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.
The Fonds de solidarité FTQ is investing €10.5 million (US$11.5 million) in Forbion Capital Partners' third fund. Forbion, of Naarden, the Netherlands, is a dedicated Life Sciences venture capital firm.
3 min read · 26 May 2015
Fortress Investment Group LLC and Mount Kellett Capital Management LP have formed a strategic alliance where a Fortress affiliate will become co-manager, along with Mount Kellett, of the Mount Kellett investment funds. Fortress affiliates will also become special limited partners of the Funds. Financial terms weren’t announced.
4 min read · 26 May 2015
Onex Corp. said Monday it has invested in Jack’s Family Restaurants. Financial terms weren’t announced. Certain member of management also invested. Homewood, Alabama-based Jack’s operates quick-service restaurants specializing in burgers, fried chicken, made-from-scratch biscuits, crinkle-cut fries and hand-dipped shakes. The company employs about 4,400 peole across 129 company-owned stores in Alabama, Georgia, Mississippi and Tennessee. The investment is coming from Onex Partners IV, Onex' $5.7 billion flagship fund.
3 min read · 26 May 2015
Univision Communications Inc., which is expected to go public, has acquired The Root, an African American news site.
2 min read · 23 May 2015
Private equity-backed Univision Communications Inc, which is expected to go public, has acquired The Root, an African-American news site, from Graham Holdings Co.
1 min read · 22 May 2015
Biosyntia ApS said Thursday it completed a 12.5 million Danish Krone (US$1.9 million) round led by Novo Seeds. Denmark-based Biosyntia, a biotech startup, is developing processes for biological production of vitamins.
3 min read · 21 May 2015
Glilot Capital Partners said Thursday that its second fund raised $77 million. Glilot II will invest in seed and early stage Israeli software companies with a particular focus in cyber-security and enterprise software. Glilot Capital Partners, of Tel Aviv, Israel, is a venture capital fund offering seed and early stage investments.
3 min read · 21 May 2015
Three Leaf Ventures is opening an office Ann Arbor, Michigan. Sean Kearney, a Three Leaf MD, will be based in the new office. Three Leaf Ventures is the technology investment affiliate of The Broe Group.
2 min read · 21 May 2015
OpenGate Capital said Thursday it closed the sale of Fleurus Presse to Unique Heritage Media. The deal was part of a management buy-in led by Emmanuel Mounier in partnership with Entrepreneur Venture, a French private equity firm. Financial terms weren’t announced. Fleurus Presse is a publisher of educational and knowledge-based magazines in France. Titles include Abricot, Les P’tites Filles àla Vanille, Les P’tites Sorcieres, Je lis déjà, Junior Hebdo, Comment ça marche, Réponse à tout!.
2 min read · 21 May 2015
Monroe Capital LLC said Thursday it provided a $25 million loan to Cyalume Technology Holdings Inc. Fort Lauderdale, Florida-based Cyalume designs and makes non-pyrotechnic tactical products and training solutions for military and law enforcement agencies.
2 min read · 21 May 2015
