private equity

On the Move, 11.19.18: KPS names Raquel Palmer co-managing partner

PRIVATE EQUITY FIRMS Pantheon Group named Jeff Wright a principal on the client service team, focused on the firm’s U.S. institutional client markets. Wright’s background includes senior roles at Wilshire Private Markets and HarbourVest Partners. BelHealth Investment Partners, a healthcare private equity firm, named Kiran Patel senior adviser. Patel, a physician, is former chairman of WellCare and America’s 1st Choice. Paine Schwartz Partners named Edward Haft an operating […]

venture capital

VCs on the Move, monthly recap as of July 17

Read on to find out more about recent hires and other moves in the venture community over the past four weeks, including hires at Andreessen Horowitz, Benchmark and Forerunner, among others. … Andreessen Horowitz named Kathryn Haun its first female general partner. Haun is a former assistant U.S. attorney who prosecuted cybercrimes. She also is a lecturer at […]

Colorado PERA, Public Employees Retirement Association of Colorado, pension fund, private equity

Denver VC fund makes case for Israeli startups to take the mile-high view

The San Francisco Bay Area has Silicon Valley, Israel has Silicon Wadi and New York has Silicon Alley. So if you’re a mile up and you want to bring Israeli tech startups local, why not Silicon Mountain? That’s the view of Gili Elkin, one of two general partners at Denver-based Israel-Colorado Innovation Fund. The recently […]


MENA-focused digital health platform Altibbi snaps up $6.5 mln

Altibbi, a digital health platform focused on businesses and consumers in the Middle East-North Africa region, raised a $6.5 million funding round. Dash Ventures and Middle East Venture Partners led the round, while three new strategic investors — TAMM, RIMCO Investments and Endeavor’s Catalyst Fund – participated.

Trilliant Food, Blackstone Group, coffee, private equity

Leveraged Loans: Outlook stable for integrated coffee firm Trilliant: Moody’s

Trilliant’s rapid sales increases, fat EBITDA margins and favorable growth environment led Moody’s Investors Service to assign a stable outlook to the integrated coffee producer after a PE-led recap. Moody’s analysts Brian Weddington and Peter Abdill gave a B3 corporate-family rating to Badger Finance, a holding company for Trilliant, the Little Chute, Wisconsin-based producer of […]

Extreme Reach Inc, Carlyle Group, advertising, private equity

Leveraged Loans: S&P cuts rating for Carlyle-backed Extreme Reach

Extreme Reach’s potentially narrow margin of compliance with its leverage covenants in the next year and a half prompted Standard & Poor’s to cut its rating on the ad-services company. S&P pared its corporate-credit rating on Extreme Reach to B- from B. The outlook is negative. In addition, the credit-rating company reduced its issue-level rating on […]

PF Chang's, restaurant, private equity, Centerbridge Partners

Leveraged Loans: Centerbridge-backed P.F. Chang’s outlook stays negative at S&P

S&P Global Ratings maintained a negative outlook on Centerbridge Partners-backed P.F. Chang’s China Bistro, citing factors including the restaurant chain’s leverage, small scale and “exposure to declining mall traffic.” Analyst Mathew Christy in New York also expects lower customer traffic and spending industrywide, prompting negative comparable sales at P.F. Chang’s in the next year. Adjusted leverage “will […]


Jones Day adds partner to M&A practice

Jones Day, the international law firm, named Charles Chau a Hong Kong-based partner in its M&A practice. Chau has almost 20 years of experience advising clients in a range of business sectors in Hong Kong, China and Asia-Pacific, Jones Day said.


Israel’s Vintage closes oversubscribed fourth secondary fund on $215 mln

Vintage Investment Partners, the Herzliya Pituach, Israel-based venture firm, closed its 10th fund on $215 million, 23 percent above its $175 million target. Vintage X, which is VIP’s fourth secondary fund, will buy LP positions in Israeli and European venture and growth-equity funds as well as U.S. venture funds.


Bow River wraps up fourth PE fund at $262 mln

Bow River Capital Partners, the Denver alternative-asset-manager, closed its fourth buyout fund at an oversubscribed $262 million. The target was $200 million on the fund, which plans to invest in lower-middle-market private companies in infrastructure, engineering, healthcare and industrial services.

VC-backed VR social platform AltspaceVR shuts down

Redwood City, California-based AltspaceVR, the social platform for virtual reality, said in a blog post that it would shut down on Aug. 3. “It looked like we had a deal for our next round of funding, and it fell through,” the blog post says. “Some combination of this deal falling through and the general slowness of VR market growth made most of our investors reluctant to fund us further.” The company was founded in 2013 and raised $15.7 million, the website says. AltspaceVR’s backers included Tencent, Dolby Family Ventures, Raine Ventures, Lux Capital, Western Technology Investments, Maven Ventures, Rothenberg Ventures and Comcast Ventures.

Toys R Us

Leveraged Loans: Toys ‘R’ Us outlook cut to ‘negative’ on refinancing risk

The outlook for Toys “R” Us Inc, the Bain Capital Private Equity-backed toy retailer, has weakened because the company will have to refinance certain debt in what will be “challenging” capital markets, Standard & Poor’s said. S&P analyst Robert Schulz cut the outlook on the Wayne, New Jersey, company to “negative” from “stable.” He affirmed […]

Michael Baker International, engineering, S&P, Moody's, Global Knowledge, private equity, Rhone Capital, DC Capital Partners

Leveraged Loans: Michael Baker pared at S&P; Moody’s cuts GK

Michael Baker International was downgraded at Standard & Poor’s after the global engineering and construction firm postponed a plan to refinance debt. S&P pared the corporate-credit rating on MBI to B- from B+ and made the same cut on its $350 million of senior secured notes. The outlook on MBI, which is backed by DC […]


Voiceitt secures $2 mln from Cahn Capital, Dreamit Ventures, others

Voiceitt, the Ramat Gan, Israel-based developer of translation technology for people with speech disabilities, closed $2 million of funding. Investors include Cahn Capital, Amit Technion, the venture unit of the Technion, Israel’s Institute of Technology, Quake Capital Partners, Dreamit Ventures, Buffalo Angels and a number of individuals. The company, formally Technologies of Voice Interface Ltd, was founded in 2012 by CEO Danny Weissberg and Chief Technology Officer Stas Tiomkin.


Carmera zooms off with $6.4 mln

Carmera, the Brooklyn, New York-based startup developing a street-level mapping and intelligence platform for autonomous vehicles, closed $6.4 million in venture funding, according to a blog post. The Series A round was led by Matrix Partners, with Resolute Ventures, Notation Capital and other funds and angels participating. Matrix’s Hardi Meybaum joins Carmera’s board.

Nine West, Cole Haan, apparel, footwear, private equity, retailing, Moody's, S&P

S&P: Nine West more likely to revamp debt; Moody’s pares Cole Haan rating

Nine West, the New York women’s apparel, footwear and accessories designer and retailer, is likely to restructure its debt because “its capital structure is unsustainable,” Standard & Poor’s says. Nine West recently retained Lazard Frères to figure out a capital-structure solution. At Dec. 31, Nine West, backed by the private equity firm Sycamore Partners, had […]

CityMD, healthcare, private equity, urgent care, medical services, Warburg Pincus

City MD expansion proceeds well, entails risks: S&P

A strategy of rapid growth at City MD, the provider of urgent-care services largely in the New York City metro area, is proceeding well but entails “considerable” risk, Standard & Poor’s reported. Analyst Matthew O’Neill assigned a B- corporate-credit rating and a stable outlook to what is formally WP CityMD Bidco LLC. The analyst also […]