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.
Third Rock Ventures announced several appointments and role changes. The VC firm appointed James Geraghty to the role of entrepreneur-in-residence while Steven Paul, M.D., will be increasing his capacity as a venture partner. Daniel Lynch was named venture partner to support the commercial and business development of existing portfolio companies while John Maraganore, Ph.D., has joined as a venture partner.
5 min read · 14 May 2013
TPG has had much luck taking its portfolio companies public.
4 min read · 14 May 2013
High Road Capital Partners and Charter Oak Equity will acquire The Crown Group from the Baer family. Crown is a coating solutions provider headquartered in Warren, Michigan. Quarton Partners provided financial advice to Crown in this transaction. No financial terms were disclosed.
2 min read · 14 May 2013
EnCap Flatrock has invested $200 milllion in Cardinal Midstream. Cardinal Midstream is an oil producer in Dallas. Also, Mark Ward is joining Cardinal Midstream as vice president and COO.
4 min read · 14 May 2013
Babson Capital Management said Tuesday that it has formed Babson Capital Finance, which will provide loans to middle-market companies and specialized industries globally. Mike Hermsen, Managing Director of Babson Capital Management, was named CEO of BCF.
2 min read · 14 May 2013
Confie Seguros acquires Texas State Low Cost Insurance Agency of Austin. Financial terms were not disclosed. Confie Seguros is based by ABRY Partners.
2 min read · 14 May 2013
Betfair and CVC Capital Partners have ended takeover discussions after the private equity firm said it would not make a third revised offer for the online gambling company, Reuters reports.
2 min read · 14 May 2013
CompuCom has promoted Anthony Doye to the role of CEO. Doye joined CompuCom as Divisional CEO in November. CompuCom, an IT outsourcing specialist, also said that Thomas H. Lee Partners has completed its acquisition of the company.
3 min read · 14 May 2013
Rightware closed a $5.2 million series B round with participation by Inventure, Nexit Ventures and Finnish Industry Investment. Rightware, of Espoo, Finland, provides user interface technology for the mobile, automotive and other embedded industries.
4 min read · 14 May 2013
GraphLab said Tuesday it raised $6.75 million Series A funding led by Madrona Venture Group and NEA. Seattle-based GraphLab provides a machine learning analytics engine for graph datasets.
4 min read · 14 May 2013
