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.
Sithe Global Power said Tuesday that Chairman and CEO Bruce J. Wrobel is retiring. Martin B. Rosenberg, Sithe Global's co-founder and president, will succeed Wrobel as CEO. Brian H. Kubeck, Chief Commercial Officer and a senior developer at the company, will serve as President. New York-based Sithe Global, a power development company, is backed by Blackstone.
4 min read · 30 July 2013
Triago, in its quarterly report, says 2013 is shaping up to be the best for PE exits and fundraising since the crisis.
2 min read · 30 July 2013
Amplience said Tuesday it received £3.7 million (US$5.7 mln) of investment led by Octopus Investments. Existing stakeholders and investors also participated, as well as new investor Northstar Ventures. London-based Amplience is an eCommerce technology company.
2 min read · 30 July 2013
Scaleogy said Tuesday that it raised its first round of venture capital from two new investors. London-based Scaleogy, a luxury and lifestyle magazine backed by Regal Venture Capital, did not disclose the name of the new investors or how much they raised.
2 min read · 30 July 2013
YouBeauty has closed an $8.6 million Series A-1 funding round led by existing lead investor Contour Venture Partners and new investor MainLine Special Opportunities Fund. New York-based YouBeauty is a women's digital media brand that includes YouBeauty.com and eCommerce site Beautysage.com.
2 min read · 30 July 2013
Penda Corp., a portfolio company of Resilience Capital Partners and Littlejohn & Co., has acquired The Fabri‐Form Co. Financial terms weren't announced. New Concord, Ohio-based Fabri-Form is a heavy gauge thermoformer of engineered components and industrial packaging solutions. KeyBanc Capital Markets, GE Antares and The Private Bank provided senior financing. Garrison Capital Inc. provided subordinated debt financing. P&M Corporate Finance acted as financial advisor to Fabri-Form.
3 min read · 30 July 2013
Olapic has closed a a $5 million Series A round of funding led by Fung Capital USA and Longworth Venture Partners. Great Oaks and Scout Ventures, existing investors, also participated. New York-based Olapic provides a platform to collect and curate crowd sourced photos and videos.
4 min read · 30 July 2013
David Wright has joined the Parthenon Group as a senior advisor for Australia and New Zealand. Wright is the former Vice-President of Macquarie University.
2 min read · 30 July 2013
Grand Cru has raised €8.5 million (US$11.3 mln) in Series A funding. New investors Qualcomm Ventures and Nokia Growth Partners join the lead investor Idinvest Partners. Grand Cru is a game developer based in Helsinki. Grand Cru said the total amount raised comes to €12.5 MM (more than $16.6 mln).
4 min read · 30 July 2013
CC Media Holdings said Tuesday that Richard Bressler will become President and Chief Financial Officer of CC Media Holdings and Clear Channel Communications. Bressler will also become CFO of Clear Channel Outdoor Holdings, reporting to Chairman and CEO Robert Pittman, effective immediately. Bressler has served as CFO of Time Warner and Viacom and Managing Director at Thomas H. Lee Partners. CC Media Holdings, the parent company of Clear Channel Communications which is a portfolio company of Thomas H. Lee Partners.
5 min read · 30 July 2013
