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.
Microbrush International said Monday they acquired DentiSmart LLC. Financial terms weren’t announced. DentiSmart produces a sectional matrix system used in dental restorative procedures. Microbrush is subsidiary of Young Innovations Inc., which is a portfolio company of Linden Capital Partners.
2 min read · 05 May 2015
Virgo Capital has recapped Sayers. Chris Callahan was named Sayers CEO while Gayle Sayers, the company’s founder, was appointed Chairman Emeritus. Hermanth Parasuram, Virgo Capital’s managing partner, was named Chairman. Sayers, of Vernon Hills, Illinois, provides data center infrastructure and enterprise security products.
3 min read · 05 May 2015
Coach Inc. said Monday it completed its buy of Stuart Weitzman Holdings LLC. The seller was Sycamore Partners. Coach said it made initial cash payments of about $530 million to Sycamore and will make up to $44 million in contingent payments to the firm based on achievement of certain revenue targets.
4 min read · 05 May 2015
TeamViewer said Monday that it named Andreas Koenig its new CEO. Koenig takes over from Holger Felgner, who will continue to work closely with TeamViewer as a member of the Advisory Board. Previously, Koenig was a Swisscom’s management board.
3 min read · 05 May 2015
Levine Leichtman Capital Partners said Monday they recapped Mander Portman Woodward Ltd. The transaction provided working capital and helped pay a dividend to shareholders. HSBC Bank PLC provided a senior credit facility. This is the second recap of Mander Portman, which provides private education for students transitioning from secondary school to UK universities.
2 min read · 05 May 2015
Kohlberg Kravis Roberts & Co. has led a $15 million round for Artivest. Existing investors RRE Ventures, Peter Thiel, Nyca Partners, Anthemis Group and FinTech Collective also participated. New York-based Artivest offers a digital platform that connects private equity and hedge funds with suitable investors.
4 min read · 04 May 2015
The Carlyle Group said Monday that José (Joe) E. Almeida has joined the firm as an Operating Executive in the Global Healthcare group, effective immediately. Almeida was the former Chairman, President and CEO of Covidien which was sold to Medtronic plc in January for $50 billion.
3 min read · 04 May 2015
AEGEA Medical Inc. said Monday that it closed its Series C financing of $36 million with investments from existing investors Alloy Ventures, Delphi Ventures and Covidien/Medtronic. New major investors included BioMed Ventures and Solas Bioventures. Redwood City, California-based AEGEA is developing technology to treat menorrhagia.
2 min read · 04 May 2015
STC.UNM Co-Investment Fund has provided $100,000 to SolaranRx. Albuquerque, New Mexico-based SolaranRx is developing therapies and companion imaging agents to treat metastatic melanoma. STC.UNM, which was formerly known as the Science & Technology Corporation @ UNM, is a nonprofit corporation formed and owned entirely by the University of New Mexico Board of Regents.
3 min read · 04 May 2015
Africa Oil Corp. said Friday that it agreed to sell to Stampede Natural Resources 52,623,377 of its common shares at a price of CAD $2.31 for gross proceeds of CAD $121,560,000 (US $100 million). Stampede is owned by Helios Investment Partners. Stampede, once the deal is closed, will own about 12.37 percent of Africa Oil, a Canadian oil and gas company with assets in Kenya and Ethiopia.
6 min read · 04 May 2015
