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.
Masharie, an investment subsidiary of Dubai Investments, is selling a strategic equity stake in Anchor Allied Factory to to Alkhabeer Capital. Financial terms weren't announced. Anchor Allied, of Sharjah, United Arab Emirates, produces and supplies adhesive tapes, silicone sealants and spray paints in the Middle East.
2 min read · 16 September 2013
NXT Capital said Monday that it expanded its new direct originations team by hiring David Gozdecki, James Clifton and Jeffrey Kurtzweil. The direct originations team sources senior secured, stretch, unitranche and 2nd lien cash flow solutions for non-sponsored middle market companies. Gozdecki was most recently an MD in the GE Capital’s Corporate Finance Group, while Clifton was previously a VP at GE Capital. Kurtzweil was most recently a VP in GE Capital’s Senior Secured Loan Program.
2 min read · 16 September 2013
Private equity deals have slowed this year and healthcare is one of the sectors taking the biggest hit.
2 min read · 14 September 2013
Private equity deals have slowed this year and healthcare is one of the sectors taking the biggest hit, sister publication peHUB reported.
2 min read · 13 September 2013
EMIS Group has acquired Ascribe for an initial consideration of 57.5 million british pounds (US$91 million), plus a deferred element contingent on performance. The seller was ECI Partners. Ascribe, of the U.K., supplies healthcare IT solutions. Altium provided financial advice to Ascribe.
2 min read · 13 September 2013
Edison Ventures has exited Tangoe by selling the last of the shares it held, a company spokeswoman says. Edison initially invested in Tangoe, an Orange, Conn.-based provider of communications lifecycle management software, in 2002. Tangoe went public in 2011. Edison said the investment in Tangoe generated total cash proceeds to Edison of $80 million, or 10X investment cost.
3 min read · 13 September 2013
Gordon Chong has joined Aditazz as part of the leadership team and will serve as a member of the board. Chong, an architect, led healthcare design firm, Chong Partners Architecture, for 32 years. San Bruno-based Aditazz, which designs and constructs buildings, has received venture funding from Artiman Ventures.
3 min read · 13 September 2013
Gordon Stitt is joining Nebula as CEO as of Sept. 23. Chris Kemp, the current CEO, will become Nebula's chief strategy officer and join the company's board. Stitt is Extreme Network's former CEO and co-founder. Mountain View, Calif.-based Nebula, a private cloud company, is venture‐funded by Kleiner Perkins Caufield & Byers, Comcast Ventures and Highland Capital Partners.
2 min read · 13 September 2013
To end your week, we have news that Silicon Valley isn't a meritocracy, Apple's new iPhone 5S doesn't actually store fingerprints and the NSA impersonated Google to get dirt on people.
1 min read · 13 September 2013
Advent International is partnering with CDIB Capital to buy a "significant equity position" in International Coffee & Tea, LLC, which owns and operates The Coffee Bean & Tea Leaf. Financial terms weren't announced. Mirae Asset Private Equity and the Sassoon family, the Coffee Bean's largest existing shareholder, also participated. Los Angeles-based The Coffee Bean is a specialty coffee and tea retailer in the United States.
6 min read · 12 September 2013
