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.
Francisco Partners has made a roughly $75 million strategic investment in Corsair Components. Stifel advised Corsair. Fremont, Calif.-based Corsair supplies products purchased primarily by PC gaming enthusiasts who build their own PCs or buy pre-assembled customized systems.
3 min read · 06 May 2013
STAT-Diagnostica closed a Series B round of financing totaling $22.1 million/17 million Euros led by new investor Kurma Life Sciences Partners. Other new investors participating in the round include: Idinvest; Boehringer Ingelheim Venture Fund; and, Caixa Capital Risc, the venture capital division of “la Caixa;” as well as existing investors Ysios Capital and Axis. Barcelona-based STAT-Dianostica develops "near patient testing systems" that aim to simplify and reduce time to results for the diagnosis of certain medical conditions.
5 min read · 06 May 2013
To start your Monday, we have how LinkedIn changed the way we work, why early stage VCs need to be careful about intros from bankers and SNL makes fun of Google Glass.
1 min read · 06 May 2013
Sunstone Components Group has signed a letter of intent with Pancon Corp. to sell substantially all of the company's assets. Sunstone said it has consented to involuntary Chapter 11 petitions filed against it in April. Sunstone expects to complete the sale to Pancon and emerge from Chapter 11 in about 75 day. Temecula, Calif.-based Sunstone provides precision metal stamping and insert injection moldings. Pancon is backed by Milestone Partners.
3 min read · 06 May 2013
CCMP Capital Advisors has agreed to buy Pure Gym. Financial terms weren't announced. Pure Gym is an affordable gym operator in the U.K. Canaccord Genuity provided financial advice to Pure Gym.
3 min read · 06 May 2013
For the third straight year, TPG remained the biggest private equity firm in terms of capital raised, Private Equity International says.
3 min read · 03 May 2013
Electra Partners said Friday that it has received a $1.3 billion binding offer for Allflex Holdings. BC Partners is the buyer, Electra says. Allflex makes and distributes plastic and electronic animal identification tags. The sale will generated gross proceeds of $630.5 million for Electra Partners' clients, including Electra Private Equity which will receive $398 million on the close of the deal. This represents a gross return of 15x original cost and an IRR of 28%. Rothschild advised Electra Partners and Allflex.
3 min read · 03 May 2013
Mainsail Partners has made a $6.5 million equity investment in Netchemia. Prairie Village, Kan.-based Netchemia provides cloud-based talent management software specifically developed for K-12 school districts and institutions.
3 min read · 03 May 2013
To start off your Friday, we have news that Yahoo is in talks to buy Milewise, Apple avoids $9.2 billion in taxes and how to be funny on Twitter.
1 min read · 03 May 2013
Deliv said Thursday it appointed Michael Hart to VP of Logistics. Hart recently worked at Amazon where Deliv says he played a major role within the last mile delivery group. Palo Alto, Calif.-based Deliv offers a same-day delivery service that uses a fleet of crowdsourced delivery drivers.
2 min read · 03 May 2013
