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.
Blinq Networks said Monday it raised $15.1 million in Series B funding led by the Win Fund. Kensington Global Private Equity Fund is a new investor. Existing investors BDC Capital, New Venture Partners and Summerhill Venture Partners also participated in the round. Plano, Texas-based Blinq, which has raised $32.5 million in total financing, provides network services that help mobile operators deliver mobile broadband services in high density areas.
3 min read · 08 September 2014
Baird Capital said Monday that Melissa Mounce has joined as VP of Human Capital. Mounce previously was the Global Divisional Talent Acquisition Leader for Abbott. Baird is the private investment arm of Robert W. Baird & Co.
2 min read · 08 September 2014
Why would a GP leave the private equity firm he co-founded to return to his roots as an attorney?
2 min read · 05 September 2014
In Second Opinion, Alibaba could raise $21.1 bln in its IPO, Starbucks is launching smaller, express-style stores to speed up service and Dave & Buster's is filing to go public again.
1 min read · 05 September 2014
Why would a GP leave the private equity firm he co-founded to return to his roots as an attorney? So he could advise on complex deals.
2 min read · 05 September 2014
In Second Opinion, we have Megan Smith becoming the U.S. Chief Technology Officer, BP could be fined another $18 billion for the Gulf of Mexico oil spill four years ago and Twitpic is shutting down Sept. 25.
1 min read · 04 September 2014
In Second Opinion, Carl Icahn sells his entire stake in Family Dollar Stores, should universities get involved in venture capital and Michael Bloomberg is returning to lead the company he founded.
1 min read · 04 September 2014
Hearst Corp. said Wednesday it has bought an 80 percent stake in KUBRA Data Transfer. Sellers include Clairvest Partners. Financial terms weren’t announced. Kubra, of Mississauga, Ontario, is a payment processor for utilities and companies in the insurance, financial services and healthcare sectors. Wells Fargo Securities advised Hearst Corporation and Financial Technology Partners served as advisors to KUBRA. News of the sale was reported by peHUB in May.
4 min read · 03 September 2014
FanDuel said Tuesday that it closed $70 million in Series D financing led by Shamrock Capital Advisors. NBC Sports Ventures and KKR participated in the round. New York-based FanDuel provides fantasy sports leagues that last just one day. Existing investors include Comcast Ventures, Pentech Ventures, Bullpen Capital, Scottish Enterprise and serial investor Richard Koch also participated. The company has raised $88 million in total capital. Mesa Global served as FanDuel’s investment bank for this round of financing.
4 min read · 02 September 2014
In Second Opinion, Apple denies that an iCloud breach caused the theft of celebrity nude photos, Credit Suisse investigates two traders on its European equities sales team in London and FanDuel raises $70 mln.
1 min read · 02 September 2014
