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.
Anterra Capital has agreed to invest 5 million Euros (US$5.6 million) in LemnaTec GmbH. Aachen, Germany-based LemnaTec provides research platforms and analysis software for plants.
2 min read · 04 March 2015
Outsell said Tuesday it closed a growth investment round with Northern Pacific Group. Financial terms weren’t announced. Minneapolis-based Outsell is a digital marketing SaaS company.
2 min read · 04 March 2015
AWAS, which is backed by Terra Firma and Canada Pension Plan Investment Board (CPPIB), has agreed to sell a portfolio of 90 aircraft to Macquarie Group Limited. The purchase price is $4 billion. The portfolio being sold comprises a fleet of 90 young, predominantly narrow-body aircraft. Dublin-based AWAS, one of the biggest aircraft lessors, is 75 percent owned by Terra Firma and 25 percent by CPPIB. Goldman Sachs and Deutsche Bank acted as financial advisors to AWAS.
5 min read · 04 March 2015
The private equity firms that acquired Freescale Semiconductors in a mammoth $17.6 billion deal nearly nine years ago are finally getting their money back.
2 min read · 04 March 2015
Options Away said Tuesday that it raised a $3.5 million Series A round led by OCA Ventures and joined by Thayer Ventures and Chicago’s Pritzker Group Venture Capital. Chicago-based Options Away allows consumers to lock-in flight prices.
3 min read · 03 March 2015
Weinberg Capital Group has acquired Mechanical Servants LLC, which does business as Convenience Valet. Financial terms weren’t announced. The seller was David Baum, Convenience Valet’s president & CEO. Baum will remain a significant shareholder. Melrose Park, Illinois-based Mechanical Convenience Valet’s distributes blister pack (windowed) branded convenience / travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. KeyBank National Association provided senior financing while F.N.P. Capital Partners LP supplied mezzanine financing and an equity co-investment.
3 min read · 03 March 2015
Penhall Company, which is backed by Centerbridge Partners, said Monday that Jeff Long was named CEO. Long will succeed C. George Bush, who is retiring from active leadership of the company and will transition to serving as a senior advisor. Long was most recently Senior Managing Director at Centerbridge Partners.
3 min read · 03 March 2015
Maverick Capital Ventures, the venture capital fund affiliate of Maverick Capital, has invested in Vserv. Mumbai, India-based Vserv provides a smart data platform for mobile marketing in India and SEA. The company has raised a total of $18 million to date, including a $3 million first round from IDG Ventures India.
3 min read · 03 March 2015
Harrison Gypsum, which is backed by H.I.G. Capital, has acquired J.A. Jack & Sons Inc. Financial terms weren’t announced. J.A. Jack is a miner and processor of limestone products, sold into building products, glass, plaster, agriculture, animal nutrition, and coatings applications.
4 min read · 03 March 2015
Vector Capital said Monday it sold Tidel Inc. to Graham Partners. Financial terms weren’t announced. Tidel, of Carollton, Texas, makes cash management systems and robbery deterrent products for the retail industry.
2 min read · 03 March 2015
