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.
Warburg Pincus looks like it will nearly triple its investment once it sells Bausch & Lomb to Valeant Pharmaceuticals.
2 min read · 28 May 2013
Social Venture Partners Chicago said Tuesday that One Million Degrees will receive $75,000 over the next three years. Formerly the Illinois Education Foundation, One Million Degrees helps low-income community college students graduate, apply to four-year universities and find jobs.
3 min read · 28 May 2013
Appurify said Tuesday that it secured $4.5 million in Series A funding led by Google Ventures. Foundation Capital, Felicis Ventures, Webb Investment Network, Jay Jamison and Raymond Tonsing also took part in the $4.5 million round, a spokeswoman said. Appurify said it has collected $6.25 million in total funding, including their seed round. San Francisco-based Appurify provides a testing platform for mobile apps.
4 min read · 28 May 2013
RF Biocidics, which is backed by Allied Minds, said Tuesday that Charley Phillips has joined as Vice President of Sales. Phillips joins RF Biocidics from Atlas World Food and Agriculture, where he served as chief marketing officer and VP, Sales for four years. RF Biocidics provides a chemical-free alternative for disinfection and disinfestation of food and other commodities.
3 min read · 28 May 2013
Quill has received a £1 million (US$1.5 million) investment from Ariadne Capital's Fund and leading entrepreneur investors, including Shakil Khan (Spotify, Summly, buy.at), Rupert Ashe (Graze, Videojug), Karen Hanton (toptable.com), Andrew Burge (King Content, iSUBSCRiBE), Nick Beare (BBC Worldwide, LGI), Peter Read (Techlightenment, Songkick) and Andrew Grahame (Mr & Mrs Smith). London-based Quill specializes in writing for the web, on any topic, and in any language.
3 min read · 28 May 2013
StickyADS.tv said Tuesday it closed a €3.1 million (US$4.1M) B round led by Ventech, which joins ISAI. Paris-based StickyADS.tv is a video ad network and ad exchange.
2 min read · 28 May 2013
Ugichem GmbH said Tuesday it raised €2.25 million (US$2.6 million) from public and private investors. Austria’s Research Promotion Agency FFG awarded ugichem a grant of €850,000. The company also received equity financing of €1.4 million from existing investors. Ugichem, of Innsbruck, Australia, develops antisense drugs.
2 min read · 28 May 2013
To start off your day, we have news Warburg to triple its money on Bausch + Lomb sale, Amazon.com workers in Germany strike, and why are Vine videos only six seconds long.
1 min read · 28 May 2013
Club Mediterranee's top shareholders--which include Fosun International and AXA Private Equity-- plan to take over the French holiday firm in a bid that values it at around 541 million euros ($700 million), to accelerate its shift to fast-growing emerging markets, Reuters reports.
3 min read · 28 May 2013
Energy Capital Partners has closed its buy of EnergySolutions. Salt Lake City-basd EnergySolutions, which provides nuclear commercial services, announced in January that it would merge with an Energy Capital subsidiary a deal valued at $1.1 billion or $3.75 a share. Energy Capital raised that offer to $4.15 a share in April.
3 min read · 24 May 2013
