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.
Coravin Inc. said Monday that it raised $13.6 million Series C-1 financing led by Windham Venture Partners. Quadrille Capital also participated. Burlington, Massachusetts-based Coravin created the Coravin Wine System which lets access and pour any bottle of wine without pulling the cork.
3 min read · 22 June 2015
MPM Capital said Monday that it named Briggs W. Morrison M.D. to the position of Managing Director. Dr. Morrison was recently appointed CEO of Syndax Pharmaceuticals Inc., an MPM portfolio company.
3 min read · 22 June 2015
GE Antares, a unit of GE Capital, said Monday it is providing a $124.5 million loan to support The Riverside Company’s buy of Area Wide Protective. Kent, Ohio-based AWP provides temporary traffic management solutions to a variety of customers, including utilities, utility contractors and telecommunications companies.
3 min read · 22 June 2015
DPG Investments LLC said Monday it has acquired a controlling stake in SkiBo Holdings LLC. Financial terms weren’t announced. SkiBo is a non-prime auto lending company that operates under the brand names of TSA Financial Group, Golden Eagle Lending, SkiBo Auto Sales and JADCO.
2 min read · 22 June 2015
Castanea Partners said Monday it has acquired a minority stake in Proenza Schouler. Financial terms weren’t announced. Proenza Schouler is a New York-based luxury fashion brand. Shirley Cook, Proenza Schouler’s CEO, is stepping down as part of the deal. Ron Frasch, former President and Chief Merchandising Officer at Saks Fifth Avenue and currently an operating partner at Castanea, is assuming the role as Interim CEO.
3 min read · 22 June 2015
Homemaking maven Martha Stewart's media and merchandising firm Martha Stewart Living Omnimedia Inc is selling itself in a $353 million cash-and-stock deal to Sequential Brands Group Inc, Reuters News reported.
2 min read · 22 June 2015
Meketa Investment Group said Monday that Managing Principals Stephen McCourt and Peter Woolley will become co-Chief Executive Officers of the firm, effective July 31. Jim Meketa, the firm’s founder, will become chairman of the board.
2 min read · 22 June 2015
GiftCertificates.com said Monday that Richard Buer was named its CEO. Buer most recently served as senior vice president and general manager for the West Coast Automotive Group at Maritz. Omaha-based GiftCertificates.com provides reward solutions and gift products for both the corporate and consumer markets.
2 min read · 22 June 2015
Arena Online said Monday it raised $750,000 in a seed round led by START Houston, as well as the Founder of Presidio Venture Capital. Houston-based Arena Online is building an online platform to bring competitive eSports tournaments to online gamers.
4 min read · 22 June 2015
ADC Therapeutics Sarl said Monday it had appointed Dr. Chris Martin as CEO. Martin was co-founder and CEO of Spirogen, which was sold to MedImmune in October 2013. ADC is an oncology research development company backed by Auven Therapeutics.
4 min read · 22 June 2015
