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Small biz financing provider Kabbage nets $270 mln

Kabbage said Wednesday that it has received $270 million in debt financing from unnamed investors. Guggenheim Securities, the investment banking and capital markets unit of Guggenheim Partners, served as placement agent for the transaction. Based in Atlanta, Kabbage is an online provider of small business financing. Its backers include Thomvest Ventures, Mohr Davidow Ventures, BlueRun Ventures and the UPS Strategic Enterprise Fund.

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Regulators Put Chill on U.S. Private-Equity Insurance Deals

Regulators are reviewing the sale of annuity businesses to private equity firms, worried that such sales put annuity customers at risk, Reuters reports. The scrutiny has delayed the sale of Sun Life‘s annuity business to Guggenheim Partners and could delay Aviva‘s sale of its annuity business to Athene, Reuters says.

Binary Event Network Gets Growth Capital from Guggenheim, Cinnober and Broadhaven

Guggenheim Partners, Cinnober Financial Technology and Broadhaven Capital Partners have provided initial growth capital to Binary Event Network. Financial terms were not announced. New York-based Binary Event Network provides technology that allows consumers to view sporting events and bet on them (but no money changes hands, a spokeswoman says). BEN will use the investment to launch TradeSports.

Investor Group to Purchase Dick Clark Productions from RedZone Capital Management

Guggenheim Partners, Mandalay Entertainment, and Mosaic Media Investment Partners announced last week that they are purchasing Dick Clark Productions from RedZone Capital Management, the private equity firm controlled by Washington Redskins owner Dan Snyder. The terms of the transaction were not disclosed, though a report in the L.A. Times suggested its price tag was close to […]

Silverman Jumps to Guggenheim Partners from Apollo Global

Guggenheim Partners said Thursday it named Henry Silverman to be a senior advisor and vice chairman of its investment management business effective March 16. He will be based in New York. Silverman joins from Apollo Global Management, where he was a director and vice chairman of the board as well as a member of the executive committee. […]

TastemakerX Raises $1.8 Mln

TastemakerX has raised $1.8 million in funding. Investors include Guggenheim Partners, Baseline Ventures, True Ventures, AOL Ventures and Tekton Ventures. The company has also attracted Internet and music industry advisors John Battelle, Marc Geiger, Ian Rogers, Paul Bricault and Ted Rheingold and angel investors Andrew Anker, Mich Mathews, Michael Kassan and Mike McGinley. TastemakerX is […]

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