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.
CoverHound said Monday it raised $14 million in Series B financing with participation from existing investors RRE Ventures, Blumberg Capital and Bullpen Capital. New investors Core Innovation Capital, Thomas Lehrman, Tugboat Ventures, Route 66 Ventures and American Family Ventures, the venture capital arm of American Family Insurance also took part. San Francisco-based CoverHound helps consumers find, compare and purchase insurance policies on one site. The company has raised over $20 million in VC funding.
3 min read · 09 March 2015
NBK Capital Partners said Sunday it has realized its mezzanine investment in Dem Pharmaceutical. Istanbul, Turkey-based Dem Pharma is an importer and exporter of niche pharmaceutical products including blood products, hospital antibiotics, and hematology/oncology drugs that are used to treat life-threatening conditions.
2 min read · 09 March 2015
High Road Capital Partners has completed its buy of York Wallcoverings Inc. Financial terms were not announced. York, Pennsylvania-based York Wallcoverings makes wallpaper, borders, murals, and RoomMates peel-and-stick removable and reusable wall decals. U.S. Bank and M&T Bank provided senior debt financing, while Babson Capital Management supplied the subordinated debt. Mufson Howe Hunter & Company provided financial advice to York.
4 min read · 09 March 2015
News Corp. said Sunday it had acquired the VCCircle Network, which includes websites VCCirclecom, Techcircle.in, as well as VCCEdge, VCCircle Training and a conference business. Financial terms weren’t announced. Mosaic Media Ventures is the seller. Noida, India-based VCCircle is a media company.
4 min read · 09 March 2015
Hypatia Capital has kicked off fundraising for its debut private equity fund.
1 min read · 07 March 2015
Mallinckrodt plc said Thursday that it has agreed to buy Ikaria Inc. in a deal valued at $2.3 billion. Madison Dearborn Partners, which acquired a majority of Ikaria in January 2014, and New Mountain Capital are selling. Hampton, New Jersey-based Ikaria is a critical care company. Goldman Sachs advised Mallinckrodt.
9 min read · 05 March 2015
Winona Capital has invested in Fat Brain Toys. Financial terms weren’t announced. Elkhorn, Nebraska-based Fat Brain is a retailer and manufacturer of educational toys and games.
3 min read · 05 March 2015
CommScope Holding Company Inc. said Wednesday that The Carlyle Group is selling 20 million shares of the company. Goldman Sachs & Co., the sole underwriter of the secondary offering, also has the option to buy another 3 million shares. After the deal, Carlyle will own about 81.2 million shares or 43 percent. CommScope, a telecommunications provider, went public in October 2013.
6 min read · 05 March 2015
OpenGate Capital said Thursday it agreed to sell Kotkamills Oy to MB Funds. Financial terms weren’t announced. Kotkamills, of Kotka, Finland, makes speciality papers and wood-based products.
3 min read · 05 March 2015
Ares Management and GE Capital, via the European Senior Secured Loan Programme, provided £75 million (US$114.28 mln) in financing to fund CVC Growth Partners’ buy of Wireless Logic. U.K.-based Wireless Logic is an M2M managed services provider.
4 min read · 05 March 2015
