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.
Alcidion Corp. said Tuesday it has raised $1.5 million from Blue Sky Private Equity, Allure Capital and Alcidion co-founders Ray Blight and Malcolm Pradhan. Alcidion, of Australia, is a health informatics company. Blue Sky Private Equity previously invested $2.4 million in Alcidion in 2012.
4 min read · 31 March 2015
Paul Fossati has joined Sycamore Partners as a managing director. Fossati will serve as Director of Capital Markets and will be responsible for all financings for new investments and for the firm's portfolio companies. He was previously a Managing Director at Morgan Stanley in its Leveraged & Acquisition Finance Group.
2 min read · 31 March 2015
GlassesUSA said Monday it raised $12.5 million in financing led by Viola Private Equity. New York-based GlassesUSA is an online retailer specializing in prescription eyewear.
3 min read · 31 March 2015
Perrigo Company plc said Monday it completed its buy of Omega Pharma Invest N.V. in a deal valued at 3.8 billion Euros (US$4 billion), which includes 1.3 billion in debt. Sellers are Marc Coucke, Waterland Private Equity Fund V CV and the co-investors of Waterland. The deal was announced in November. Omega, of Belgium, sells prescription-free medicines, healthcare products and personal care items such as wart treatments and suntan lotions over the counter, Reuters News said.
5 min read · 31 March 2015
Protector Holdings has acquired Oasis South Insurance Services. Financial terms weren’t announced. Protector is a joint venture of Edgewood Partners Insurance Center and Dowling Capital Partners. San Diego-based Oasis South provides insurance services to Hispanic consumers, writing auto, motorcycle, RV, boat, homeowners and renters insurance coverage.
2 min read · 31 March 2015
Augure said Monday it raised $16 million from existing investors including Serena Capital, Ventech, OTC Agregator and Amundi private equity funds, along with two newcomers, Seventure Partners and Bpifrance. With offices in Paris, Madrid, London and Girona, Spain, Augure provides marketing software.
2 min read · 31 March 2015
Ice Mobility has raised $65 million in debt and equity growth capital from Wells Fargo Capital Finance and Hawthorn Equity Partners. Vernon Hills, Illinois-based Ice Mobility distributes wireless products and provides supply-chain solutions. News of the financing was announced by Intrepid Investment Bankers which advised on the deal.
3 min read · 31 March 2015
Vector Capital has closed its roughly $400 million buy of Saba Software. Vector’s buy of Saba, a Redwood Shores, Calif.-based cloud computing firm, was announced in February.
2 min read · 31 March 2015
YapStone said Tuesday it closed a $60 million financing package from Comerica Bank and Bregal Sagemount. Walnut Creek, Calif.-based YapStone is a provider of web and mobile payment technology solutions for large vertical markets and online marketplaces. Financial Technology Partners LP and FTP Securities LLC served as exclusive financial advisor to YapStone.
4 min read · 31 March 2015
Canada Pension Plan Investment Board and Hermes Infrastructure said Tuesday they have agreed to invest about 1.6 billion pounds (US$2.4 billion) for a minimum stake of 30 percent of Associated British Ports. The investors may buy a further 3.33 percent subject to pre-emption rights. The sellers are GS Infrastructure Partners and Infracapital, while Borealis Infrastructure and Government of Singapore Investment Corporation (GIC) remain as ABP shareholders. ABP is the U.K.'s leading ports group; it owns and operates 21 ports in England, Scotland, and Wales.
4 min read · 31 March 2015
