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 start your Tuesday, Will Ackman resigns from J.C. Penney's board, MSFT's Windows 8.1 will be available in October and Fidel Castro turns 87 today.
1 min read · 13 August 2013
Woofound said Monday it has closed a funding round of more than $2 million. Investors include: The Propel Baltimore Fund, managed by Maryland Technology Development Corporation (TEDCO), in collaboration with The Abell Foundation and the France-Merrick Foundation; Heritage Capital; Frank Bonsal, Jr, Co-founder of New Enterprise Associates; Vince Talbert, Co-founder of Bill Me Later; and Charles "Chip" Morris, an Integral Capital Partners' MD. Baltimore-based Woofound, which has developed a personality platform that provides personalized recommendations, has raised more than $4.2 million.
3 min read · 12 August 2013
Parthenon Capital Partners has acquired eSecLending. Financial terms weren't announced. Boston-based eSecLending is a securities lending agent. Financial Technology Partners and FTP Securities provided financial advice to Parthenon.
4 min read · 12 August 2013
Alok Misra has joined General Atlantic as a senior vice president. He will provide financial expertise and strategic counsel to GA’s investment teams and its portfolio companies as part of the firm’s Resources Group in GA’s Mumbai, India office. Misra was most recently Group Chief Financial Officer with WNS Group.
3 min read · 12 August 2013
Industrial Growth Partners has sold Controls Southeast to Ametek. The transaction closed Aug. 2. Financial terms weren't announced. Pineville, N.C.-based CSI provides thermal maintenance products and solutions for industrial processes.
2 min read · 12 August 2013
Marlin Equity Partners said Monday it acquired 6N Systems. Financial terms weren't announced. Clifton Park, N.J.-based 6N provides financial and clinical software solutions for the long-term and post-acute care market. 6N has been merged with SigmaCare, a Marlin portfolio company.
2 min read · 12 August 2013
Prospect Capital Corp. has provided an $80 million loan for the recap of Matrixx Initiatives, which owns Zicam. H.I.G. Capital owns a controlling share of Matrixx. Bridewater, N.J.-based Zicam which develops and markets over-the-counter cold remedy products under the Zicam brand.
3 min read · 12 August 2013
InsideView said Monday it secured $19 million in financing led by Split Rock Partners. Existing investors Emergence Capital, Foundation Capital, and Rembrandt Venture Partners also participated. San Francisco-based InsideView provides CRM Intelligence for marketing, sales and account management.
5 min read · 12 August 2013
To start your week, there's news that Apple is expected to unveil the next iPhone in September, Neiman Marcus gets interest from CVC and KKR, and Greek students figure out how to grow spinach on Mars.
1 min read · 12 August 2013
TZP Group said Friday that its most recent fund closed at $370 million. TZP Capital Partners II LP completed its fundraise in just nine months and was oversubscribed from its initial $300 million target. TZP II will focus on control investments in business and consumer services companies with enterprise values between $50 million and $250 million. Robert Blaustein of Kirkland & Ellis was legal counsel. TZP did not use a placement agent.
3 min read · 09 August 2013
