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.
In Second Opinion, Rackspace is no longer for sale, that NFC chip on the iPhone 6 and 6 Plus will only be used for Apple Pay and another round of layoffs at MSFT is expected later this week.
1 min read · 16 September 2014
Apax Partners is exiting TriZetto Corp. after six years.
2 min read · 16 September 2014
Waiting six years appears to have worked out for Apax Partners. The U.K. private equity firm said on Sept. 15 that it had agreed to sell its majority stake in TriZetto Corp to Cognizant Technology Solutions Corp for $2.7 billion.
2 min read · 15 September 2014
In Second Opinion, Microsoft buys Mojang, maker of Minecraft, Alibaba is raising the terms of its IPO to $66 to $68 a share and what do venture capitalists actually do all day.
1 min read · 15 September 2014
Brown Jordan International, which is backed by Crescent Capital Group, said Monday it has acquired Tropitone Furniture. Financial terms weren’t announced. Pfingsten Partners, in 2007, led a buyout of Tropitone, a seller of outdoor casual furniture. The deal was financed by cash on hand as well as debt financing from AIG Investments and Bank of America Merrill Lynch. Moelis & Company was the financial advisor and debt placement agent to Brown Jordan. Intrepid Investment Bankers advised Tropitone.
3 min read · 15 September 2014
Angeles Equity Partners is seeking $300 million for its first fund, two sources said.
1 min read · 12 September 2014
In Second Opinion, Peter Thiel is the John D. Rockefeller of our age, about 1,000 Uber drivers plan to strike Monday and North Korea supports Scottish independence. Plus, Zeus, the world's tallest dog, has passed away.
1 min read · 12 September 2014
Angeles Equity Partners is seeking $300 million for its first fund, two sources said.
1 min read · 12 September 2014
In Second Opinion, Radioshack may file for bankruptcy, the difference between the iPhone 6 and the iPhone 6 Plus, research finds that Uber's revenue is 12x that of Lyft's and whether Hilton is the best LBO ever.
1 min read · 11 September 2014
Court Square Capital Partners appears to have gotten its money back on Vestcom International in less than two years.
2 min read · 10 September 2014
