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.
Royal Bank of Scotland said it sold its remaining stake of about 20 percent in WorldPay to the payment processing firm's majority shareholders, private equity firms Advent International and Bain Capital, Reuters reported.
1 min read · 27 November 2013
Square 1 Bank has provided $7.5 million growth capital facility to Talari Networks.San Jose-based Talari provides network reliability and business continuity solutions. Talari's investors include Menlo Ventures, Silver Creek Ventures and Four Rivers Group.
2 min read · 27 November 2013
Clairvest Group said Tuesday that it, along with LPs it controls, made a $28.5 million in Winters Bros. Waste Systems. Danbury, Conn.-based Waste Systems is a privately-owned, regional solid waste collection, recycling and disposal company.
2 min read · 27 November 2013
Morgenthaler Private Equity has sold Satellite Logistics Group to JF Hillebrand Group AG. Financial terms weren't announced. Houston-based Satellite Logistics provides reverse beverage logistics and supply chain management solutions. William Blair & Company served as financial advisor to MPE.
3 min read · 26 November 2013
Henry Schein said Tuesday it has agreed to buy a 60 percent stake in BioHorizons. Financial terms were not disclosed. Henry Schein said it will lend approximately $145 million to BioHorizons to fund, among other uses, a distribution to shareholders, which will occur before the deal closes. Then, Schien will provide an equity investment. Birmingham, Ala.-BioHorizons makes advanced dental implants sold internationally. BioHorizons is a portfolio company of Healthpoint Capital.
8 min read · 26 November 2013
Penfund has completed a $60 million 2nd lien loan to Caliber Collision Centers, a portfolio company of OMERS Private Equity. Lewisville, Texas-based Caliber operates collision repair centers in the United States.
3 min read · 26 November 2013
The Carlyle Group has agreed to acquire Diversified Global Asset Management Corporation. Financial terms weren't announced. Toronto-based Diversified Global is a manager of hedge funds with more than $6.7 billion in managed and advised assets. Carlyle said it is using equity from its balance sheet to fund the deal, which is expected to close in February 2014. Goldman, Sachs & Co. was financial advisor to Diversified Global Asset Management.
3 min read · 26 November 2013
To start your week, working at Amazon could make you crazy, the big law firm merger between Orrick and Pillsbury Winthrop is off, and whether selfies are bad for women.
1 min read · 25 November 2013
Littlejohn & Co., which is expected to be out fundraising soon, is apparently buying Newgistics.
1 min read · 25 November 2013
Pixium Vision has closed a €15 million (US$20.3 mln) Series A extension financing led by Sofinnova Partners with support form Bpifrance, through the InnoBio fund, and existing series A investors Omnes Capital and Abingworth LLP. Pixium Vision develops retinal implant systems.
3 min read · 25 November 2013
