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.
Cinven, a European PE firm, said Friday it has sold its remaining stake in Ziggo and realized €329 million (US$428.4 million) of gross proceeds. Ziggo, which listed on NYSE Euronext in Amsterdam in March 2012, will have generated total proceeds of €1.7 billion for Cinven and a total money multiple of 2.8x. Ziggo is the largest cable operator in Netherlands.
3 min read · 26 April 2013
Bennett Tool and Die Co. Inc. was sold to Kansas Venture Capital, Capital for Business, Jefferson Capital Partners and InvestAmerica. Financial terms were not announced. Nashville-based Bennett is a contract tooling and metal stamping supplier serving the locomotive, electrical, appliance, watercraft, and ATV industries. The Lenox Group advised Bennett Tool in the sale.
1 min read · 26 April 2013
In First Read, we wonder why Yahoo's chairman was booted, Amazon's Q1 results and George Soros gets a stake in JC Penney.
1 min read · 26 April 2013
Greenbriar Equity Group said Thursday that an affiliate has extended its tender off for all outstanding shares of EDAC Technologies Co. to 5 p.m.on Monday, May 6. GB Aero Engine in March reportedly agreed to buy EDAC in a deal valued at $100 million. MidOcean Partners had pitched a rival $105 million bid for EDAC but pulled the offer, the Wall Street Journal has reported.
2 min read · 26 April 2013
Marcella Butler has joined Think Finance as Chief Human Resources Officer. Butler joins Think Finance from Google where she worked in a variety of directorate-level roles across corporate development, finance and people operations.
2 min read · 26 April 2013
Horizon Technology Finance Corp. has closed a $2 million venture loan to New Haven Pharmaceuticals. Guilford, Conn.-based New Haven is a specialty pharmaceutical company.
3 min read · 26 April 2013
TPH Partners has invested in Channel Energy. Financial terms weren't announced. Denver-based Chanel is an upstream company focused on the acquisition and development of onshore oil and gas properties across several basins in the U.S.
2 min read · 25 April 2013
bookshout! said Thursday that it raised $6 million in Series B funding. Dallas-based booshout! said it will use the proceeds to expand its digital book distribution and engagement platform, as well as giving authors control of their audiences.
3 min read · 25 April 2013
Datalogix has closed a a $25 million Series B round of equity financing led by Institutional Venture Partners. Existing investors include General Catalyst, Sequel Venture Partners and Costanoa Venture Capital.
3 min read · 25 April 2013
Chicago Growth Partners is out fundraising for its third fund, a source and an SEC filing say.
1 min read · 25 April 2013
