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.
VMware Inc, which is majority owned by Dell, is buying Avi Networks. Financial terms weren’t announced. Avi provides multi-cloud application delivery services. Mike Krigbaum and Jae Yoo of Morrison & Foerster provided legal advice to VMware.
6 min read · 19 June 2019
Enboarder said June 19 that it raised $8 million in a Series A round led by Greycroft. New investors including Next Coast Ventures and Stage 2 Capital also participated. Enboarder, of Austin, provides cloud-based HR technology.
3 min read · 19 June 2019
Xirgo Technologies LlLC, a portfolio company of HKW, has acquired UAB Baltic Car Equipment. Financial terms weren’t announced. UAB provides fleet management solutions, including hardware and software suites for light vehicles, trucks, heavy machinery, and agricultural equipment.
3 min read · 19 June 2019
2 min read · 18 June 2019
Acore Capital LP said June 18 that it closed its first discretionary commingled real estate debt fund, Acore Credit IV, on $556 million. Acore said it closed another $2 billion of separate account mandates, which target similar commercial real estate lending opportunities.
3 min read · 18 June 2019
Roberto Cavalli, the fashion house, is close to a decision on a buyer, Private Equity News reported. Cavalli has received five offers, including three binding offers for 100 percent of the company, the story said. Cavalli is backed by Clessidra Capital Partners.
1 min read · 18 June 2019
Cheyne Capital Management (UK) LLP said June 18 that it closed its inaugural European Strategic Value Credit Fund on 1 billion euros ($1.1 billion). The Fund's focus is on acquiring the debt of stressed middle-market businesses, with average transaction sizes between 10 million euros to 50 million euros.
2 min read · 18 June 2019
Welsh, Carson, Anderson & Stowe said June 18 that Simon Britton has joined the firm's healthcare team as an operating partner. Britton previously held held senior positions at Premier Research, ICON Plc, PPD and GlaxoSmithKline.
2 min read · 18 June 2019
Halifax Group said June 18 that it invested in StrataTech Education Group. Financial terms weren’t announced. StrataTech, of Phoenix, provides facility-based post-secondary education.
3 min read · 18 June 2019
Ditech Holding Corp, which has filed for bankruptcy protection, said June 18 that New Residential Investment Corp is acquiring Ditech Financial, its forward mortgage servicing and orginations business. Mortgage Assets is buying Ditech's Reverse Mortgage Solutions Inc. New Residential and Mortgage Assets will serve as proposed "stalking horse bidders" in court-supervised sale processes. New Residential is an affiliate of Fortress Investment Group LLC.
7 min read · 18 June 2019
