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.
Grosvenor Capital Management has agreed to buy Credit Suisse Group's customized fund investment group. Financial terms were not announced. CFIG provides customized private equity solutions globally with approximately $18 billion of assets under management and 11 offices around the world. Goldman Sachs advised Grosvenor, while Credit Suisse's Investment Bank was the financial advisor to Credit Suisse's Private Banking & Wealth Management division. Evercore served as exclusive financial advisor to the CFIG management team.
4 min read · 02 August 2013
Vector Capital has sold Teletrac Inc. to Danaher Corp. Financial terms weren't announced. Garden Grove, Calif.-based Teletrac provides cloud-based software as a service (“SaaS”) platform to fleet operators.
2 min read · 02 August 2013
Horizon Technology Finance Corp. led a $6 million venture loan facility for Ekahau Inc. Horizon said it funded an initial $1.5 million of its $3 million commitment under the venture loan facility. Reston, Va.-based Ekahau provides Wi-Fi-based Real-Time Location Systems.
3 min read · 02 August 2013
To start your Friday, we have news that Apple bought Passif Semiconductor, Michael Dell and Silver Lake are near an agreement on a sweetened bid, and Pinterest now tries to save you money.
1 min read · 02 August 2013
Thoma Bravo said Thursday it completed its buy of Intuit Financial Services, a division of Intuit Inc. Now called Digital Insight, the Menlo Park, Calif.-based company provides digital banking platform for 11 million users.
3 min read · 02 August 2013
Intelligent Global Pooling Systems has closed the sale of the company to iGPS Logistics. Financial terms weren't announced. IGPS is a joint venture formed by Balmoral Funds, One Equity Partners, certain of their affiliates, and Jeff and Robert Liebesman. Orlando, Fla.-based Intelligent Global operates a pallet rental service.
3 min read · 01 August 2013
HGGC said Thursday it completed the sale of hybris Software to SAP. with the exit, HGGC said that it has returned all of the committed capital from its $1.1 billion debut fund.
3 min read · 01 August 2013
Bain Capital has recapped Blackhawk Specialty Tools. Financial terms weren't announced. Company management also invested. Houston-based Blackhawk Specialty provider specialty equipment and services to the oil and gas industry.
2 min read · 01 August 2013
Sentinel Capital Partners has closed its fifth fund at $1.3 billion. Fund V's investors include institutions in the United States, Europe, Japan, China, and Australia, and also include college and university endowments, foundations, state and government retirement systems, corporate pension plans, diversified financial institutions, insurance companies, investment advisors, and Taft Hartley plans. Sentinel's prior fund collected $765 million in 2009.
3 min read · 01 August 2013
C. Kevin Landry, the former CEO and Chairman of TA Associates, passes away due to complications from lung cancer.
2 min read · 01 August 2013
