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.
The Blackstone Group has informed Dell's Special Committee of the Board that it will not submit a definitive bid to acquire the PC maker and is withdrawing from the process.
5 min read · 19 April 2013
Saban Capital Group has opened an office in Singapore. The office is led by Sumeet Jaisinghani, who has re-located to Singapore from Saban Capital Group’s Hong Kong office.
3 min read · 19 April 2013
How the Internet accused a high school student of terrorism, Microsoft CFO Peter Klein is calling it quits and guess what state is the U.S. Yogurt capital.
1 min read · 19 April 2013
KKR has agreed to buy a majority stake in SMCP Group of Paris. Financial terms were not announced. KKR will have about 65% of SMCP while management will retain 35%. SMCP is an apparel retailing group, that operates in the attractive affordable luxury apparel segment across four brands: Sandro, Sandro Men, Maje and Claudie Pierlot.
4 min read · 18 April 2013
CIC Bancshares has received an investment from Consumer Capital Partners and Rick Schaden, CPR's founder and chairman. Financial terms weren't announced. Denver-based CIC operates Centennial Bank.
2 min read · 18 April 2013
Box has hired three enterprise technology executives. Justin Somaini, Yahoo!'s ex-chief information security officer, has joined Box as the company's first chief trust officer. Niall Wall, a Symantec veteran, has joined Box as their SVP of business development. And Jeff Mannie, an ex-PayPal executive, was named Box's VP and controller.
5 min read · 18 April 2013
Silver Lake said Thursday it closed its latest large-cap technology investment fund at $10.3 billion. The target for Silver Lake Partners IV was $7.5 billion. The firm, which is bidding for Dell, said it received $10 billion in LP capital commitments. The $10.3 billion is the largest amount ever raised for technology investment focused PE fund, Silver Lake said.
3 min read · 18 April 2013
A 30% carry didn’t stop KPS Capital Partners from closing its fourth fund in record time.
3 min read · 18 April 2013
Janney Capital Markets said Thursday that Brandon Eck and James McNaughton were made MDs of its investment banking group, while Brian Van der Waag and Andrew Kurz were named vice presidents. Eck and Kurz are both part of Janney's technology & media group, while McNaughton works in the financial sponsor group and Van der Waag contributes to the infrastructure group.
3 min read · 18 April 2013
Merex Holding Corp. has acquired Aircraft Logistic-support Co. Financial terms weren't announced. Dubin Clark & Co. is also an investor. Livermore, Calif.-based ALCO provides maintenance, repair and overhaul services for auxiliary power units and engine driven compressors.
3 min read · 18 April 2013
