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.
Incline Equity Partners has acquired AmSpec. Financial terms weren't announced. Linden, N.J.-based AmSpec provides testing, inspection, and certification services to the oil, gas, and petrochemical industries.
2 min read · 02 May 2013
The Carlyle Group announced Thursday it has added a six-person international energy investment team led by Marcel van Poecke. Other members of the team include Paddy Spink, Operating Executive; Joost Droege, Managing Director; and Joao Saraiva e Silva, Managing Director. Carlyle said the team will focus on oil and gas exploration and production, midstream, oil field services, as well as refining and marketing in Europe, Africa, Latin America and Asia.
5 min read · 02 May 2013
Capital Royalty said Thursday it has raised $805 million with its second private equity fund. Capital Royalty Partners II was oversubscribed and exceeded its initial fund raising target. Houston-based Capital Royalty invests in healthcare.
2 min read · 02 May 2013
ArcView Investor Network said Thursday that five companies in the marijuana industry have received at least $1 million in commitments. They include Uptoke, Rodawg, WeCanna, Canna Security America and Apeks.
4 min read · 02 May 2013
Srinivas Akkaraju, M.D., Ph.D. has joined Sofinnova Ventures as a general partner while Anand Mehra , M.D., was promoted to General Partner. Dr. Akkaraju was most recently a Managing Director at New Leaf Venture Partners. Sofinnova is a Menlo Park investment firm.
3 min read · 02 May 2013
Private equity firm Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest plastic packaging company in the world, Reuters is reporting.
2 min read · 01 May 2013
Caffeinated chocolate bar maker Awake Chocolate will likely look to raise its second round of funding later this year or in early 2014, company co-founder Dan Tzotzis tells peHUB.
2 min read · 01 May 2013
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it paid $2.05 billion cash to buy the 20 percent it did not already own of toolmaker Iscar from the Israeli company's founding Wertheimer family, Reuters reports.
2 min read · 01 May 2013
Arsenal Capital Partners has acquired Arnco. Financial terms weren't announced. South Gate, Calif.-based Arnco is a supplier of polyurethane products.
4 min read · 01 May 2013
Confie Seguros, which is backed by ABRY Partners, has acquired Capital Insurance Agency. Financial terms weren't announced. Trenton, N.J.-based Capital Insurance is a national provider of personal lines insurance.
2 min read · 01 May 2013
