REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
The Emerge Central America Growth Fund invested in Pacific Plaza Health and Living (PPHL), a private healthcare complex aimed at serving the growing middle class in Costa Rica and attracting healthcare tourists from abroad. The $21m Emerge Fund, which focuses on Central America and the Dominican Republic, was established by Aureos Capital Limited, a private […]
Bessemer Venture Partners invested $15m in Newport Beach, Ca.-based United Capital Financial Partners, Inc., a national network of financial services practices that provides centralized back office operations, customized advice and investment management services. United Capital Financial Partners, which is acquiring advisory firms around the USA, will use the capital to expand its business into 4/6 […]
The Aureos India Fund and ePlanet Ventures invested US$16m in Indian container logistics and warehouse management services company, Continental Warehousing Corporation Limited, part of the NDR Group. The Aureos India Fund, a vehicle managed by Aureos Capital, a private equity company investing in small to mid-sized businesses in emerging markets, invested $10m in the company […]
The Hong Kong Monetary Authority and Bank Negara Malaysia signed a Memorandum of Understanding on co-operation in the development of the financial services industry, particularly in the area of Islamic finance. Under the memorandum, both parties agreed to further strengthen co-operation in a number of key areas including: – capacity building and human capital development; […]
According to a Reg D filing with the U.S. Securities and Exchange Commission (SEC), Marlboro, MA.-based Egenera Inc. raised $3m in equity. Founded in 2001, Egenera orchestrates the infrastructure of physical and virtual computing assets. The company, founded in 2001, will use the proceeds to create channel sales relationships for its products and services, which […]
Seattle, Washington-based Free & Clear, Inc. a provider of web-based learning and phone-based cognitive behavioral coaching to help employers, health plans and state governments improve the overall health and productivity of their covered populations, was acquired by NYSE-quoted Inverness Medical Innovations, Inc. Inverness Medical Innovations, a global leader in enabling individuals to take charge of […]
Advanstar Communications, Inc., a worldwide media company providing integrated marketing solutions for the Fashion, Life Sciences and Powersports industries, completed a restructuring transaction with its lenders eliminating approximately $385m of debt. In connection with the restructuring, the company, which has approximately 1,000 employees and currently operates from multiple offices in North America and Europe, is […]
DiscoveryBioMed, Inc. has been awarded a $750,000 Small Business Innovations Research (SBIR) Phase 2 grant by the National Institutes of Health (NIH). The company, which is located within the Innovation Depot facility in Birmingham, Alabama, has received the grant to continue its research into the discovery and development of small molecules to alleviate multiple chronic […]
UK-based Argus Media, an international energy price reporting agency, has acquired the Energy Market Report, a daily publication based in Portland, Oregon. The Energy Market Report, which has been published by Economic Insight since 1994, contains spot market prices and analysis for electricity markets throughout the US and Canada. Following the launch of natural gas […]
Nasdaq-quoted Morningstar, Inc., a provider of independent investment research, has acquired a minority equity stake in PitchBook Data, Inc. Founded in March 2007, Seattle-based PitchBook offers detailed data and information about private equity transactions, investors, companies, limited partners, and service providers. The financial terms of the deal were not disclosed. FinSMEs 28/09/2009
A group of state and local business organizations has retained Sun Mountain Capital to establish, operate and grow a venture capital fund of funds for the State of Arizona. The goal of the fund is to raise approximately $200m and reinvest them in established and experienced venture vehicles which commit to invest in early-stage Arizona […]
Evolution Capital Partners announced an equity investment in American Eagle Mortgage, a Lorain, OH.-based premier mortgage lender providing loans in Ohio, Kentucky and Florida. Commenting o the investment, Brendan Anderson, Managing Partner at Evolution, said: “We are very impressed by American Eagle’s talented management team. They have proven to be a significant player in what […]
NovoCure, Ltd., a medical device company focused on developing the Novo-TTF device, a non-invasive portable medical device for the treatment of cancer, announced the completion of a new funding round. Investors in this round of financing included Pfizer Inc, Johnson & Johnson Development Corporation and Index Ventures. As stated by William Doyle, Chairman of the […]
NYSE-quoted AMETEK, Inc., a global manufacturer of electronic instruments and electromechanical devices, has acquired the assets of two affiliated businesses headquartered in Mumbai, India, Unispec Marketing Pvt. Ltd. and Thelsha Technical Services Pvt. Ltd. The acquisition of the companies will provide AMETEK with a sales, distribution and service network with 11 offices across India. Commenting […]
Alibaba.com has entered into an agreement to acquire China Civilink, which operates in China as HiChina Web Solutions, for a total consideration of RMB539.98m (approximately US$79.06m) in cash upon completion of two phases. According to the terms of the deal, Alibaba.com will acquire 85% of HiChina for RMB435.42m (US$63.75m) with an additional 14.67% retained by […]