man & dog

peHUB Second Opinion

In Second Opinion, Verizon claims it’s not in talks to set up another app store, even a former mob boss doesn’t trust Wall Street and Vine is finally letting users import video from their phone.


Longitude Capital, NovaQuest buy California Cryobank

Longitude Capital and NovaQuest Capital Management have acquired California Cryobank. Financial terms weren’t announced. Los Angeles-based California Cryobank provides resources for frozen donor sperm and specialized reproductive services, including private egg and embryo storage services.


Moonscape Ventures launches, invests $3.1 mln in SocialStudio

Mati Kochavi, the entrepreneur behind AGT International, has launched Moonscape Ventures. The investment firm, based in Tel Aviv, Israel, focuses on early stage investments in “new and innovative” technologies in a wide variety of sectors related to the Internet of Things, including smart cities, big data and news and media technologies. First round investments will range from $500,000 – $5 million. Moonscape’s first deal is a $3.1 million investment in SocialStudio, which provides a software platform that allows publishers to transform original web content into videos viewable on all devices.

Lavante raises $3.5 mln

Lavante has raised a $3.5 million round of investment led by PointGuard Ventures. Prior investors SAP Ventures and ATA Ventures also participated in the financing. San Jose-based Lavante provides on-demand SIM (Supplier Information Management) and profit recovery solutions.

HearHere Radio raises $1.7 mln

HearHere Radio said Wednesday that it has raised to-date $1.7 million in Convertible Promissory Notes. The investors include The Associated Press, A.H. Belo Management Services, Whittier Ventures, Ringleader Ventures, individual backers including Chicago venture capitalist Steve Miller, employees, family and friends. HearHere Radio’s flagship app, Rivet News Radio, aims to deliver personalized local, national and world news directly to smartphone users.


The Riverside Company invests in Grace Hill

The Riverside Company has invested in Grace Hill. Financial terms weren’t announced. Augusta, Ga.-based Grace Hill provides a suite of training tools, including online courses and videos, for individuals working in the apartment industry. Freeport Capital provided financing for the transaction. Riverside was advised by Jones Day and Deloitte.

TriVeda makes Iver an MD

TriVeda Capital said it named Raman Iver an MD based in Bangalore. Iyer will oversee the firm’s pan-India real estate activities, including capital deployment, equity/debt financings, structured vehicles and third-party asset management. Iver was previously Director of Asset Management at ASK Property Investment Advisors, a subsidiary of ASK Group.

morning coffee

peHUB First Read

In First Read, Cupertino is getting super fast broadband service, by the end of 2014 there will likely be more mobile devices connected than people on Earth, Apple’s stock hits an all-time high and the NFL asks artists to pay to play the lucrative Super Bowl halftime show.


NBTY names Cahillane CEO

NBTY, which is backed by the Carlyle Group, said it named Steven Cahillane its CEO. Cahillane is the former President of Coca-Cola Americas and successfully integrated Coca‐Cola Enterprises’ North American bottling operations. Cahillane succeeds Jeff Nagel and begins his new role on September 8th.


TCV, Banneker Partners invest in IQMS

Technology Crossover Ventures has made a strategic growth equity investment in IQMS. Banneker Partners also invested in IQMS. Financial terms weren’t announced. Paso Robles, Calif.-based IQMS designs and develops manufacturing ERP software for the repetitive, process and discrete industries.


Harvest Partners sells DTI

OMERS Private Equity, the PE arm of OMERS, has completed its recap of Document Technologies Holdings. The seller is Harvest Partners. Atlanta-based DTI provides legal process outsourcing services in the U.S.


Gau joins Pritzker Group Private Capital

Pritzker Group Private Capital said Tuesday that David Gau has joined the firm as its operating partner for the manufactured products team. Gau, 49, previously served as EVP of global commercial operations for Gates Corp.


Linden Capital closes Spear Education buy

Linden Capital Partners has completed its buy of Spear Education. Financial terms weren’t announced. Scottsdale, Ariz.-based Spear provides post-graduate dental continuing education content to dentists and specialists around the country. Brentwood Capital Advisors provided financial advice to Spear. Golub Capital provided debt financing.

Brand & Oppenheimer promotes Gillcrist

Brand & Oppenheimer Co. said Tuesday that it appointed Lizz Gillcrist as Business Development and Marketing Manager for Protective Fabrics. Gillcrist was previously Product Specialist in the Advanced Concepts Group for Polartec. Red Bank, N.J.-based Brand & Oppenheimer, a supplier to the textile industry, is owned by company management and Praesidian Capital.


Victory Park Capital invests in Upstart

Victory Park Capital said it would invest $100 million in Upstart loans over the next two years. Palo Alto, Calif-based Upstart is a lending platform that aims to finance people based on signs of their potential including schools attended, area of study, academic performance and work history.


Vestis Retail Group closes Sports Chalet buy

Vestis Retail Group, which is backed by Versa Capital Management, has completed its buy of Sports Chalet. The sale price is reportedly $17 million. Versa said it made a “substantial” equity investment in Vestis and has received $180 million in financing. Founded in 1959, Sport Chalet is a specialty sporting goods retailer operating 50 stores in Arizona, California, Nevada and Utah. Cappello Global/Niagara International Capital provided financial advice to Sport Chalet, while Duff & Phelps provided a fairness opinion.

Los Angeles Clippers' new owner Ballmer is introduced at a fan event at the Staples Center in Los Angeles

peHUB Second Opinion

In Second Opinion, Steve Ballmer steps down as a Microsoft board member, Uber hires President Barack Obama’s famous campaign manager, the skinny jean trend might be over and Lyft COO Travis VanderZanden has left his job.

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