| | | Fall behind on what happened in Private Equity and Venture Capital last week? Have no fear – here’s the most-read stories that appeared on PEHub.com: | | | Barack Obama, venture capitalist? | | Posted: 6/28/2016 | | Will BarackObama become a venture capitalist when he leaves office? Speculation is running high after a recent interview Obamadid with Bloomberg. When asked what industries he might go into, the President replied:"Well, you know, it's hard to say. But what I will say is that — just to bring things full circle about innovation — […] | | Read More... |
| TorQuest closes fourth mid-market fund at $925 mln hard cap | | Posted: 6/29/2016 | | TorQuest Partners has raised the $925 million hard-cap target set for its fourth private equity fund, earmarked for investments in mid-market companies in Canada and the United States. The Toronto-based firm announced that TorQuest Partners Fund IV closed23 percent above its original target of $750 million. It is the largest fund raised by TorQuest since its founding in 2002. | | Read More... |
| Roark Capital invests in blowout specialist Drybar | | Posted: 6/27/2016 | | An affiliate of Atlanta-basedRoark Capital Group acquired a minority interest in Drybar. Financial terms were not disclosed.Founded in 2009, Drybar operates salons specializing in blowouts and also marketsa line of hair care products. | | Read More... |
| Pamlico recaps PrizeLogic | | Posted: 6/30/2016 | | Pamlico Capital has recapitalized Southfield, Michigan-based PrizeLogic, a developer of digital promotions for large consumer brands and retailers. No financial terms were disclosed. As a result of the transaction, PrizeLogic CEO Keith Simmons, CTO Tim Welch and CFO Jeff Blackman will retain a "significant" ownership stake in the company. | | Read More... |
| Fuloria joins Fundbox | | Posted: 6/28/2016 | | Prashant Fuloria has joined Fundbox as Chief Product Officer while Oren Katz was named Vice President of R&D and Michal Cieplinski was appointed General Counsel & Chief Compliance Officer. Johnson Ma has also joined Fundbox as Vice President of Business Development. Fuloria was previously SVP of Advertising Products at Yahoo. Katz was with eXelate where he was VP R&D and General Manager, while Cieplinksi was previously MD and Senior Counsel at The Bank of New York Mellon and Ma was with Trial Pay. | | Read More... |
| TA Associates buys majority of Kiwoko | | Posted: 6/30/2016 | | TA Associates has completed a majority investment in Masquepet SL ("Kiwoko"). Corpfin Capital and Prince Capital Partners sold 89.4 percent of Kiwoko to TA and Kiwoko's founders. Financial terms weren't announced. Madrid-based Kiwoko is a chain of pet care specialty retail stores in Spain. Latham & Watkins served as legal counsel to TA Associates. Alemany, Escalona & De Fuentes served as legal advisor to Corpfin Capital and Prince Capital. | | Read More... |
| Bain Capital and Vista Equity completes Vertafore acquisition | | Posted: 6/30/2016 | | Bain Capital Private Equity and Vista Equity Partners has closed its previously announced buy of insurance technology company Vertafore. The seller was TPG Capital. No financial terms were disclosed. BofA Merrill Lynch provided financial advice to Vertafore and TPG on the deal. | | Read More... |
| Frontenac exits Portfolio Group | | Posted: 6/30/2016 | | Capital Z Partners Management LLC said June 30 that it acquired Portfolio Group Inc. Frontenac Company LLC was the seller. Financial terms weren't announced. Lake Forest, California-based Portfolio Group provides finance and insurance products, as well as services to automotive dealers across the country. | | Read More... |
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