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.
Veniam said Tuesday that it raised $4.9 million in Series A funding led by True Ventures, with participation from Union Square Ventures, Cane Investments and private investors. Mountain View, Calif.-based Veniam provides technology to turn vehicles into WiFi hotspots.
4 min read · 02 December 2014
Grace Hill, which is backed by The Riverside Company, has acquired The Training Factor. Financial terms weren’t announced. The Training Factor, of Kennesaw, Ga., provides online training solutions to the multifamily housing industry.
3 min read · 02 December 2014
Centerbridge Partners has agreed to buy IPC Systems for about $1.2 billion. Silver Lake Partners is the seller. The deal is expected to close in January 2015. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and The Goldman, Sachs & Co. advised IPC. Barclays and Credit Suisse Securities provided financial advice to Centerbridge.
4 min read · 02 December 2014
The Ontario Teachers' Pension Plan said Tuesday that Jo Taylor was appointed Managing Director for Europe, Middle East and Africa (EMEA) and head of the London office. Taylor will be responsible for Teachers' Private Capital and private equity investments in the region.
2 min read · 02 December 2014
Apellis Pharmaceuticals said Tuesday it has completed a $33 million private placement of its Series C Preferred Stock. The financing was led by Morningside Ventures and AJU IB Investment Co., Ltd. with Epidarex Ventures participating with follow-on funding. Appellis, of Crestwood, Kentucky, is a biotech company that applies immunotherapy to autoimmune disease.
5 min read · 02 December 2014
L Capital Asia, the Asian private equity fund sponsored by LVMH Moët Hennessy Louis Vuitton S.A., has acquired a controlling interest in Seafolly. Financial terms weren’t announced. Seafolly, a leading swimwear company from Australia, produces AUD 100 million in revenues.
2 min read · 02 December 2014
H.I.G. Capital has invested in Pegasus Electronic Distribution Services via a recapitalization. Toni Portmann is interim CEO for Pegasus and full-time executive chair of the board. Dallas-based Pegasus processes electronic hotel transactions.
3 min read · 02 December 2014
Blackstone said late Monday that it has agreed to sell IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8.1 billion. IndCor, as a result, will no longer be pursuing an IPO, the statement said. IndCor owns and operates a portfolio of 117 million square feet of industrial properties throughout the United States. Eastdil Secured, Citigroup, Barclays and RBC Capital Markets acted as advisors to Blackstone.
2 min read · 02 December 2014
The Riverside Company said Monday it has agreed to sell Baby Jogger Holdings to Newell Rubbermaid. The deal is valued at $210 million, according to a separate statement from Newell Rubbermaid. Richmond, Va.-based Baby Jogger markets a line of baby strollers and related accessories. Robert Rosenfeld and Nick Pavlidis of Baird provided financial advice to Newell Rubbermaid.
2 min read · 01 December 2014
In Second Opinion, Uber hires Goldman Sachs to raise money from the bank's high-net worth clients, Lending Club sets terms for its pending IPO, AOL buys Vidible while Microsoft is acquiring email startup Acompli.
1 min read · 01 December 2014
