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.
GE Healthcare, the healthcare division of General Electric, said Wednesday it has acquired Unisyn Medical Technologies’ Transactional Business. Financial terms weren't announced. Unisyn is a portfolio company of Galen Partners. The Unisyn division, based in Golden, Colo., provides ultrasound probe repair solutions to biomedical and clinical engineers.
3 min read · 29 May 2013
SOLOMO Technology said Wednesday it completed a Series A first close worth $1.7 million. The round was co-led by Venture Management, and Don Layden, and included participation by Wisconsin Investment Partners. SOLOMO said the equity investment leveraged additional funding from the Wisconsin Economic Development Corp.
3 min read · 29 May 2013
Don't expect private equity to be interested in Newsweek, which is reportedly up for sale again, banking and PE sources say.
2 min read · 29 May 2013
A consortium led by U.S. buyouts fund Warburg Pincus said on Wednesday it has agreed to buy around 20 percent of the retail unit of Vietnam's Vingroup Joint Stock Co for $200 million, Reuters reports.
2 min read · 29 May 2013
TuneIn said Wednesday raised a $25 million round of funding led by Institutional Venture Partners. Existing investors Sequoia Capital, Google Ventures and General Catalyst Partners also participated. Palo Alto, Calif.-based TuneIn is an Internet radio service.
4 min read · 29 May 2013
Ophthotech Corp. has raised $175 million in financing. This includes $125 million from Novo A/S, in exchange for royalties on Fovista sales. The remaining $50 million is in the form of a Series C preferred stock financing from Novo A/S and current venture investors in Ophthotech. New York-based Ophthotech is a biopharmaceutical company.
6 min read · 29 May 2013
Primerica has agreed to buy back about $154.7 million in stock and warrants from Warburg Pincus. Follow the sale, Warburg Pincus will no longer own Primerica stock. Duluth, Ga.-based Primerica distributes financial products to middle income households in North America.
4 min read · 29 May 2013
Fosun International has acquired Alma Lasers. Financial terms weren't announced. TA Associates was the seller. Alma makes and provides laser, light-based, radio-frequency and ultrasound devices for aesthetic and medical applications. Harris Williams provided financial advice to Alma.
3 min read · 29 May 2013
To start your morning, Cisco unbelievably is still trying to block MSFT's Skype buy from 2011, PE firms are concerned that Bloomberg journalists may have snooped sensitive info and North Korea considers a basketball tournament.
1 min read · 29 May 2013
Balance Point Capital Partners said Tuesday it provided $11.1 million in total financing to support Connoisseur Media's buy of certain assets of Cox Radio and Nassau Broadcasting. Balance Point said it provided $5.7 million in Mezzanine Notes and $5.4 million in common equity. Westport, Conn.-based Connoisseur owns and operates commercial radio stations throughout the United States.
2 min read · 28 May 2013
