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.
Rockbridge Growth Equity said Wednesday it has acquired the Robb Report. Financial terms weren’t announced but a news report said the deal was valued at $60 million. Malibu, Calif.-based Robb Report is a magazine that caters to ultra affluent consumers. Dan Gilbert, who owns the Cleveland Cavaliers, is the Rockbridge Growth’s managing partner. Kathleen Thomas of Berkery Noyes advised the Robb Report.
4 min read · 03 December 2014
Connora Technologies said Wednesday that it received an investment from Samsung Venture Investment Corp. Hayward, Calif.-based Connora is chemical company with expertise in molecular design of degradable performance thermoset materials.
3 min read · 03 December 2014
Technology Crossover Ventures has led a $56.7 million Series D round for Thinking Phone Networks. The round also includes funding from existing investor Bessemer Venture Partners. Cambridge, Mass-based Thinking Phones provides technology that aims to unify voice, text and conferencing services on a single cloud platforms.
4 min read · 03 December 2014
KKR has closed a $50 million investment in Next Issue Media. Next Issue is a joint venture formed by six publishers – Condé Nast, Hearst, Meredith, News Corp., Rogers Communications and Time Inc. – to provide unlimited access to digital magazine content in the U.S. and Canada. The Raine Group advised Next Issue.
3 min read · 03 December 2014
Marlin Equity Partners said Wednesday it merged LogicBlox with Predictix and completed a growth equity investment in the companies. Financial terms weren’t announced. LogicBlox, of Atlanta, is a database provider while Predictix, also of Atlanta, offers cloud-based retail applications.
3 min read · 03 December 2014
Weaveworks said Wednesday it secured $5 million in Series A financing led by Accel Partners. London-based Weaveworks helps companies build and migrate applications to run on any container technology.
4 min read · 03 December 2014
Ridgemont Equity Partners has acquired Allied 100. Financial terms weren’t announced. Woodruff, Wis.-based Allied which provides products and services to the automated external defibrillator marketplace. BMO Harris Bank N.A., GE Capital Healthcare Financial Services and Fidus Investment Corp. provided financing. BlackArch Partners advised Allied.
2 min read · 03 December 2014
Women who want to succeed in private equity shouldn’t expect much work-life balance, according to Robert Smith, founder and CEO of Vista Equity Partners.
2 min read · 03 December 2014
In Second Opinion, Stripe raises $70 mln, Chicago approves raising the minimum wage to $13 an hour and Amazon's Jeff Bezos says there is a succession plan but he's not telling.
1 min read · 02 December 2014
The Riverside Company said Tuesday it has sold Precision Wire Components to Creganna-Tactx Medical. Financial terms weren’t announced. Tualatin, Ore.-based Creganna-Tactx is an outsourced manufacturer of complex wire components and assemblies serving the minimally invasive medical device industry. Jones Day and Piper Jaffray advised Riverside on the deal.
2 min read · 02 December 2014
