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.
The dividend train continues and this time it’s ConvaTec, which is backed by Nordic Capital and Avista Capital Partners, paying out a large distribution.
2 min read · 09 August 2013
Danone said Friday that it has acquired YoCrunch. Financial terms weren't announced. The seller is Catterton Partners, which put YoCrunch up for sale in late 2011. Naugatuck, Conn.-YoCrunch is known for creating the “dual cup.” One part of the cup contains yogurt in various flavors, while the other segment is filled with crunchy topping like granola or Reese’s pieces. Jay Novak and Matt Kaczmarek of Houlihan Lokey advised Catterton.
2 min read · 09 August 2013
Skimlinks has bought InvisibleHand. Financial terms weren't announced. Forward Internet Group owned a majority of Invisible Hand and will have a minority in Skimlinks. InvisibleHand provides e-commerce product matching and pricing intelligence.
3 min read · 09 August 2013
Clearlake Capital Group has completed its buy of Bluefly. Financial terms weren't announced. New York-based Bluefly is an online retailer. Neel Grover, former CEO and President of Buy.com and a Clearlake operating advisor, was named Bluefly's CEO and co-Chairman. Greg Giraudi, also a Clearlake operating adviser and former COO and General Counsel of Buy.com, was tapped to be Bluefly's president and director.
3 min read · 09 August 2013
To start your Friday, there's news that Blackberry is open to going private, Ed Snowden's email provider shuts down and J.C. Penney searches for a new CEO again.
1 min read · 09 August 2013
BuildersCloud said it has raised more than $1 million in a seed round led by Dave McClure, of 500 Startups, and Rudy Gadre, former senior executive at Facebook and Amazon. Other prominent investors include Denny Hill Capital, TEC Ventures, TA Venture, Linden Rhoads, Sujal Patel, and construction company McKinstry. BuildersCloud, of Bellevue, Wash., provides file-sharing and mobile collaboration for construction professionals. It was founded in June.
4 min read · 08 August 2013
Dean Asofsky has joined Berenson & Co. as an MD. He will focus on expanding Berenson's relationships in technology, media, telecom and entertainment. Asofsky was most recently at GCA Savvian, where he was an MD in technology and media sectors.
3 min read · 08 August 2013
BB&T Capital Markets said Thursday it hired three executives for its education finance team. They are: Rich Harmon, Paula Permenter and Michael Braun. Harmon, who is based in Charlotte, N.C., will head the education finance team.
3 min read · 08 August 2013
TPG Capital isn't the only buyout shop seeking an extension for the investment period of its fund. Thomas H. Lee, Irving Place Capital and Bridgepoint also asked for more time.
2 min read · 08 August 2013
The Center for Innovative Technology said Thursday that its CIT GAP Funds has invested in WealthForge Holdings. Financial terms weren't disclosed. Richmond, Va.-based Wealthforge a social networking site that helps early-stage companies raise capital.
3 min read · 08 August 2013
