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.
Kubra, which is backed by the Clairvest Group, is up for sale, several sources told peHUB.
1 min read · 15 May 2014
In Second Opinion, Uber is in talks for a new round of financing that may value it at more than $10 bln, the FCC opts for Internet "fast lanes," Apple's buy of Beats won't be finalized until next week and too much exercise can be harmful for your heart.
1 min read · 15 May 2014
Steve Lefkowitz, president and COO of CI Capital Partners, is leaving the firm, according to a letter to LPs obtained by peHUB.
2 min read · 14 May 2014
In Second Opinion, JustFab is seeking funding of $50 mln to $100 mln ahead of an IPO, Condoleezza Rice sorta talked about her appointment to Dropbox's board and Square expects to be profitable in next year. Plus Happy Birthday, Mark Zuckerberg.
1 min read · 14 May 2014
The Riverside Company said Wednesday that its second Asia-Pacific fund closed at $235 million. This is a 57 percent increase over Riverside Asia-Pacific Fund II’s $150 million target. RAF II seeks to make control buyouts of companies with less than $15 million in EBITDA in the developed economies of the Asia-Pacific region.
2 min read · 14 May 2014
Worldpay Group has invested in Pazien. Financial terms weren’t announced. Boston-based Pazien, a payments startup. Worldpay, a payments provider, is backed by Bain Capital and Advent International.
2 min read · 14 May 2014
Genstar Capital Management has sold ConvergeOne to Clearlake Capital. Financial terms weren’t announced. Eagan, Minn.-based ConvergeOne provides data, communications, collaboration, and customer interaction solutions and managed services. UPDATE: In a separate statement, Clearlake said Credit Suisse and BMO Capital Markets are providing debt financing. William Blair advised ConvergeOne, while BMO and Credit Suisse provided financial advice to Clearlake.
3 min read · 14 May 2014
Peerius has received growth finance of £1.2million (US$2.02 million) from Beringea Growth Finance, part of Beringea. U.K.-based Peerius provides personalization software for multi-channel and pure-play retailers.
2 min read · 14 May 2014
In Second Opinon, we have why the NBA is taking so long to get rid of Don Sterling, Microsoft drops price of Xbox One to $400 with out Kinect, BWAY Corp. may go up for sale again and the Goldman banker who took Twitter public is leaving.
1 min read · 13 May 2014
Silver Lake Partners stands to make close to three times its investment in Mercury Payment Systems, which has agreed to be acquired by Vantiv for $1.65 billion.
2 min read · 13 May 2014
