minecraft
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peHUB Second Opinion

In Second Opinion, Microsoft buys Mojang, maker of Minecraft, Alibaba is raising the terms of its IPO to $66 to $68 a share and what do venture capitalists actually do all day.

264 Views

Brown Jordan buys Tropitone Furniture

Brown Jordan International, which is backed by Crescent Capital Group, said Monday it has acquired Tropitone Furniture. Financial terms weren’t announced. Pfingsten Partners, in 2007, led a buyout of Tropitone, a seller of outdoor casual furniture. The deal was financed by cash on hand as well as debt financing from AIG Investments and Bank of America Merrill Lynch. Moelis & Company was the financial advisor and debt placement agent to Brown Jordan. Intrepid Investment Bankers advised Tropitone.

Thiel, partner of Founders Fund, speaks during the panel discussion at the Milken Institute Global Conference in Beverly Hills, California
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peHUB Second Opinion

In Second Opinion, Peter Thiel is the John D. Rockefeller of our age, about 1,000 Uber drivers plan to strike Monday and North Korea supports Scottish independence. Plus, Zeus, the world’s tallest dog, has passed away.

Sign for a RadioShack store is seen in the Brighton Beach section of the Brooklyn borough in New York
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peHUB Second Opinion

In Second Opinion, Radioshack may file for bankruptcy, the difference between the iPhone 6 and the iPhone 6 Plus, research finds that Uber’s revenue is 12x that of Lyft’s and whether Hilton is the best LBO ever.

NFL: Green Bay Packers at Seattle Seahawks
392 Views

peHUB Second Opinion

In Second Opinion, Twitter taps the debt markets for the first time, the top 5 blogs for venture capital and how to trade in your old iPhone for the iPhone 6. Plus, when did the NFL known about the Ray Rice video?

203 Views

Duffy joins First Advantage

Michael Duffey has joined First Advantage as CFO. First Advantage, of Atlanta, provides background screening, identity and information services for employers and housing providers, is backed by the Symphony Technology Group. Duffy was previously CFO at Symphony IRI, another STG company.

159 Views

Fontinalis invests in Telogix

Fontinalis Partners said Wednesday it invested in Telogis. Financial terms weren’t announced. Aliso Viejo, Calif.-based Telogis provides cloud-based software products and services for companies with mobile workers, vehicles and other mobile assets.

236 Views

FieldAware raises $24 mln

FieldAware said Wednesday it raised a $24 million funding round. Summit Bridge Capital led the round with support from Silicon Valley Bank, while existing investors OpenView Venture Partners, Atlantic Bridge Partners and Oyster Capital Partners also participated. FieldAware, based in Plano, Texas and Dublin, provides cloud-based field service automation SaaS solutions.

Conversis raises $10 mln

Cultivian Sandbox Ventures has led a $10 million Series A for Conversis Corp. Existing investors Middleland Capital and Heartland Farms also participated. Minneapolis-based Conservis provides cloud-based farm management software solutions.

197 Views

ICV buys OneTouchPoint

ICV Partners has acquired OneTouchPoint from Huron Capital Partners. Financial terms weren’t announced. Chicago-based OneTouchPoint provides print and document services.

309 Views

Carlyle cashes out of Allison Transmission

The Carlyle Group said Tuesday it has sold its remaining 2.7 million shares in Allison Transmission. Carlyle and Onex Corp. acquired Allison Transmission in August 2007. Allison Transmission, an auto-parts makers, went public in 2012.

179 Views

Morgenthaler Private Equity sells Enginetics

Standex International Corp. has acquired Enginetics Corp. from Morgenthaler Private Equity. Financial terms weren’t announced. Huber Heights, Ohio-based Enginetics produces 3-D formed components for the commercial aviation market. BlackArch Partners advised Morgenthaler/Enginetics.

An Apple Watch is shown during an Apple event at the Flint Center in Cupertino
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peHUB Second Opinion

In Second Opinion, the Apple Watch will cost at least $349 and be available early next year, the iPod Classic is finally dead and why most people don’t use 529 college savings plans.

196 Views

Distribution International closes buy of Pacific Insulation Co.

Distribution International has completed its buy of Pacific Insulation Company. Financial terms weren’t announced. Los Angeles-based Pacific distributes and fabricates industrial and commercial insulation. Distribution International is backed by Audax Private Equity and The CapStreet Group.

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