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.
KPS Capital Partners said Monday that it promoted Bruce Curley to Partner – Operations Group. Curley lead the firm's operations group, KPS said.
2 min read · 29 April 2013
The value of investments held by the California Public Employees' Retirement System rose to $261.7 billion as of Friday, putting it above its previous high in 2007 before the financial crises and recession sent it tumbling, Reuters reported.
2 min read · 29 April 2013
Andrew Guida has joined Macquarie Capital as a Managing Director focused on Bank & Thrift and Specialty Finance within the Financial Institutions Group. He will be based in New York. Guida joins from FBR & Co., where he was an MD in FIG.
2 min read · 29 April 2013
Avista Capital Partners has agreed to buy Telular Corp. for $12.61 a share or about $253 million. The purchase price represents a 31% premium to Telular's closing share price on April 26. Telular's board has unanimously approved the proposed acquisition by Avista. Chicago-based Telular provides remote monitoring and asset tracking solutions for business and residential customers. Oppenheimer & Co. acted as financial advisors to Telular while SunTrust Robinson Humphrey advised Avista.
6 min read · 29 April 2013
GTCR has sold Actient Holdings to Auxilium Pharmaceuticals. Financial terms were not announced. Lake Forest, Ill.-based Actient is a specialty pharmaceutical company focused on the treatment of urological indications. Jefferies served as Actient's financial advisor.
2 min read · 29 April 2013
The Abraaj Group has sold its stake in Unitrio Technology Ltd. The buyer was NTT Facilities, a member of the Japanese Nippon Telegraph and Telephone Corporation. Financial terms were not announced,. Unitrio, of Thailand, designs and builds data centers.
4 min read · 29 April 2013
Opsona Therapeutics raised €33 million (US $ 43 million) in an oversubscribed Series C financing led by BB Biotech Ventures and Novartis Venture Fund. Other new investors included Sunstone Capital, Baxter Ventures, Amgen Ventures and EMBL Ventures. Participants included existing investors Fountain Healthcare Partners, Roche Venture Fund and Seroba Kernel Life Sciences. Opsona develops new treatments for inflammatory diseases.
6 min read · 29 April 2013
CorePower Yoga, which runs 74 studios spread in nine states and had revenue of $60 million last year, is looking for an investor, several PE sources tell peHUB.
2 min read · 29 April 2013
Supervalu has elected two new members to its board: John Standley, Rite Aid's chairman president and CEO and Mark Neporent, Cerberus Capital's COO and general counsel. They are directors. In January, Supervalu agreed to sell five of its retail grocery chains to an investor group led by Cerberus Capital Management LP.
4 min read · 26 April 2013
Thomas H. Lee Partners, which has yet to begin fundraising for its next buyout fund, is reportedly putting 30% equity into its $1.1 billion purchase of CompuCom Systems.
1 min read · 26 April 2013
