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.
Aurora Capital Group said Thursday it has bought Restaurant Technologies Inc. Financial terms weren’t announced. The seller was EQT Infrastructure Ltd. Minneapolis-based Restaurant Technolgoies provides cooking oil management solutions to the foodservice industry including fresh oil delivery and used oil removal. Ares Capital Corp. provided debt financing.
2 min read · 30 April 2015
SaaS Capital said Thursday it provided a loan to inDinero. Financial terms weren’t announced. San Francisco-based inDinero provides accounting, tax and payroll services and software to startups and small businesses.
2 min read · 30 April 2015
Clessidra SGR said Thursday it has agreed to buy a majority stake in Roberto Cavalli, the fashion house. Financial terms weren’t announced. Varenne, a new company that is majority owned by Clessidra, is buying 90 percent of Cavalli. Founder Roberto Cavalli will own the remaining 10 percent. L-GAM and Chow Tai Fook Enterprises Ltd. will each have minority stakes in Varenne.
3 min read · 30 April 2015
Campus Job said Thursday it closed a $7.8 million A round led by General Catalyst. New participants include Index Ventures, SV Angel, Slow Ventures and others. Existing investors including Box Group and Lerer Hippeau Ventures also took part. New York-based Campus Job is an online marketplace for college students to find part-time jobs and internships.
4 min read · 30 April 2015
SwitchedOn has raised $300,000 in funding from 14 angel investors including Christian Bernasconi who runs B&I Capital, and Timothy Thompson of Vicour Holdings. SwitchedOn is a secure team messaging app that can be linked to email providers like Gmail or Microsoft Exchange.
2 min read · 30 April 2015
JZ Capital Partners Ltd. said Thursday it has acquired S.A.C. JZ Capital acquired 45 percent of S.A.C through its EuroMicrocap Fund for approximately 2.8 million Euros. JZ Capital also acted as mezzanine lender, providing 4.8 million Euros of direct financing to S.A.C. S.A.C is an operational van leasing company based south of Copenhagen, Denmark.
2 min read · 30 April 2015
Cathay Capital Private Equity said Wednesday it invested in Echosens. Financial terms weren't announced. FuRui Group, the seller, will retain a majority holding of 51 percent. Echosens, of France, develops non-invasive diagnostic products and services for hepatology.
4 min read · 30 April 2015
MD Insider said Wednesday that it closed a $9.5 million investment led by Executive Chairman Jason Ader. Other investors in the round include Bill Ackman; Michael Fertik, Founder of Reputation.com; and Tim Ferriss, angel investor for companies including Facebook, Uber and Evernote. Santa Monica, California-based MD Insider uses big data to reduce healthcare costs for employers.
2 min read · 30 April 2015
Hunters Gate Holdings LLC said Wednesday it acquired LOFA Industries LLC. Financial terms weren’t announced. Roswell, Georgia-based LOFA makes control systems for off-highway engine driven equipment. Kian Capital Partners and Georgia Commerce Bank provided debt financing. Matt Slappey of Murphy Business & Financial Corp. advised LOFA.
2 min read · 30 April 2015
Atlantic Merchant Capital Partners said Wednesday it invested, along with Fleur De Lis Partners, in Social Quant LLC. Financial terms weren’t announced. Tampa, Florida-based Social Quant provides big data algorithmic support tools to increase the size and quality of Twitter audiences for clients.
2 min read · 30 April 2015
