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.
Vista Equity Partners, the technology-focused private equity firm, closed its fifth flagship fund Wednesday at $5.775 billion.
1 min read · 15 October 2014
The Riverside Company said Wednesday it has bought a majority stake in Spectrio from SJ Partners and other investors. Financial terms weren’t announced. Oldsmar, Fla.-based Spectrio provides on-hold messaging and digital signage managed services. BMO, NXT Capital and New Canaan provided financing for the transaction. Lazard Middle Market advised Spectrio.
2 min read · 15 October 2014
Viewics said Wednesday it secured an additional $8 million in funding, led by the Canvas Venture Fund. Sunnyvale, Calif.-based Viewics a healthcare analytics and data platform company.
3 min read · 15 October 2014
Dan Francis, the Co-founder and Executive Chairman of Edgewood Partners Insurance Center, has elected to leave the company effective Nov. 1. San Francisco-based Edgewood Partners is a national retail property, casualty insurance brokerage and employee benefits consultant. The Carlyle Group acquired EPIC in 2013. Stone Point Capital is also an investor.
3 min read · 15 October 2014
Monroe Capital said Tuesday it acted as sole lead arranger and administrative agent on a $35 million loan to support the recap of Trident University by a Northeast-based private equity sponsor. Monroe did not disclose the name of the investor. Cypress, Calif.-based Trident is an online provider of post-secondary educational degree programs.
2 min read · 15 October 2014
Harrison Gypsum, a portfolio company of H.I.G. Capital, has acquired The Gravel Company. Financial terms weren’t announced. The Gravel Company provides aggregate materials, including sand and gravel, limestone, and caliche, to the construction industry across various oil & gas basins throughout South Texas. The Company will do business as ACG Materials, H.I.G. Capital said in a release.
3 min read · 15 October 2014
IronGate Energy Services, which is backed by Clearlake Capital Group, said Wednesday it has acquired Sun Tubular Services. Financial terms weren’t announced. Andrews, Texas-based Sun Tubular provides rental services to exploration and production operators in the Permian Basin.
3 min read · 15 October 2014
Selecta Biosciences said Wednesday it has secured $20 million in equity funding from new and all of Selecta’s existing investors. Including the $20 million, Selecta said it has obtained a total of $78.6 Million in funding to date. Investors include Polaris Venture Partners, Flagship Ventures, OrbiMed Advisors, NanoDimension, Rusnano, I2BF, Eminent Venture Capital and Leukon Investments. Selecta is a clinical stage biotechnology company that is developing a class of targeted antigen-specific immune therapies.
3 min read · 15 October 2014
Leeds Equity Partners has acquired iModules Software. Financial terms weren’t announced. Leawood, Kan.-based iModules provides software for the educational institutions. Aeris Partners advised iModules.
3 min read · 15 October 2014
In Second Opinion, Google reveals another SSL vulnerability, Mark Zuckerberg pays $100 mln for 700 acres in Hawaii and the U.S. Supreme Court is allowing California to continue to ban foie gras.
1 min read · 15 October 2014
