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.
Silverfleet Capital said Wednesday it has agreed to buy Masai Clothing Company ApS. Financial terms weren’t announced. Hans and Nina Rye, Masai’s founders, are the sellers. Masai’s management team will continue to lead the business and are buying a minority stake. BlueBay and Lloyds Bank are providing debt financing. Copenhagen-based Masai is a Danish womenswear clothing brand.
3 min read · 24 June 2015
Bedford Funding has made a $50 million growth equity investment in Mdlive Inc. The investment came from Bedford Funding II, a healthtech fund. Sunrise, Florida-based MDLIVE provides virtual health services. Raymond James supplied financial advice.
5 min read · 24 June 2015
Quadrille Capital announced Wednesday a 65 million euros (US$72.8 mln) initial close of its latest fund. The target of Quadrille Technologies III is 100 million euros with a 150 million euros hardcap. The pool is the first innovation-focused fund for Quadrille since it became independent from Quilvest.
1 min read · 24 June 2015
MTS Health Investors said Tuesday it invested in Ovagen Fertility. Financial terms weren’t announced. Los Angeles-based Ovagen is a network of assistive reproductive technology laboratories.
3 min read · 23 June 2015
Inventus, a Clearlake Capital Group portfolio company, has acquired Kooby LLP. Financial terms weren’t announced. London-based Kooby is a software development provider that specializes in custom development of legal support applications.
3 min read · 23 June 2015
Bracket Global LLC and Clintara have agreed to merge. Financial terms weren’t announced. Boston-based Clintara is a clinical service and technology company. Bracket, of Wayne, Pennsylvania, is a technology firm for clinical trials that is backed by Parthenon Capital Partners.
2 min read · 23 June 2015
PrestaShop said Monday that it named Corinne Lejbowicz its new CEO. Lejbowicz is the former CEO of LeGuide.com. Paris-based PrestaShop, a provider of open source solutions for ecommerce, is backed by Serena Capital, XAnge Private Equity and Seventure Partners.
3 min read · 23 June 2015
Bell Partners Inc. said Monday that its fifth fund closed at $425 million. Bell Apartment Fund V LLC will invest in multifamily properties across the East Coast, Southwest and Western United States. LPs include institutional investors and accredited high-net-worth individuals.
2 min read · 23 June 2015
NTT Communications Corp. and ABRY Partners have jointly acquired a 86.7 percent stake in e-shelter. Financial terms weren’t announced. Frankfurt-based e-shelter designs, builds and operates data centers. NTT Communications is the ICT solutions and communications unit of NTT.
3 min read · 23 June 2015
Albireo Energy LLC, a portfolio company of Huron Capital Partners, has acquired GxP Automation LLC. Financial terms weren’t announced. Chelmsford, Massachusetts-GxP designs, installs and maintains building automation systems and monitoring solutions for life sciences, commercial and other clients in the Northeast.
3 min read · 22 June 2015
