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.
Algae International Group has signed a $5 million reserve equity financing facility with AGS Capital Group. Addison, Texas-based Algae is a development stage renewable energy company that is seeking to develop biofuel from algae.
3 min read · 23 July 2013
C2FO has closed an $18 million growth round led by Mithril. Mithril was joined by existing investors Union Square Ventures, Summerhill Venture Partners and OpenAir Equity Partners. Fairway, Kansas-based C2FO provides a collaborative exchange for working capital.
3 min read · 23 July 2013
Johnny Rockets, which is backed by Sun Capital Partners, said Monday it appointed Gary Campanaro as Chief Financial Officer. Campanaro served in the same role for El Pollo Loco and Claim Jumper.
2 min read · 23 July 2013
Ben Golub has joined dotCloud as CEO. Golub most recently served as the president and chief executive officer at Gluster, which was acquired by Red Hat in October 2011. San Francisc-based dotCloud is a Paas company and the commercial entity behind the Docker.io project.
3 min read · 23 July 2013
Aptuit, a portfolio company of Welsh, Carson, Anderson & Stowe, said Monday that Dr. Maurizio Denaro has assumed responsibilities as General Manager of The Aptuit Center for Discovery & Development in Verona, Italy, effective July 15. Aptuit is a pharmaceutical services company.
2 min read · 23 July 2013
Intervale Capital has hired Jason Turowsky as a VP. Turowsky was previously with Falconhead Capital where he focused on evaluating, executing and monitoring investments.
2 min read · 23 July 2013
Vista Equity Partners has acquired Saxotech and Digital Technology International and combining the business operations of the two companies. Financial terms weren't announced. The new company will be called Newscycle Solutions. Tampa, Fla.-based Saxotech and DTI, of Springville, Utah, both provide enterprise software solutions for the global news media industry.
4 min read · 22 July 2013
Liberty Global Ventures and IDG Ventures USA have invested in Expect Labs. They join current investors such as Google, Intel, Samsung, and Telefónica. San Francisco-based Expect Labs is the creator of the iPad app MindMeld, which is an intelligent assistant that can understand conversations in real-time.
5 min read · 22 July 2013
Sentinel Capital Partners said Monday it has acquired the industrial explosion protection businesses of UTC Climate, Controls & Security, a unit of United Technologies Corp. Financial terms were not announced. Sentinel is combining the businesses to form IEP Technologies. Boston-based IEP provides systems and services that suppress, isolate and / or vent potential combustible dust or vapor explosions in process industries.
4 min read · 22 July 2013
Keystone Automotive Operations, which is majority owned by Platinum Equity, is paying out a dividend to shareholders.
2 min read · 22 July 2013
