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.
Pine Brook Partners, which is out fundraising for its second pool, has already collected more than half of the fund's $2 billion target, sources tell peHUB.
1 min read · 03 July 2013
The Carlyle Group said Wednesday it is buying Chesapeake from Irving Place Capital and Oaktree Capital Management. Financial terms weren't announced. Chesapeake, of the U.K., produces paper-based leaflets, labels and cartons, primarily for the pharmaceutical, confectionery and premium drinks markets.
3 min read · 03 July 2013
Engrade said Wednesday it secured $5 million in a Series B funding round led by Javelin Venture Partners. Other participants include Rethink Education, Samsung Venture Investment Corporation, Kapor Capital, Expansion Capital and Ed-Mentor. Engrade, of Santa Monica, provides a cloud-based platform for teacher, school leaders and administrators.
3 min read · 03 July 2013
CounterPoint Capital Partners said Wednesday that it acquired The Bradshaw Group. Financial terms weren't announced. Bradshaw, of Richardson, Texas, distributes desktop laser and production printer parts and supplies.
2 min read · 03 July 2013
Albion Ventures is selling Opta to Perform Group for £40 million. London-based Opta provides sports data and analysis. Albion says it has invested approximately £2.1 million over three rounds of funding. As a results of the sale, Albion will have generated a return of over three times their investment.
2 min read · 03 July 2013
TriNet, which is backed by General Atlantic, has closed its buy of Ambrose Employer Group. Financial terms weren't announced. New York-based Ambrose provides HR services to emerging financial and professional services organizations, with a primary concentration on hedge funds and private equity firms.
4 min read · 02 July 2013
Vestis Retail Group, which is backed by Versa Capital Management, said Tuesday it appointed James Petty to the position of CEO, effective July 8th. Mark Walsh, a Versa Managing Director who has served as Vestis' CEO, will remain as chairman. Versa Capital formed Vestis, which encompasses Bob's Stores and Eastern Mountain Sports.
3 min read · 02 July 2013
Avista Capital Partners said Tuesday it is buying Zest Anchors from The Jordan Company. Financial terms weren't announced. Escondido, Calif.-based Zest makes and distributes dental solutions for the treatment of edentulous patients. Barclays and Sagent Advisors acted as financial advisors to Zest. Deutsche Bank provided financial advice and acquisition financing to Avista.
3 min read · 02 July 2013
Maytech Communications said Tuesday it secured investment from MXC Capital. Terms of the deal call for MXC to provide an equity investment representing up to 25 per cent of Maytech as well as a working capital facility from its debt fund. U.K.-based Maytech provides FTP hosted services for business.
3 min read · 02 July 2013
Atlantic, Gulf and Pacific has closed a Series C equity financing round raising $53 million. A. Soriano Corp. was lead investor while Private investors and Pacific Synergies IV L.P. also participated. AG&P, of the Philippines, is an industrial process outsourcing company that provides engineering, fabrication, modularization, installation, operation and maintenance to the oil & gas, mining, power and civil infrastructure sectors.
3 min read · 02 July 2013
