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.
Shore Capital Partners has sold SCP Specialty Infusion to AxelaCare Health Solutions. Financial terms weren't announced. SCP Speciality provides acute home infusion services in the Western U.S.
3 min read · 25 November 2013
The Center for Innovative Technology said Monday that its CIT GAP Funds has invested in LiveSafe. Financial terms weren't announced. Arlington, Va.-based LiveSafe provides a mobile phone based safety solutions to enable a crowdsourced approach against crime.
3 min read · 25 November 2013
The Carlyle Group announced Monday the final close of its latest U.S. buyout fund. Carlyle Partners VI collected $13 billion and will invest in U.S. corporate buyouts and strategic minority investments across six industries. Carlyle began fundraising for Fund VI in late 2011 with a $10 billion target. Carlyle said its senior professionals, operating executives, other professionals and advisors committed $1 billion in capital to Fund VI. The firm's previous U.S. buyout fund, Carlyle Partners V, closed at $13.7 billion in 2008.
3 min read · 25 November 2013
Fireman Capital Partners has acquired a majority stake in Skip Hop. Financial terms weren't announced. Skip Hop founders Michael and Ellen Diamant will retain a meaningful ownership stake, and will continue to lead the company. New York-based Skip Hop is a lifestyle brand that serves the infant and toddler industry with both soft and hard line products. ROTH Capital Partners provided financial advice to Skip Hop.
3 min read · 22 November 2013
To start your weekend, we have news that a federal appeals court rules that Starbucks baristas must share their tips with supervisors, messaging appears to be Instagram's next big thing and Batkid gets a movie trailer.
1 min read · 22 November 2013
TransUnion has received court approval to buy TLO for $154 million. The sale was announced in October. Boca Raton, Fla.-based TLO, a data company, filed for Chapter 11 bankruptcy protection in May.
2 min read · 22 November 2013
Aurora Capital Group has completed its buy of National Technical Systems. The deal, announced in August, was valued at roughly $267 million. Calabasas, Calif.-based NTS provides engineering services to the aerospace, defense, telecommunications, automotive and high technology markets.
4 min read · 22 November 2013
Sitari Pharmaceuticals has raised $10 million in Series A financing and R&D support from Avalon Ventures and GlaxoSmithKline. Sitari is developing treatments for celiac disease. Sitari's funding is a product of a $496 million alliance forged between Avalon and GSK in April to back startups in San Diego. GSK reportedly committed the bulk of the $495 million.
4 min read · 22 November 2013
Neil MacBride, former U.S. Attorney for the Eastern District of Virginia, has joined Davis Polk & Wardwell as a partner in its Washington DC office. MacBride served as U.S. Attorney for the EDVA from 2009 to 2013.
4 min read · 22 November 2013
Wevorce said Thursday it had raised a $1.7 million seed round from several investors including Foundation Capital and Sam Altman. Total funding for Wevorce to date comes to $2 million. San Mateo-based Wevorce technology platform and a family-centric mediation process that aims to make every divorce amicable.
3 min read · 22 November 2013
