, Pennsylvania-based AlliedBarton provides security services to more than 3,300 customers. Credit Suisse advised Blackstone.
3 min read · 30 June 2015
GE said Tuesday that it has agreed to sell its European Sponsor Finance business to Sumitomo Mitsui Banking Corp. Europe Ltd., a subsidiary of Sumitomo Mitsui Banking Corp., for about $2.2 billion. The GE business provides sponsor finance for European mid-market private equity deals. GE Capital is keeping its $1 billion investment in the European Senior Secured Loan Programme and European Loan Programme, both joint ventures between GE Capital and Ares Capital. The deal is expected to close in third quarter. Bank of America Merrill Lynch and Citigroup Global Markets advised GE.
6 min read · 30 June 2015
ZM Capital, which is out fundraising, has agreed to sell its controlling stake in Cast & Crew Entertainment Services.
2 min read · 30 June 2015
Long River Ventures has led an early investment round for MachineMetrics Inc. Financial terms weren’t announced. Local private investors also took part. Northampton, Massachusetts-based MachineMetrics develops production monitoring software for the manufacturing industry.
2 min read · 29 June 2015
Vehicle Safety Manufacturing, a division of Rostra Precision, has acquired the turn signal switch product line from Grote Industries Inc. Financial terms weren’t announced. Rostra is a portfolio company of Superior Capital Partners LLC.
2 min read · 29 June 2015
ZM Capital, which is out fundraising, has agreed to sell its controlling stake in Cast & Crew Entertainment Services.
2 min read · 29 June 2015
AMAG Pharmaceuticals Inc. has agreed to buy Cord Blood Registry for $700 million. The deal is expected to close in third quarter. San Bruno, California-based Cord Blood, a newborn stem cell company, is a portfolio company of GTCR.
4 min read · 29 June 2015
Carlyle GMS Finance Inc., a BDC managed by the Carlyle Group, said Monday it closed its first middle-market CLO at $400 million. Proceeds of the CLO will be used mainly to finance middle-market loans originated by Carlyle GMS Finance.
2 min read · 29 June 2015
