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.
Athyrium Opportunities Fund LP, a private credit fund which invests in healthcare sector, has closed at $507 million. The Fund, which was oversubscribed, is jointly managed by Neuberger Berman and Athyrium Capital Management. Athyrium Opportunities seeks to make $25–$75 million financings in small- to medium-sized healthcare companies in the U.S., Europe and Asia.
3 min read · 20 May 2013
Yahoo! has agreed to buy Tumblr for about $1.1 billion cash. Tumblr will operate as a separate business and David Karp will remain CEO. The transaction is expected to close in the second half. New York City-based Tumblr is a micro blogging service.
4 min read · 20 May 2013
Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion, Reuters is reporting.
3 min read · 20 May 2013
Shares of Tableau Software soared nearly 64% Friday, promising a massive return for venture backers New Enterprise Associates and Meritech Capital Partners.
2 min read · 17 May 2013
Jelly Industries, a startup from Twitter co-founder Biz Stone, has closed a Series A round led by Spark Capital. SV Angel also invested, according to an announcement on Jelly's site. Other investors in the company include Jack Dorsey, Square's co-founder and CEO; Bono; Reid Hoffman of Greylock Discovery Fund and Al Gore. Stone is co-founder and CEO of Jelly, which is based in San Francisco.
2 min read · 17 May 2013
Great Hills Partner said Friday that Charlie Papazian, a Vice President on its investment team, passed away due to complications from an injury. Papazian joined Great Hill in 2001 and returned to the firm after graduating from Harvard Business School in 2008. "He was an incredibly smart, diligent and humble professional, but most importantly, he was a wonderful person with a big heart and a great sense of humor," Great Hill said of Papazian.
2 min read · 17 May 2013
Tableau Software has raised $254.2 million after selling 8.2 million shares at $31 each, above its $28 to $30 range, via join bookruners Goldman Sachs and Morgan Stanley. Tableau itself is selling 5 million shares while certain stockholders are unloading 3.2 million. New Enterprise Associates and Meritech Capital own stakes in Seattle-based.
2 min read · 17 May 2013
Pebble has received $15 million in Series A funding from Charles River Ventures. Palo Alto, Calif.-based Pebble makes an e-paper smart watch that connects to iPhone and Android smartphones.
3 min read · 17 May 2013
Budco said Friday that it acquired South Shore Venture Enterprises. Financial terms weren't announced. Treasure Island, Fla.-based South Shore provides direct marketing to senior citizens and represents 38 Medicare Advantage and Medicare Supplement plans. Budco is backed by Glencoe Capital.
3 min read · 17 May 2013
Scarosso raised a Series A funding round led by DN Capital. Scarosso said other investors include IBB Venture Capital Co. managed ‘Kreativwirtschaft Berlin’, Perikles Ventures and other local angel investors. Scarosso has previously attracted angel funding from Berlin Ventures, Martin Sinner and Michael Brehm. Berlin-based Scarosso is an online luxury shoe brand.
4 min read · 17 May 2013
