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.
After less than two years, Welsh, Carson, Anderson & Stowe is looking to exit Triple Point Technology, four sources tell peHUB.
1 min read · 23 April 2013
Michael Barry and Robert Hutchinson have joined Sterne, Agee & Leach's depositary investment banking group. Barry will be based in New York and Hutchinson in the Boston office. Barry joined Sterne Agee as MD and head of M&A for depository investment banking. Most recently, he was with Stifel Nicolaus Weisel where he was head of FIG M&A. Hutchinson joined Sterne as MD and head of Northeast coverage for depository investment Banking. He is also from Stifel Nicolaus Weisel where he spent more than 15 years in depositary investment banking.
4 min read · 23 April 2013
A consortium has completed its buy of Duff & Phelps Corp. in a deal valued at about $665.5 million. The group includes The Carlyle Group, Stone Point Capital LLC, Pictet & Cie, on behalf of certain of its clients, and funds managed by Edmond de Rothschild Group. Duff & Phelps is a financial advisory and investment banking firm.
2 min read · 23 April 2013
Charles Jolley has joined Battery Ventures as an Entrepreneur in Residence in its Menlo Park office. Most recently, Jolley was Facebook’s Mobile Platform Head of Product and co-founder of Strobe, a mobile software company that was acquired by Facebook.
3 min read · 23 April 2013
Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II. Financial terms weren't announced. Trail Ridge is a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas. Stifel Nicolaus advised Trail Ridge in regards to financing.
2 min read · 23 April 2013
Honeywell has agreed to buy RAE Systems, a Vector Capital portfolio company, for $340 million. San Jose-based RAE Systems provides gas and radiation detection systems for safety and security threat detection. The deal is expected to close in second quarter. Citigroup advised RAE/Vector. Shearman & Sterling was their attorney.
5 min read · 23 April 2013
GroundMetrics has closed a second round of financing at $1.5 million led by the Tech Coast Angels. GroundMetrics said its "other Southern California syndicates" consisted of the Rady Venture Fund, La Costa Investment Group, Crescent Ridge Partners Ventures, and Rancho Santa Fe Partners. San Diego-based GroundMetrics was founded in 2010 to commercialize a new class of electromagnetic sensing technologies for geophysical applications.
5 min read · 23 April 2013
Tim Kilgallon has joined Polaris Partners' West Coast office as CEO-in-Residence. He will explore healthcare services and technology, including consumer-directed digital health opportunities. Kilgallon serves as director of Polaris-backed Athletes’ Performance; he previously led Free & Clear.
2 min read · 23 April 2013
Eventbrite said Monday that it raised $60 million in financing led by Tiger Global Management. T. Rowe Price also took part, a statement says. San Francisco-based Eventbrite, an online ticketing company, has raised $140 million in funding. Other investors include Sequoia Capital, DAG, and Tenaya.
3 min read · 22 April 2013
Gizmox said Monday it closed a $7.5 million round of financing led by Atlas Venture with participation from existing investors Citrix, IVC, Consolidated Investment Group, and others. Gizmox also named Eugene Kuznetsov as ITS CEO.
3 min read · 22 April 2013
