PEI Staff

The head of alternatives investing for Maine PERS has reportedly stepped down.

Some fans were disappointed, but Super Bowl XLVIII was apprently the most-watched live-streamed sports event in history.

A NY-based TV streaming service, that acts as an antenna to let subscribers watch programs across any internet-connected device, has run out of capacity.

Personal finance app Mint is collaborating with Bitcoin wallet service Coinbase, to allow Bitcoin owners quickly calculate how much their digital currency is worth.

Teen apparel retailer Abercrombie & Fitch has stripped CEO Mike Jeffries of his chairman duties in response to pressure from shareholders who are disappointed at the once edgy company's loss of market share to cheaper rivals.

Pender West Capital Partners has bought Overland Container Transportation Services Corp (OCTS), an intermodal container transportation and storage services provider based in Edmonton. The seller in the undisclosed transaction was Jean-Marc Binette, the company's founder, who said the partnership with Pender West would help implement a successful succession plan. Established in 1991, OCTS works with shipping lines, freight forwarders, and direct customers and producers to ensure pick-up, delivery and storage of international cargo containers for import and export in Western Canada. Pender West is a Vancouver-based family office manager that invests directly in mid-market businesses.

Callisto Capital, a mid-market private equity firm with headquarters in Toronto, is currently preparing for the imminent first close of its $300 million Callisto Capital Fund IV. Torys' Michael Akkawi and Sophia Tolias recently spoke with Callisto managing partner Lawrence Stevenson about the firm's fund-raising activity and deal initiatives.

A case can be made that investors rushed at year end to make deals because of the tax increases set to take place on January 1.

The biotech industry is enjoying the strongest IPO market since 2000 with more than 30 new offerings already this year. Our firm alone, Polaris Partners, has seen four successful IPOs in our portfolio, with several more hopefuls on the horizon.