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.
Pearson has put Mergermarket up for sale, in a deal that will likely attract both private equity and strategics.
2 min read · 26 July 2013
KKR on Friday said that second quarter economic net income dropped to $144.4 million for the time period ended June 30, from $546.1 million for the same time period in 2012. GAAP net income fell to $15.1 million for the quarter, off from $146.3 million in 2012.
7 min read · 26 July 2013
KKR has appointed Martin Moore as a Senior Advisor to the firm. Moore will advise KKR on real estate investments in the UK and Europe. Moore retired as Chairman of M&G Real Estate, which was previously Prudential Property Investment Managers , at the end of June.
3 min read · 26 July 2013
Tyco International has acquired Exacq Technologies, a portfolio company of CID Capital Venture Partners. Financial terms weren't announced. Fishers, Ind.-based designs and makes video surveillance technologies.
2 min read · 26 July 2013
Catbird has secured a $10 million investment from Medina Capital. Scotts Valley, Calif.-based Catbird provides security and compliance for virtualized and private cloud data centers. Medina's total investment in Catbird comes to $12 million, the company said.
3 min read · 26 July 2013
To start your Friday, we have news that Google privately demonstrated a set-top box, Zynga to abandon real-gaming efforts in the U.S. and what does it cost to be Wolverine in real life.
1 min read · 26 July 2013
XL Group and Stone Point Capital have formed a new Bermuda-based company to act as an investment manager in insurance-linked securities and other reinsurance capital markets products. XL has a 75% stake while Stone Point has 25%. XL and Stone Point plan to invest up to $135 million in funds to be formed, alongside potential third party investors. The company's name was not disclosed. Todd Freed and Andrew Alin of Skadden advised Stone Point.
3 min read · 25 July 2013
Librato has closed a $3.8 million Series A round of funding led by Baseline Ventures, Harrison Metal and Cowboy Ventures. San Francisco-based Librato provides a cloud-based monitoring platform for development and operations teams.
3 min read · 25 July 2013
Generac Holdings has agreed to buy the equity of Tower Light Srl and its wholly-owned subsidiaries. Financial terms weren't announced. Ambienta SGR, a European private equity fund focused on the growth environmental sector, was the seller. Milan-based Tower of Light develops and supplies mobile light towers throughout Europe, the Middle East and Africa.
5 min read · 25 July 2013
Brookstone Partners has recapitalized Denison Pharmaceuticals. Financial terms were not announced. Management also invested. Bank Rhode Island and Midwest Mezzanine Funds provided financing. Providence, R.I.-based Denison provides contract manufacturing and packaging solutions to the branded over-the-counter pharmaceuticals industry.
2 min read · 25 July 2013
