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.
Madison Capital Funding said Tuesday that Jeffrey Scott has joined the firm as head of West Coast Origination. Scott joins Madison Capital from Cerberus Capital where he was a Managing Director and Head of the Chicago office.
2 min read · 09 July 2013
The Center for Innovative Technology said Tuesday that its CIT GAP Funds have invested in LendPro. Financial terms weren't announced. Charlottesville, Va.-based LendPro provides a SaaS platform that helps improve customers’ credit application outcomes.
3 min read · 09 July 2013
NexGen RxMarketing is merging with Meta Pharmaceutical Services, a portfolio company of DFW Capital Partners. Financial terms weren't announced. Bensalem, Pa.-based NexGen is a digital communications provider for the healthcare industry. Meta Pharma, of Blue Bell, Pa., provides outsourced data analysis, analytical tools and non-personal promotional services to the pharmaceutical industry. AdMedia Partners served as financial advisor to NexGen.
3 min read · 09 July 2013
Marlin Management Co. said Monday that it closed its fourth fund at $1.6 billion. Marlin said Fund IV's target was $1 billion and the pool needed just over four months to close at its hard-cap. Investors of Marlin Equity IV LP include sovereign wealth funds, public and private pension funds, endowments and foundations, insurance companies, fund of funds and family offices. Credit Suisse was placement agent for Fund IV while Kirkland & Ellis was legal counsel.
3 min read · 09 July 2013
Welsh, Carson, Anderson & Stowe has agreed to buy Service Repair Solutions from Warburg Pincus. Financial terms were not announced. Las Vegas-based SRS provides data, information services and workflow solutions to the automotive service and repair industry.
3 min read · 08 July 2013
Brockway Moran & Partners, a middle market firm founded in 1998, is not raising a new fund, peHUB has learned. But does this mean the firm is a zombie? Not so fast.
4 min read · 08 July 2013
Square 1 Bank has provided a $6 million credit facility to Foundation Radiology Group. Pittsburgh-based Foundation, a provider of diagnostic imaging services for community hospitals.
2 min read · 08 July 2013
Mobileye N.V. said late Sunday it sold a $400 million equity stake to five "unaffiliated and highly regarded financial investors." Mobileye didn't disclose the buyers but Dealbook says they include BlackRock, Fidelity Investments, Wellington Management Co., Enterprise Rent-A-Car and Chinese Investment firm, Sailing Capital. The deal, which values Mobileye at $1.5 billion, is expected to close in August. Mobileye, of Amsterdam, develops advanced driver assistance systems.
2 min read · 08 July 2013
Envision Pharmaceutical Holdings said Monday it has agreed to be sold to TPG. Company management and other Envision senior executives will take a significant minority stake in the company. Financial terms weren't announced. Envision is a pharmaceutical benefits manager. J.P. Morgan served as financial advisor to Envision while Bank of America Merrill Lynch and Credit Suisse were financial advisors to TPG. J.P. Morgan, Bank of America Merrill Lynch and Credit Suisse are providing financing to TPG.
4 min read · 08 July 2013
Dell's special committee said Monday that Institutional Shareholder Services has recommended that Dell shareholders vote for the proposed sale of the company to Michael Dell and Silver Lake Partners for $24.4 billion. ISS, according to Dell's special committee, said it recommended the sale which "offers a 25.5% premium to the unaffected share price, provides certainty of value, and transfers the risk of the deteriorating PC business and the company's on-going business transformation to the buyout group."
5 min read · 08 July 2013
