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.
After just a two-year hold, Aquiline Capital Partners is looking to sell auto finance company First Investors Financial Services, two sources said.
2 min read · 27 October 2014
After just a two-year hold, Aquiline Capital Partners is looking to sell auto finance company First Investors Financial Services, two sources said.
2 min read · 24 October 2014
In Second Opinion, Amazon takes a $170 mln write down due to the poor selling Fire phone, iTunes digital music sales have dropped 13% to 14% world-wide since the start of the year and the S&P 500 posts its best week since January 2013.
1 min read · 24 October 2014
Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.
1 min read · 24 October 2014
Northleaf Venture Catalyst Fund said it made a $10 million commitment to Version One Ventures’ second fund. Vancouver-based Version One Ventures II closed at $35 million, peHUB has reported, targets seed and Series A companies in marketplaces/platforms, SaaS and mobile sectors.
2 min read · 24 October 2014
TierPoint has agreed to buy Xand from ABRY Partners. Financial terms weren’t announced. Ontario Teachers’ Pension Plan is also investing. Xand provides colocation, cloud, disaster recovery, and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts. RBC Capital Markets and Credit Suisse are providing debt financing. DH Capital provided financial advice to ABRY/Xand.
3 min read · 24 October 2014
An investor group led by Siris Capital Group has agreed to buy Digital River in a deal valued at about $840 million. Terms of the deal call for Siris to buy all outstanding Digital River shares for $26 each cash. Minneapolis-based Digital River provides Commerce-as-a-Service solutions. Digital River has the right to solicit alternative offers from third parties during a 45-day “go shop.” Macquarie Capital and Sankaty Advisors are providing debt financing. Morgan Stanley & Co. advised Digital River, while Union Square Advisors and Evercore Partners provided financial advice to Siris.
7 min read · 24 October 2014
In Second Opinion, Christian Bale will play Steve Jobs in the movie written by Aaron Sorkin, while Uber is riding around and offering free flu shots. Plus, quotes from Marc Andreessen and Ron Conway on how to raise money.
1 min read · 23 October 2014
Clearlake Capital Group, along with oilfield industry veteran Steve Hardwick, has formed Mission WEST Inc. Houston-based Mission WEST provides oilfield water management solutions to customers in North America. Hardwick is CEO.
3 min read · 23 October 2014
NYLON Media, which is backed by Diversis Capital, said Thursday that Paul Greenberg was named its CEO effective immediately. NYLON Media publishes magazines including NYLON and FashionIndie.com.
3 min read · 23 October 2014
