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.
Peter Gant has joined Signal Hill as an MD in technology M&A in the enterprise software sector. Gant most recently was an MD and Head of Software M&A at RBC Capital Markets.
3 min read · 22 July 2013
Cerberus Capital Management said Monday it has acquired two portfolios of German real estate properties. Financial terms were not announced. First, Cerberus has agreed to buy a portfolio of nine shopping centers, which include a combined floor space of 92,000 square meters, from Wells Fargo. Cerberus has also agreed to buy ten German retail properties, with an have an aggregate floor space of 263,677 square meters, out of administration.
4 min read · 22 July 2013
Daniel Loreto has joined Venrock as an entrepreneur-in-residence in the firm's New York office. Loreto is a former engineering leader at Google and Twitter, as well as the cofounder of Julpan, a data analysis and search engine that was acquired by Twitter in 2011.
2 min read · 19 July 2013
Vantage Data Centers, which is backed by Silver Lake, has named Sureel Choksi as President and Chief Executive Officer. Choksi succeeds Jim Trout, who has transitioned into a new role as Founder and Chief Technology Officer, the company said. Choksi is a senior member of Silver Lake's Value Creation Team. Vantage Data, of Santa Clara, Calif., is a data center services provider.
3 min read · 19 July 2013
Technology Crossover Ventures has invested $66 million in TOA Technologies. Beechwood, Ohio-based TOA provides field service and mobile workforce management software solutions.
4 min read · 19 July 2013
Babson Capital Management said Friday it provided debt and equity as part of Silver Oak Services Partners buy of The Tranzonic Cos. Financial terms weren't announced. Richmond Heights, Ohio-based Tranzonic distributes maintenance, cleaning and safety products to the “away-from-home” marketplace.
3 min read · 19 July 2013
HgCapital has acquired a majority stake in IntelliFlo Limited. Financial terms weren't announced. HgCapital said the investment came from its Mercury Fund, which targets software and other technology companies across Europe. IntelliFlo, of the U.K., is s SaaS provider of front and back office software to financial advisors, advisor networks and brokers.
2 min read · 19 July 2013
Informa plc said Friday it has agreed to sell five Corporate Training businesses to Providence Equity Partners for a total consideration of up to $180 million. The initial $165 million includes $100 million in cash plus a $65 million vendor loan. Informa will get another $15 million in 2014 if the businesses achieve a certain level of revenue by 2013. Moelis & Co. advised Informa. Switzerland-based Informa is an academic publishing, business information and events group.
2 min read · 19 July 2013
Pharos Capital Group has sold its stake in Pioneer Surgical Technology for $130 million. Earlier this week, RTI Biologics, which is backed by Water Street Healthcare Partners, said it was buying Pioneer from Beringea. RTI paid $130 million for Pioneer. Marquette, Mich.-based Pioneer makes and distributes metal and synthetic implant products for the orthopedics, biologics, spine, trauma and cardiothoracic markets.
2 min read · 19 July 2013
RetailMeNot has raised $191 million by selling roughly 9.1 million shares at $21 each, the mid-point of its $20 to $22 IPO range. RetailMeNot, an online coupon company, is backed by investors including Austin Ventures, Norwest Venture Partners and Institutional Venture Partners. The company is expected to trade Friday on the Nasdaq under the ticker "SALE."
2 min read · 19 July 2013
