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.
Century Park Capital Partners has invested in Covercraft Industries via recapitalization. Financial terms weren’t announced. Pauls Valley, Oklahoma-based Covercraft provides automotive exterior and interior protection products. Texas Capital Bank and PNC Erieview provided the debt financing.
3 min read · 26 June 2015
Alarm.com Holdings Inc. raised $98 million when it priced 7 million shares at $14 each. Alarm.com is offering all of the shares. Shares are expected to trade Friday on the Nasdaq under the ticker “ALRM.” Vienna, Virginia-based Alarm.com provides a connected home platform solution. Backers include ABS Capital and Technology Crossover Ventures.
2 min read · 26 June 2015
Deliv said Wednesday it has acquired WeDeliver. Financial terms weren’t announced. Chicago-based WeDeliver provides same-day delivery for local merchants. Deliv, of Menlo Park, California, is also a same-day delivery company backed by investors including General Catalyst Partners, Institutional Investors and Operators Fund.
3 min read · 25 June 2015
Zimmer Holdings said Wednesday it has closed its $14 billion buy of Biomet. Zimmer has changed its corporate name to Zimmer Biomet Holdings Inc. The sale to Zimmer, announced in April 2014, provided an exit for PE firms Blackstone, Goldman Sachs PE group, KKR and TPG Capital, which invested in Biomet in 2007.
7 min read · 25 June 2015
Arcadia Healthcare Solutions said Wednesday it has acquired Sage Technologies. Financial terms weren’t announced. Existing Arcadia investors are helping fund the deal along with new investors led by Peloton Equity. Morgan Stanley Alternative Investment Partners, Zaffre Investments and Escalate Capital Partners also participated. Rockford, Illinois-based Sage is an Electronic Health Record (EHR) data aggregation and analytics technology company.
5 min read · 25 June 2015
Monroe Capital said Thursday it has provided a loan to support the investment in Pure Barre by an unnamed private equity firm. Financial terms weren't announced. In May, Catterton Partners made a “significant’ growth investment in Pure Barre, which provides fitness classes that are mix of ballet, pilates and resistance training.
2 min read · 25 June 2015
Apollo Global Management LLC has closed its $200 million investment in CH2M. The deal was announced in May. The agreement calls for Apollo to invest another $100 million in a year. Based in Englewood, Colorado, CH2M is a provider of critical infrastructure and natural resource solutions.
4 min read · 25 June 2015
Autonomic Technologies Inc. said Thursday that it raised another $5.5 million in financing from HBM Healthcare Investments LTD, bringing its series D round to $43.2 million. In May, Autonomic said it had raised $38 million in its series D round led by Edmond de Rothschild Investment Partners.
3 min read · 25 June 2015
Spark Capital has led a Series A round of funding for Andela. Financial terms weren't announced. Additional investors include Omidyar Network, LearnCapital and other leading investors from North America and Africa. Andela, of Lagos, Nigeria, is a selective technology training program in Africa.
3 min read · 25 June 2015
BitSight Technologies said Thursday it closed a $23 million round of financing. Comcast Ventures joins as a new investor. Current investors including Globespan Capital Partners, Menlo Ventures, Commonwealth Capital Ventures, Shaun McConnon and Flybridge Capital Partners also participated. Cambridge, Massachusetts-based BitSight provides security ratings platform that helps organizations manage third party risk.
3 min read · 25 June 2015
