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.
Mizuho Securities USA, the investment banking unit of Mizuho Financial Group, has expanded its U.S. equity sales team with the hires of Mark Orsi and Wes Dalton in San Francisco, plus Robert Leggat in Boston. Orsi, formerly of Lazard Capital Markets, joins as an executive director, while Dalton, who comes from Macquarie Securities, will be a director. Leggat will also be an executive director.
3 min read · 30 May 2013
BloomReach announced Thursday the acqui-hire of ShopLogic's cofounders. CEO Kevin Chan and CTO Dennis Maskevich are joining BloomReach. ShopLogic is a promotions management platform company.
3 min read · 30 May 2013
Mercator MedSystems closed a $6.5 million Series B financing co-led by New York-based Volcano Capital and two San Francisco-based firms, Crocker Capital and Aphelion Capital. Washington D.C.-based Windy City Inc. and SET Technology Gmbh, a German-based investment fund, are also participating in the financing.
3 min read · 30 May 2013
Visier said Thursday that it has raised $15 million in Series B financing led by Summit Partners. Existing investor Foundation Capital also participated. Visier, with headquarters in Vancouver, B.C. and San Francisco, Calif., provides workforce analytics through the cloud to HR professionals.
4 min read · 30 May 2013
Summit Partners has invested in RuffaloCODY. Financial terms weren't announced. Cedar Rapids, Iowa-based RuffaloCody provides technology-enabled fundraising and enrollment management services for higher education and nonprofit organizations. Lazard Middle Market provided financial advice to RuffaloCODY.
3 min read · 30 May 2013
In First Read, we wonder how Pinterest makes money, Nasdaq pays a $10 mln fine over Facebook messup and Twitter invests heavily in TV.
1 min read · 30 May 2013
Doug Cahill has joined CCMP Capital Advisors as an executive advisor. He will focus on investment opportunities in the consumer/retail and industrial sectors. Cahill is the former President and Chief Executive Officer of Oreck, the Nashville-based maker of upright vacuums and cleaning products.
3 min read · 30 May 2013
Encore Capital Group said Thursday that it has agreed to buy 50.1% of the equity stake held by J.C. Flowers & Co. in Cabot Credit Management. Encore says its paying for £128 million (approximately $192 million). The sale comes two weeks after Flowers acquired Cabot, which is a U.K.-based acquirer and manager of consumer debt.
5 min read · 30 May 2013
KKR said Thursday it appointed David Petraeus, the former CIA director, to chairman of its newly created KKR Global Institute. The retired four-star General will work with a team at KKR and in tandem with Ken Mehlman, global head of public affairs at the global buyout shop, and Henry McVey, global head of macro & asset allocation.
6 min read · 30 May 2013
Unisyn Medical Technologies said Wednesday that its diagnostic imaging field service business will operate under the new name Consensys Imaging Service. Consensys will be headquartered in Cary, Ill. Jim Spearman, formerly Unisyn’s VP of Service Operations, was elected to lead Consensys as president. Jeff Soinski, Unisyn’s CEO, will transition from his management position and continue to serve as a member of the board. Consensys and Unisyn are both portfolio companies of Galen Partners.
3 min read · 29 May 2013
