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.
HGGC said July 17 that it has agreed to sell a minority stake in Nutraceutical International Corp to Snapdragon Capital Partners LLC and The Maze Group LLC. Financial terms weren’t announced. Nutraceutical, of Park City, Utah, makes, markets and distributes branded natural products, including supplements, personal care, and other natural products sold primarily through domestic health and natural food stores, as well as specialty stores and online.
4 min read · 17 July 2019
LG Electronics is leading the Series A-1 equity financing round for Washlava. Financial terms weren’t announced. Washlava’s technology allows customers to reserve and pay for laundry machines from their smartphones.
3 min read · 17 July 2019
Incline Equity Partners has invested in Wholesale Supplies Plus via a recap. Financial terms weren’t announced. Wholesale Supplies distributes raw materials, supplies and packaging used in the production of soap, lotion, cosmetics and candles as well as other personal care products by professional crafters.
2 min read · 17 July 2019
Joseph Landy is stepping down as co-CEO of Warburg Pincus and will transition out of the role over the next year, Bloomberg reported. Charles Kaye, 55, will become sole CEO while former U.S. Treasury secretary Timothy Geithner, 57, is staying on as president, the story said.
1 min read · 17 July 2019
2 min read · 16 July 2019
Graduway said July 16 that it raised a $60 million investment from K1 Investment Management. Graduway, of London, provides alumni engagement and career services management software for educational institutions and non-profit organizations.
4 min read · 16 July 2019
Mercer Global Advisors Inc, a portfolio company of Genstar Capital, said July 16 that it acquired Physicians Financial Advisors Inc. Financial terms weren’t announced. Physicians Financial Advisors, of Newport Beach, California, is a boutique RIA serving 80 high net worth households throughout the United States.
3 min read · 16 July 2019
First Associates Loan Servicing LLC said July 16 that Stone Point Capital LLC has acquired a majority stake in the company. Financial terms weren’t announced. First Associates, of San Diego, provides loan and leases services.
3 min read · 16 July 2019
Spectrum Equity has invested in Visual Lease. Financial terms weren’t announced. Visual Lease provides a real estate and equipment lease management and accounting software platform for public and private companies, government entities and other organizations with 50 to 20,000+ leases.
4 min read · 16 July 2019
KKR said July 16 that it appointed Emilia Sherifova as a member and chief information & innovation officer, effective immediately. Previously, Sherifova worked at Northwestern Mutual where she led the company’s digital transformation in the role of chief technology officer.
3 min read · 16 July 2019
