Iris Dorbian
Baird Capital has made a "significant" investment in Milwaukee-based Alpha Source, a medical equipment solutions provider. In addition to the investment, Michael Bernstein and Fred Robertson of Baird Capital have been appointed to Alpha Source's board of directors. Also, the company has named Rick Lytle as CEO.
First Read kicks off the week with news Prologis will acquire KTR Capital for $5.9 bln, Comcast and Time Warner Cable are set to talk with antitrust regulators and WhatsApp now has 800 mln active users.
In Second Opinion, Dow plunges more than 300 points, Apple Pay plans on launching in Canada later in the year and doctors demand that Columbia University boot Dr. Oz from the faculty due to "quack treatments."
Laboratoires Anios, which is backed by Ardian, has acquired Deren, a Turkey-based maker of hospital disinfectants. No financial terms were disclosed.
Tampa, Florida-based administrative services provider Zenith American Solutions has hired Keith Saeger as vice president of business development for the Central and Midwestern states and Jay White as vice president of business development for the Southeast and East Coast states. Previously, Saeger worked at Associated Bank while White was at Aetna. Zenith is backed by Water Street Healthcare Partners.
Online private equity platform iCapital Network has hired Michael Mastey as senior vice president of investor network with responsibility for the mid-Atlantic and Southeast regions and Melissa Iagulli as senior vice president of investor network covering the West Coast. Previously, Mastey worked at PNC Capital Advisors while Iagulli was at Charles Schwab & Co.
Ares Management has agreed to buy commercial finance company First Capital Holding's loan portfolio. No financial terms were disclosed for the transaction that is expected to be completed during the second quarter of this year. First Capital is backed by H.I.G. Capital.
Menlo Park, California-based Interana, a provider of self-service analytics for event data, has named Rich Sanzi as vice president of engineering. Previously, Sanzi worked at NetApp, where he served as vice president of engineering. Interana is backed by Battery Ventures, Data Collective, Fuel Capital, Index Ventures, SV Angel and Y Combinator.
CID Capital has recapitalized Fit & Fresh, a maker of products that allow people to take healthy and fresh foods and drink with them while on the go. No financial terms were disclosed. Academy Bank provided the senior financing for the transaction while Medallion Capital provided the subordinated debt financing.
First Read ends your week with news Google is reportedly investing an additional $1 bln in a giant Iowa data center, Oil services firm Schlumberger lays off 11,000 and the Fed is shying away from raising rates in June.