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.
To end your Friday, Egnyte seeks $25 mln in funding, the iPhone 5s is in hot demand, and BlackBerry plans to cut 4,500 jobs.
1 min read · 20 September 2013
Catterton Partners, the consumer-focused private equity firm behind the successful Noodles & Co. IPO, said Wednesday it closed two funds that raised a combined $2.1 billion.
2 min read · 18 September 2013
Certain GPs are having an easier time attracting money from limited partners, but for many, the prospect of launching a new fund remains daunting.
2 min read · 18 September 2013
Bregal Sagemount has made a significant growth investment in Network Merchants. The deal was valued at nearly $200 million. Goldman Sachs Specialty Lending Group and TPG Specialty Lending provided additional financing. Network Merchants, of Roselle, Ill., is a provider of e-commerce payment gateways. FT Partners provided financial advice to Network Merchants.
3 min read · 18 September 2013
Today in Second Opinion, FindTheBest CEO Kevin O'Connor fights back against patent trolls, Twitter may be the last big social media IPO and doctor uses new tech to grow back a man's finger.
1 min read · 17 September 2013
The Center for Innovative Technology said that its CIT GAP Funds has invested in Fitnet. Financial terms weren't announced. Blacksburg, Va.-based Fitnet is a virtual fitness studio application.
3 min read · 17 September 2013
Rockbridge Growth Equity has acquired Rapid Financial Services, which does business as RapidAdvance. Financial terms weren't announced. Bethesda, Md.-based RapidAdvance provides capital for small business. Current investors Andrew Cherner, Jonathan Cherner and Steven Mandis will remain shareholders of the company.
2 min read · 17 September 2013
TA Associates has acquired a majority stake in SoftWriters Holdings. Financial terms weren't announced. Allison Park, Pa.-based SoftWriters provides pharmacy management software to the long-term care industry. Robert W. Baird & Co. served as financial advisor to SoftWriters. News of the SoftWriters sale was reported by peHUB last week.
3 min read · 17 September 2013
EQT has invested in Avenso. Financial terms weren't announced. Burda, a minority shareholder, has sold its stake to EQT. Founded in Berlin, Avenso operates a gallery networks for photographs globally.
5 min read · 17 September 2013
Today in Second Opinion, we have news that Google buys Bump Tech, JP Morgan nears settlement of Whale fiasco and what really caused Detroit's bankruptcy.
1 min read · 16 September 2013
