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.
Trussbridge said Monday it was leading a consortium of Middle East investors to buy a majority of La Maison Cannelle. Financial terms weren’t announced. Richmond, Quebec-based La Maison is a purveyor of artisan Gluten-Free products.
3 min read · 22 June 2015
Kohlberg Kravis Roberts & Co. has invested in Drawbridge Realty. Financial terms weren’t announced. San Francisco-based Drawbridge is a real estate investment manager that buys, develops and manages properties for corporate users. The Townsend Group is also investing.
4 min read · 22 June 2015
FPCG LLC, which does business as Forbes Private Capital Group, said Friday it has changed its name to FocusPoint Private Capital Group. FocusPoint raises capital for private equity, credit, real estate, real assets and opportunistic strategies as well as direct transactions in both developed and emerging markets.
2 min read · 22 June 2015
Polaris Private Equity has acquired TRIAX A/S from Nielsen & Nielsen Holding A/S. Financial terms weren’t announced. Denmark-based TRIAX provides high-tech solutions for reception and distribution of TV, radio and internet. SEB Corporate Finance was financial advisor to the seller. Nordea provided debt financing.
3 min read · 18 June 2015
LinguaLeo said Wednesday that it received financing from Social Discovery Ventures. Runa Capital also participated. LinguaLeo provides online English language learning in Russia and CIS. The company has attracted over $3.7 million in investments, including $200,000 from angel investors Igor Ryabenko, Egor Rudy and Sergey Kuznetsov in 2010 and a $3 million round from Runa in 2012.
2 min read · 18 June 2015
Rick Organ has joined Resilience Capital Partners as an Aviation Operating Executive. Organ was previously CEO of two private equity-backed aviation businesses: Schneller, which was sold to Transdigm Group Inc; and Align Aerospace sold to AVIC International.
3 min read · 18 June 2015
Spire Capital Partners said Wednesday it sold Carpathia Hosting Inc. to QTS Realty Trust for about $326 million. Dulles, Virginia-based Carpathia provides IT infrastructure and management services for enterprises and federal agencies.
3 min read · 18 June 2015
Pronoun said Wednesday it received a $3.5 million investment from Avalon Ventures. New York-based Pronouon provides a digital book publishing platform for authors.
3 min read · 18 June 2015
Miller Investment Management has led a $25 million financing round for honeygrow. Existing investor Brook Lenfest also participated. Philadelphia-based honeygrow is a fast casual eatery.
3 min read · 18 June 2015
Ares Capital Corp. and Varagon Capital Partners are forming a joint venture to make senior secured loans to middle-market companies. The J.V. will be called Senior Direct Lending Program (SDLP) that will seek to follow the success Ares had with GE Capital with its J.V., the Senior Secured Loan Program. The SDLP will underwrite and hold first lien loans, including stretch senior and unitranche loans, that are originated by Ares and Varagon. SDLP will commit and hold individual loans of up to $300 million, while Ares may also co-invest with the SDLP.
5 min read · 18 June 2015
