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.
DRI Capital has collected $1.45 billion for its third fund, surpassing its $1 billion target. Along with available debt, Fund III will give DRI $3 billion of purchasing power. Drug Royalty III will acquire royalties from global pharmaceutical and biotechnology companies, research institutions, universities, and inventors. Atlantic-Pacific Capital was placement agent for Fund III. DRI Capital, of Toronto, buys royalty streams on approved and clinical stage pharmaceutical products.
2 min read · 09 September 2013
The Carlyle Group is buying the Red Oak power generation facility in Sayreville, N.J. from Energy Capital Partners. In a separate deal, Carlyle has also acquired five power plants in California. This includes the 122-MW Midway natural gas-fired plant in Firebaugh and the CalPeak portfolio of four natural gas-fired plants totaling 198 MW in Escondido, Firebaugh, San Diego and Vacaville, Calif. Starwood Energy Group Global is selling the Midway plant, while Blackstone's GSO Capital Partners, Starwood and Tyr Energy are selling the CalPeak portfolioio.
3 min read · 09 September 2013
Buyout firm Silver Lake is working on a sale of information technology management company Serena Software Inc, which it has tried to sell at least once before since it acquired the company for $1.2 billion in 2006, Reuters reported.
2 min read · 09 September 2013
LeapFrog Investments has collected $204 million in an initial raise for its second fund. Investors include insurers such as MetLife Inc., Prudential (USA), XL Group, Achmea, PartnerRe and Swiss Re, while JPMorgan Chase & Co., Christian Super and TIAA-CREF also committed. Other investors include CDC, DEG, the European Investment Bank, FMO, and Oikocredit. LeapFrog's first fund collected $135 million. Fund II will invest in companies in Africa, South Asia and Southeast Asia that provide financial services such as insurance, savings, pensions and investment products to emerging consumers.
4 min read · 09 September 2013
Johnson & Johnson has launched a sale process for its Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion, Reuters is reporting.
2 min read · 06 September 2013
Ebay said Friday it has bought Decide.com. Financial terms weren't announced. Seattle-based Decide.com helps consumers find the best time to buy products. Decide. com has raised $17 million in venture capital from Madrona Venture Group, Maveron, Vulcan Capital, and angel investors.
2 min read · 06 September 2013
Dr. Katherine Woodthorpe has resigned as Chief Executive of The Australian Private Equity and Venture Capital Association. She will remain in the role until Oct. 31, according to a statement. AVCAL’s Council has appointed Heidrick & Struggles to find a successor.
3 min read · 06 September 2013
Matt Oehlmann has joined Evergreen Pacific Partners as a VP. Oehlmann will primarily focus on origination throughout Southern California and the West Coast. Most recently, Oehlmann was a VP at Marlin Equity Partners.
2 min read · 06 September 2013
Quadria Capital announced a first close for its second fund which has so far raised $107 million in commitments. Quadria Capital Fund L.P., which makes growth equity investments, will continue to raise capital until the final close, a spokesman said. A target was not disclosed. Quadria Fund II invests in healthcare companies in South and Southeast Asia.
2 min read · 06 September 2013
David Ramazetti has joined Vector Capital as an MD of business development. Most recently, Ramazetti was an MD at Piper Jaffray.
2 min read · 06 September 2013
