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.
LDC, a U.K. private equity firm, has sold its stake in Twofour Group for 55 million pounds ($86.4 million). The buyer is ITV plc. The deal also include n additional performance bonus of up to 10 million pounds if ITV achieves minimum EBITA thresholds. Twofour Group, of the U.K., is a TV production and distribution company. Livingstone Partners advised Twofour.
2 min read · 25 June 2015
Lunar Capital Management, a consumer-focused buyout shop in China, is seeking $380 million for its fourth fund, sources said.
1 min read · 25 June 2015
Lunar Capital Management, a consumer-focused buyout shop in China, is seeking $380 million for its fourth fund, sources said.
1 min read · 24 June 2015
GI Partners said Wednesday it closed its buy of MRI Software. Vista Equity Partners was the seller. The transaction was announced earlier this month. Solon-Ohio-based MRI provides real estate property and investment management software solutions. Shea & Company, LLC acted as financial advisor for MRI.
2 min read · 24 June 2015
MB Business Capital said Tuesday it provided a $6.45 million loan to True Position Technologies, a portfolio company of Vintage Fund Management. True Position makes precision-machined parts and sub-component assemblies for the aircraft, aerospace, semi-conductor, medical and other industries. MB Business Capital is the asset based lending division of MB Financial Bank.
2 min read · 24 June 2015
Mercator said Wednesday it has acquired Catapult International. Financial terms weren’t announced. Kansas City-based Catapult is a technology-enabled solutions provider for freight forwarders, shippers, and carriers worldwide. Mercator is backed by Warburg Pincus.
3 min read · 24 June 2015
ViraTherapeutics GmbH said Wednesday it raised 3.6 million euros (US$4 million) in a first close of a Series A financing round. Boehringer Ingelheim Venture Fund and EMBL Ventures co-led the round, while Austria Wirtschaftsservice through its Venture-Capital-Initiative also invested. Innsbruck, Austria-based ViraTherapeutics is biopharmaceutical company developing cancer immunotherapies.
5 min read · 24 June 2015
Bolder Healthcare Solutions has acquired Avectus Healthcare Solutions. Financial terms weren’t announced. Corinth, Mississippi-based Avectus coordinates third party liability accounts and resolution of complex workers' compensation accounts for hospitals and trauma centers. Bolder Healthcare is backed by The Edgewater Funds and JZ Capital Partners.
2 min read · 24 June 2015
DBL Partners said Tuesday it closed its most recent fund at $400 million. DBL Partners III will invest in sustainable energy, products and services, digital media and imaging, health care, and IT. San Francisco-based DBL, a venture capital firm, invests in sustainable energy, products and services, digital media and imaging, health care, and IT.
3 min read · 24 June 2015
H.I.G. Capital said Tuesday it closed its buy of the Plaza Éboli Shopping Centre in Madrid. Financial terms weren’t announced. The centre comprises over 31,000 square meters and retail tenants such as Inditex, H&M, C&A and Cortefiel.
2 min read · 24 June 2015
