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.
Solis Capital Partners and Innovate Partners have invested in Lindora. Financial terms weren’t announced. Costa Mesa, California-based Lindora provides medically supervised weight loss and weight management programs.
3 min read · 18 February 2015
Firefly Games said Tuesday it raised an $8 million Series A round of financing led by Skyocean International Holdings, Ceyuan Ventures and GuangZhou WinHi. Los Angeles-based Firefly aims to distribute Asian mobile games to Western markets and plans to release four titles this year.
2 min read · 18 February 2015
Better Walk said Tuesday it closed a Series A round at $450,000 led by MB Venture Partners. Atlanta-based Better Walk is a medical device company that has developed crutches that are an alternative to traditional underarm or forearm crutches. Better Walk has raised $600,000 in total funding to date.
2 min read · 18 February 2015
Myers Industries Inc. said Tuesday that it has closed the sale of its Lawn & Garden business to Wingate Partners. The deal, announced in January, was valued at $110 million. Terms of the agreement include a $90 million cash payment and a $20 million note.
1 min read · 18 February 2015
Apptimize has led a $4 million Series A funding round led by Costanoa Venture Capital. Menlo Park, California-based Apptimize provides optimization tools for mobile apps. Apptimize's total funding now comes to $6 million.
3 min read · 18 February 2015
Advantage Rent A Car, which is backed by The Catalyst Group, has agreed to buy E-Z Rent-A-Car Group Holding LLC. Financial terms weren’t announced. The combined companies will have a presences in 22 of the top 25 U.S. airports. Orland, Florida-based E-Z Rent-A-Car provides value-priced car rental services.
4 min read · 18 February 2015
Clearlake Capital Group LP said Tuesday it has sold PrimeSport Holdings Inc. to The Carlyle Group, Moorad Sports Partners and RSE Ventures. Financial terms weren’t announced. PrimeSport management and Clearlake will retain a minority stake in the Atlanta-based sports, travel and entertainment management company. Clearlake invested in PrimeSport in January 2014. UPDATE: Clearlake is expected to make over 3x its money with the sale of PrimeSport, a source said. Lincoln International provided financial advice to PrimeSport/Clearlake while PricewaterhouseCoopers advised Carlyle.
4 min read · 17 February 2015
Warburg Pincus has committed $125 million to Nirvana Development Tbk PT. The firms are creating a joint venture to build and develop a retail platform in Indonesia. Warburg has the option to invest another $75 million, the release said. The JV will seek to develop shopping malls across second- and third-tier cities in Indonesia. Jakarta, Indonesia-based Nirvana is a property developer.
4 min read · 17 February 2015
First Reserve said Monday that it named Alex Krueger as Co-Chief Executive Officer and President of the firm. William Macaulay becomes Chairman and now Co-CEO of First Reserve. Krueger has been with First Reserve for 16 years, most recently in a leadership role for the private equity portfolio. PeHUB reported news of the promotion on Friday.
3 min read · 17 February 2015
Rainbow Medical has raised $25 million. Investors include Chinese insurance holding company Ping An, investment and financial management company YongJin, Chinese telecommunications firm ZTE Corp. as well as Chinese venture capital funds. Herzliya, Israel-based Rainbow Medical is an R&D and operational investment company.
2 min read · 17 February 2015
