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.
Jeffrey Kramer has joined Ares Management as a portfolio manager in the firm’s Capital Markets Group. At Ares, he will be responsible for the origination and management of investments under this asset-backed investing and lending strategy. Kramer joins Ares from Goldman Sachs’ Special Situations Group.
3 min read · 02 July 2013
Ares Management said late Monday it has completed its buy of AREA Property Partners. Financial terms weren't announced. AREA is a real estate management firm investing across North America, Europe, and India. J.P. Morgan Securities provided financial advice to Ares, while Hodes Weill & Associates acted as strategic advisor to AREA Property Partners.
3 min read · 02 July 2013
ReverTech Solutions, which is backed by Leading Ridge Capital Partners, said Tuesday it has acquired Test Technology. Financial terms weren't announced. Marlton, N.J.-based Test Technology provides electronic repair and reverse logistics solutions.
2 min read · 02 July 2013
Roark Capital is near a deal to buy Miller's Ale House from KarpReilly, sources tell peHUB.
1 min read · 02 July 2013
GTCR will probably not follow in the footsteps of Blackstone or the Carlyle Group and go public, says Phil Canfield, an MD.
1 min read · 26 June 2013
The Jordan Company is officially out marketing for its latest pool and seeking $3 billion for The Resolute Fund III LP, sources tell peHUB.
2 min read · 26 June 2013
Institutional Venture Partners on Monday defended its investment in Snapchat. IVP was lead investor of the company’s recent Series B financing round. Press reports value the round at $60 million. Dennis Phelps, an IVP general partner, said in a blog post that Snapchat's growth and engagement metrics are off the charts. "Seldom have we seen a consumer application with this type of user momentum and excitement," he wrote.
5 min read · 25 June 2013
Attendware Corp. has raised a $1 million Series A funding round from .406 Ventures. Boston-based Attendware provides event check in and auto name tag printing software.
3 min read · 25 June 2013
PeerTransfer has closed $6.4 million in new funding. Investments came from QED Investors, led by Nigel Morris, co-founder of Capital One Financial Services, and FIDES and KIBO Ventures. Existing investors also participated including Spark Capital and Maveron. Boston-based peerTransfer provides payment solutions for the education industry.
4 min read · 25 June 2013
Watchwith has completed $5 million in venture financing from Rogers Venture Partners with participation from early stage investors ARRIS (formerly Motorola Mobility), and Gracenote. San Francisco-based Watchwith is a sync-to-broadcast content management platform and syndication network.
3 min read · 25 June 2013
