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.
Dyal Capital Partners has acquired a passive minority stake in Waterfall Asset Management. The seller was M.D. Sass-Macquarie Financial Partners. Financial terms weren't announced. New York-based Waterfall is an alternative investment firm that focuses on structured credit and whole loans.
2 min read · 10 July 2013
Silicon Valley Bank has hired Michelle Draper as its chief marketing officer. Draper joins SVB from Charles Schwab, where she was most recently the Senior Vice President of Institutional Services Marketing.
2 min read · 10 July 2013
ViaCyte said Wednesday it raised $10.6 million by selling Series C-1 Preferred Stock, together with warrants to purchase stock to existing investors Johnson & Johnson Development Corp., Sanderling Ventures and Asset Management Company (Johnson Trust). Atlanta-based ViaCyte is developing a cell therapy for the treatment of diabetes.
4 min read · 10 July 2013
TorreyCove Capital Partners said Wednesday that Heidi Poon has joined the firm as a vice president. Poon was most recently at the City of San Jose Retirement Services, where she served as an Investment Officer of its Investment Group.
2 min read · 10 July 2013
The Patriot Capital Family of Funds said Tuesday that it closed its fourth SBIC fund at $250 million. Patriot Capital III SBIC LP exceeded its capital raise target by over 20%, Patriot Capital said. With offices in Baltimore, Chicago and Dallas, Patriot Capital provides capital for change of control transactions, recapitalizations, acquisitions, refinancings and growth initiatives
2 min read · 10 July 2013
The Beekman Group has invested in Ted’s Café Escondido Holdings. Financial terms weren't announced. Oklahoma City-based Ted’s Café Escondido is a full-service Mexican/Tex-Mex casual dining restaurant chain.
3 min read · 10 July 2013
Jacuzzi Brands said Tuesday that it recapitalized and reduced its debt by about $124 million. As part of the deal, Ares Management, Apollo Global Management and Clearlake Capital Group converted debt to purchase additional equity. Also, Ares converted an additional $25 million of debt into a new subordinated mezzanine loan. Jacuzzi makes and distributes bath and plumbing products.
3 min read · 10 July 2013
The Stephens Group has acquired Bay Area Internet Solutions. Financial terms weren't announced. Santa Clara, Calif.-based Bay Area is a data center provider of colocation, managed IT and high speed access services. DH Capital provided financial advice to Bay Area.
3 min read · 10 July 2013
Barrier Advisors has appointed Bobby Renkes as a Vice President. Most recently, Renkes was an M&A and Financial Associate at Energy Transfer Partners.
2 min read · 10 July 2013
Brockway Moran & Partners hasn't raised a fund since 2006 and doesn't plan to launch a new one. Peter Brockway, who co-founded the firm in 1998 and is a managing partner, doesn't think they should be called a "zombie."
2 min read · 09 July 2013
