Private Equity
To end your Tuesday, we have news on Apple's cheaper iPhone, AIG's hilarious letter to taxpayers and Walt Disney may not be such a happy place anymore.
1 min read · 08 January 2013
We finally have some news on the BluePay auction. The payment processor is no longer up for sale and is pursuing a dividend recap.
1 min read · 08 January 2013
McMurry and TMG Custom Media have merged. The Wicks Group of Companies has taken a majority stake in the new company, called McMurry/TMG. Financial terms were not announced. McMurry/TMG is a full‐service content marketing agency with annual revenues of close to $100 million and 270 employees. The Jordan, Edmiston Group provided financial advice to McMurry and TMG.
4 min read · 07 January 2013
Today, we have news on whether Airbnb is legal in NYC, why the Consumer Electronics Show isn't such a big deal anymore and the best response to the NHL lockout.
1 min read · 07 January 2013
Larsen MacColl Partners has made a growth investment in Bills Khakis. Financial terms weren't announced. Reading, Pa.-based Bills Khakis designs and markets branded men's sportswear, including pants, shorts, jeans, shirts, sweaters, knits, belts and outerwear. Michael O'Hara of Consensus Advisors provided financial advice to Bills Khakis.
2 min read · 07 January 2013
Madison Dearborn Partners has acquired a minority stake in EVO Payments and will fund the company's international expansion and additional growth initiatives. Financial terms were not disclosed. EVO, a privately-held payments processor, acquired PowerPay in December and Deutsche Card Services in November. Dan Daul of William Blair & Co. provided financial advice to EVO.
3 min read · 07 January 2013
SV Life Sciences said Monday that Darren Black was named a managing partner while Tom Flynn was made a partner. Black joined SV Life Sciences in 2003 and will continue to focus on healthcare services, pharmaceutical services and healthcare information technology. Flynn joined the life sciences VC firm in 2011 and targets post-acute care delivery and healthcare information technology services.
3 min read · 07 January 2013
Veronis Suhler Stevenson said Monday that John Suhler, a founding partner and president, retired at the end of 2012. Suhler is 69 years old and co-founded Veronis Suhler Stevenson in 1981. Suhler has been named Chairman Emeritus and will continue, along with other VSS Partners, to represent VSS at communications industry events, the firm said.
4 min read · 07 January 2013
Neil Banta has left Greenhill & Co.'s private capital advisory group, confirms Jeff Taufield, a firm spokesman. It's unclear whether Banta has joined another firm.
2 min read · 07 January 2013
Alliance Consumer Growth has acquired a minority stake in Krave Jerky. New York-based ACG, which invests in consumer brands, provided less than $10 million for a "significant" minority holding in Krave, says Julian Steinberg, a managing partner.
2 min read · 07 January 2013
