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.
Vapotherm has closed a $29 million financing round led by the 3x5 Special Opportunity Fund L.P. and included new investor Morgenthaler Venture Partners L.P. Existing investors GE Asset Management, Kaiser Permanente, Integral Capital Partners, QuestMark Partners and Cross Creek Capital also participated. Exeter, N.H.-based Vapotherm makes advanced respiratory care devices.
2 min read · 25 April 2013
Noble Investment Group said that its most recent fund exceeded its cap and closed $220 million. About 75% of Noble Hospitality Fund II was committed by repeat investors. Nobe Investment Group is a lodging and hospitality real estate investment firm.
2 min read · 25 April 2013
Fusion-io has acquired NexGen Storage for about $119 million, including $114 million cash and approximately $5 million in stock. Louisville, Colo.-based NexGen develops hybrid storage appliances. NexGen's investors include Grotech Ventures, Access Venture Partners and Next World Capital.
3 min read · 24 April 2013
H.I.G. Capital said Wednesday that it has completed its buy of Pegasus Financial Services. The seller was Pegasus Solutions. Financial terms weren't announced. Dallas-based Pegasus Financial is a processor of commissions paid by hotels to travel agencies.
3 min read · 24 April 2013
Packaging Dynamics Corp. announced earlier this week that it had agreed to sell its Thilmany Papers business unit to KPS Capital Partners. Financial terms were not announced. Included in the deal are the Thilmany Papers’ Nicolet and Kaukauna mills and Wausau Paper’s Mosinee and Rhinelander mills, all of which are located in Wisconsin, as well as the output of Verso Paper’s number five paper machine in Jay, Maine, a release dated April 22 said.
3 min read · 24 April 2013
CIT Group said Wednesday that it arranged a $220 million loan to help finance Elior SCA and Charterhouse Capital Partners' buy of TrustHouse Services Group. Charlotte, N.C.-based TrustHouse provides contract food services to the healthcare, education and corrections sectors.
4 min read · 24 April 2013
Silverpop said Wednesday it received $25 million in new funding from Escalate Capital Partners and Silicon Valley Bank. Silverpop, which provides digital marketing technology, has over $50 million in funding.
3 min read · 24 April 2013
Mike Beltz has joined Satori Capital as an operating partner. Beltz will assist Satori with identifying and investing in sustainably run companies within the payments sector.
3 min read · 24 April 2013
Z Capital Partners filed an investor presentation supporting its nomination of two candidates to the Affinity Gaming Board. Z Capital currently owns more than 30% of Affinity Gaming. Z Capital Partners has offered to buy all the outstanding shares of Affinity Gaming that it doesn't own.
5 min read · 24 April 2013
Don Birchenough is joining Deutsche Bank as a Managing Director and Americas Head of Media and Telecom Mergers & Acquisitions. He joins from Credit Suisse where he was most recently Co-Head of the Technology, Media and Telecom M&A group in the Americas.
1 min read · 23 April 2013
