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.
1World Online said Wednesday it raised $2.5 million in an equity financing A2 round. Investors include DEFTA Partners, Altair Capital, GV Launch Gurus and Nest HK. San Jose-based 1World provides Web and mobile-based engagement applications, content, and analytics for publishers, political candidates, and brands.
3 min read · 04 June 2015
ACON Investments LLC said Wednesday that it completed the buys of Intecplast S.A.S. and Pieriplast S.A.C. The two companies will be consolidated under the holding company, Amfora Packaging S.A.S., a pan-Andean plastic packaging companies with more than 800 employees and production facilities in Lima, Peru and Bogota, Colombia. Jose Alejandro Arango, the CEO of Intecplast, will become Amfora's CEO, while Renato Pierinelli, founder and former CEO of Pieriplast, will have an equity stake in Amfora and will become both the Chief Technical Officer and Chairman. The investment comes from ACON's fourth pool of capital for Latin America, ACON Latin American Opportunities Fund IV L.P.
4 min read · 04 June 2015
Coupa Software said Wednesday that it named Todd Ford its CFO. Ford will report directly to Coupa’s CEO, Rob Bernshteyn, and will oversee the company’s financial operations. He most recently served as CFO of MobileIron.
3 min read · 04 June 2015
Technology Crossover Ventures and XAnge have made a $60 million growth capital investment in Believe Digital. Paris-based Believe Digital is a digital distributor and services provider for artists & labels.
5 min read · 03 June 2015
Comvest Partners said Wednesday that its third direct lending fund closed at $450 million, above its $350 million original target. LPs in Comvest Capital III included public pension funds, insurance companies, family offices, and multiple U.S. and European global private equity investors. The firm said that CVC III is also arranging a fund-level line of credit of up to $150 million that will give it up to $600 million of available credit. Comvest, of West Palm Beach, Florida, provides financing solutions for middle-market companies.
2 min read · 03 June 2015
Norwest Equity Partners said Wednesday that it invested in Welocalize Inc. Financial terms weren’t announced. Welocalize offers translation and localization services for global brands in more than 157 languages. William Blair & Co. advised Welocalize. BMO Harris Bank, GE Capital, Ally Corporate Finance, Fifth Third Bank, and Norwest Mezzanine Partners provided financing.
3 min read · 03 June 2015
Investment firm Cinven said on Wednesday its bid for Slovenia's largest telecoms provider, state-owned Telekom Slovenia (TLSG.LJ), is only valid until June 10, Reuters News reported.
2 min read · 03 June 2015
CenterGate Capital said Wednesday that Lewis Schoenwetter has joined the team as a Managing Director in the firm’s Austin Headquarters. Schoenwetter was previously a Managing Director at H.I.G. Capital. News of Schoenwetter joining CenterGate was previously reported by PE HUB.
2 min read · 03 June 2015
Auspherix Limited (UK) has raised £6 million (US$9.2 million) in a Series A venture financing. Imperial Innovations plc led the round alongside Australian founding investor the Medical Research Commercialisation Fund. Stevenage, United Kingdom-based Auspherix is an an early stage anti-infectives company.
5 min read · 03 June 2015
Fender Musical Instruments Corp. said Tuesday that Andrew “Andy” P. Mooney has been named CEO effective immediately. Mooney joins Fender from Quiksilver Inc. Fender is backed by Servco Pacific Inc. and TPG Growth.
4 min read · 02 June 2015
