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.
Modernizing Medicine said Tuesday it received $14 million from Summit Partners. Mark deLaar of Summit is also joining the Modernizing Medicine board. Boca Raton, Fla.-based Modernizing Medicine provides a a cloud-based, specialty-specific electronic medical record system for physicians.
4 min read · 20 August 2013
Today we have news that VCs don't slow down the pace of investments in August, the U.K. government's attempts to stop Snowden stories and GoDaddy buys Locu.
1 min read · 20 August 2013
Welsh, Carson, Anderson & Stowe has agreed to buy a majority of Alert Logic, along with company management. Financial terms weren't announced. Selling shareholders include Updata Partners, Covera Ventures, Mercury Fund, OCA Ventures, Access Venture Partners, and Industry Ventures. Houston-based Alert Logic provides a portfolio of Security-as-a-Service solutions for customers of hosting and cloud service providers. Morgan Stanley advised Alert Logic. Stifel, Nicolaus & Co. provided financial advice to Welsh, Carson.
4 min read · 20 August 2013
Square 1 Bank has provided a credit facility to NanoLumens. Financial terms weren't announced. Atlanta-based NanoLumens makes and markets flexible and fixed LED displays.
2 min read · 20 August 2013
OMERS Private Equity, the private equity arm of OMERS, has sold Nordco to Greenbriar Equity Group. Financial terms weren't announced. Nordco provides highly-engineered equipment, parts and services that ensure the safety, efficiency and function of rail transportation in North America. Robert W. Baird & Co. served as financial advisor to OMERS.
2 min read · 20 August 2013
Clairvest Group said Monday it promoted Mitch Green to Managing Director, effective immediately. Green has been with Clairvest since 2002 and has been involved with Clairvest's efforts in the equipment rental industry, IT Services and select business service verticals.
2 min read · 20 August 2013
Greenbriar Equity Group has acquired Nordco. Financial terms weren't announced. Oak Creek, Wis.-based Nordco supplies new, rebuilt, and used maintenance-of-way equipment and rail-related product and services, including ultrasonic rail flaw detection and mobile railcar movers.
2 min read · 20 August 2013
TA Associates is apparently investing in BluePay, a provider of credit card processing services.
1 min read · 19 August 2013
Kohlberg Kravis Roberts & Co. said Monday that Joseph J. Plumeri has joined the firm as a senior advisor. Plumeri is also joining the board of First Data, a KKR portfolio company. Plumeri served 12 years as Willis Group chairman and CEO and as its non-executive chairman through July 2013.
4 min read · 19 August 2013
HgCapital said Monday it acquired e-conomic. Financial terms weren't announced. Coppenhagen-based e-conomic provides SaaS accounting services for SMEs in Europe.
2 min read · 19 August 2013
