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.
360pi said Monday it secured $4.1 million in financing from Silverton Partners and other investors. 360pi, of Ottawa, Canada, is a provider of retail price intelligence.
3 min read · 19 August 2013
CarProof said Monday it sold a minority stake to Hellman & Friedman. Financial terms weren't announced. Carproof, of London, Ontario, provides comprehensive used vehicle history. Jefferies provided financial advice to CarProof.
3 min read · 19 August 2013
Today we have news that the next version of the iPhone could come in gold, Ares is interested in Neiman Marcus and Beats by Dr. Dre is looking to buy out HTC.
1 min read · 19 August 2013
Siris Capital Group said Monday that Elias Mendoza has joined the firm as an MD of investment development and strategy. Most recently, Mendoza was a Partner at Union Square Advisors, where he served as its COO and a senior banker across the firm's technology and telecommunication verticals.
2 min read · 19 August 2013
ShopAdvisor said Friday that it closed a $5 million financing round led by Pittco Capital Partners. Additional investors include Seavest Capital, Rationalwave Capital Partners, and Boston-based investors Rob Soni and Bob Davoli. Boston, Mass., ShopAdvisor provides an app that attempts to bridge the gap between publishers, their advertisers and retail partners.
3 min read · 19 August 2013
Encore Consumer Capital has sold Juice Tyme to Highlander Partners. Financial terms weren't announced. Chicago-based Juice Tyme provides shelf-stable, bag-in-box concentrates including juice beverages, fortified juices, enhanced waters, sports drinks, energy drinks, teas and cocktail mixers. Piper Jaffray & Co. acted as financial advisor for Juice Tyme.
3 min read · 19 August 2013
The Carlyle Group has acquired Alloheim from Star Capital. Financial terms weren't announced. Alloheim, of Germany, operates 49 nursing homes with more than 6,000 beds and provides services such as nursing care, assisted living, ambulatory care and specialised nursing services. Capital for the investment comes from Carlyle Europe Partners III, a 5.3 billion Euro fund that makes mid- and large-cap investments. BNP Paribas advised Carlyle.
2 min read · 16 August 2013
Restorando said Friday it closed $13.3 million in Series B funding led by new investor Flybridge Capital Partners. Existing investors Emergence Capital Partners, Kaszek Ventures, Atomico and Storm Ventures also participated. The Endeavor Catalyst Fund also took part in the round. Buenos Aires-based Restorando provides online restaurant reservations in Latin America. Restorando has raised a total of $17 million, which includes $3.7 million from a prior round.
5 min read · 16 August 2013
Aurora Capital Group has agreed to acquire National Technical Systems and is paying roughly $266.8 million, or $23 a share. The $23 offer price reflects a 38.7% premium to NTS' closing share price on Aug. 15 of $16.58. Calabasas, Calif.-based NTS provides engineering services to the aerospace, defense, telecommunications, automotive and high technology markets. Houlihan Lokey advised Aurora Capital NTS.
6 min read · 16 August 2013
Nordstjernan said Friday that it has agreed to sell KMT Group to American Industrial Partners. The sale is valued at $147.5 million which Nordstjernan says represents a 6.4x multiple of adjusted 2012 EBITDA. Baxter Springs, Kansas-based KMT makes and designs ultrahigh-pressure pump technology.
2 min read · 16 August 2013
