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.
Apax Partners said Friday that its most recent global fund closed at $7.5 billion. Apax VIII's investors include public and private pension funds, sovereign wealth funds, insurance companies and high net worth individuals. Apax said it spent 15 months fundraising from the pool's first close in March 2012.
2 min read · 21 June 2013
Aviir said Friday that it has secured a third $10 million tranche from a group that includes new investor Partners & Partners. Merck Global Health Innovation Fund led the round while current investors Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners also participated. Total financing for Aviir, a biotechnology company focused on the prevention of cardiovascular disease, comes to $30 million. Inverness Advisors, a division of KEMA Partners LLC, acted as exclusive placement agent.
4 min read · 21 June 2013
Entelos said it has received additional financing from its current investors Clearlake Capital Partners and Michaelson Capital Partners. San Mateo, Calif.-based Entelos is a silico modeling and simulation software and services company.
2 min read · 21 June 2013
Chip Scovic, former head of Google's media platforms business for advertisers and independent agencies, has joined TubeMobule TubeMogul as chief revenue officer. Eric Deeds also joined as the company's new general counsel, while Daniel Schotland was named VP of operations and customer success. And, Paul Joachim was promoted to TubeMogul's chief operating officer and chief financial officer. Emeryville, Calif.-based TubeMogul, an online video marketing company, has received funding from SingTel Innov8, Cross Creek Capital, Digital Advertising Consortium, Foundation Capital and Trinity Ventures.
3 min read · 21 June 2013
Accel‐KKR said Friday it has made a growth equity investment in Zinc Ahead. Financial terms weren't announced. U.K.-based Zinc Ahead provides marketing compliance solutions designed for the life sciences industry.
3 min read · 21 June 2013
Ithmar Capital said Friday that its portfolio company, Al Noor Hospitals Group, went public on the London Stock Exchange. Abu Dhabi-based Al Noor, a private healthcare service provider, priced its stock at £5.75 per share with a market capitalisation of $1,039 million. After the greenshoe is exercised, Ithmar says it will have a a 25% stake in Al Noor.
3 min read · 21 June 2013
This morning, we have news about Instagram's big change, Oracle weak Q4 results and the Fed Reserve Chairman Ben Bernanke's bid decision.
1 min read · 21 June 2013
Capstone Advisory Group said Thursday that it promoted William Epstein to Co-Head of the Valuation Services group. He will co-lead this group with Bruce Bingham.
2 min read · 20 June 2013
The Carlyle Group has agreed to buy Marelli Motori from Melrose Industries. Financial terms were not announced. MLAs Unicredit and Societe Generale are providing financing. Marelli, of Arzignano (Vicenza), Italy, makes generators and electric motors. Unicredit and Intesa acted as M&A advisors for Carlyle while Nomura International advised Marelli.
2 min read · 20 June 2013
Highbridge Principal Strategies announced the final closing of HPS Specialty Loan Fund III which collected over $3 billion. The fund will invest primarily in newly issued, secured debt in refinancings, acquisitions and restructurings by middle-market companies.
2 min read · 20 June 2013
