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.
Uxin said Wednesday it raised a $170 million round of funding from Baidu, KKR and Coatue. Uxin, of Beijing, is a used car auction company.
4 min read · 18 March 2015
Tyler Grahl has joined Presidio Residential Capital’s asset management team. Grahl will be responsible for producing Presidio's monthly sales reports and tracking pricing, absorption and construction schedules.
2 min read · 18 March 2015
Polaris Partners said Tuesday it promoted Paulina Hill to principal and hired Dan Lombard. Hill, who was previously a Senior Associate, will continue to invest as part of the Polaris’ healthcare team. Lombard joins from H.I.G. Growth Partners. He will be a Principal at Polaris and part of the technology team.
2 min read · 17 March 2015
Norwest Equity Partners said Tuesday it invested in eyebobs. Financial terms weren’t announced. Minneapolis-based eyebobs designs a line of reading glasses. Imperial Capital served as financial advisor to eyebobs.
3 min read · 17 March 2015
Babson Capital Management said Monday that it acted as lead arranger of a loan to support Bridgepoint’s buy of eFront. Babson said it co-arranged the debt financing to support the acquisition alongside a group of banks. In January, peHUB reported that Bridgepoint was buying eFront, a Paris financial software company. Reuters News then reported that banks had lined up to provide 130 million euros ($145.89 million) of loans to back the sale to Bridgepoint.
2 min read · 17 March 2015
LLR Partners has invested in Agility Recovery. Financial terms weren’t announced. Generation Partners acquired Agility Recover in 2001 and retains a minority stake. Charlotte, N.C.-based Agility provides disaster recovery solutions. Golub Capital provided debt financing. Raymond James provided financial advice to Agility.
3 min read · 17 March 2015
K2 Capital Partners said Tuesday it closed its debut fund on February 27. Financial terms weren't announced. Investors in the pool include investment institutions, family offices, and high net worth individuals. Los Angeles-based K2 Capital invests in lower middle market companies with sales between $10 million and $40 million. Sectors include business services, healthcare services, online training, aerospace & defense, and technology-enabled services.
2 min read · 17 March 2015
H.I.G. Capital LLC said Tuesday that it recapitalized Fox River Fiber LLC. Fox River will be combined with Rolland Enterprises Inc., an H.I.G. portfolio company. De Pere, Wisconsin-based Fox River is a manufacturer of de-inked recycled pulp produced using post-consumer waste paper.
3 min read · 17 March 2015
SuzoHapp, which is backed by Acon Investments LLC, said late Monday it completed its buy of Scan Coin. Financial terms weren’t announced. Malmö, Sweden-based Scan Coin provides advanced cash handling technologies, software and services. Cerberus Business Finance LLC and PNC Bank provided financing. UPDATE: Sellers include Segulah and Rempo AB. Vinay Ghai, of Baird Global Investment Banking, provided financial advice to Scan Coin.
3 min read · 17 March 2015
More than four years after buying Atkins Nutritionals, Roark Capital is moving forward with plans to sell the company, two sources said.
3 min read · 17 March 2015
