REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
Grupo IMO, a Spanish provider of radiotherapy services for the treatment of cancer, has received an approximate €20m investment from Nazca Capital. Nazca, which made the investment through its Fund Nazca III, will take a majority stake in the company through the direct acquisition of shares to several shareholders as well as through the subscription […]
MedAdherence LLC, a Norwalk, Conn.-based healthcare information technology company, received a $150k Pre-Seed financing from Connecticut Innovations (CI). The company, which has secured required matching funds from private investors, intends to use the funding to continue development of its technology, complete current beta testing (with Tulane University School of Medicine) and secure additional customers. Led […]
RemoteReality Corporation, a Putnam, Conn.-based developer of ultra-wide-angle camera systems for military, homeland security and commercial customers, recently closed a Series C round of funding. Backers include Connecticut Innovations (CI), which committed $1m through its Eli Whitney Fund, Chart Venture Partners, Kuwait Holdings and an individual investor. Led by chairman and CEO Denny McGinn, the […]
HzO, a Utah-based provider of technology that protects valuable electronics from water, humidity, and other liquids, has received a $3m equity investment from Hong Kong-based Horizons Ventures, Ltd. The company, which was acquired by and then spun off from ZAGG Inc. (NASDAQ: ZAGG), intends to use the proceeds to bring its WaterBlock technology to the […]
Provenance Biopharmaceuticals Corp., a Waltham, MA-based clinical-stage biotechnology company focused on developing novel therapeutics for cancer and other serious, life-threatening diseases, has closed an $8m financing with Alopexx Enterprises, LLC. Under the terms of the transaction, the companies have formed Alopexx Oncology, LLC, which will manage the clinical development of DI-Leu16-IL2 for the treatment of […]
Private equity firm Huron Capital recently committed $40m to recapitalize Sock & Accessory Brands Global LLC (SABG), a Mocksville, NC-based designer and marketer of fashion casual and athletic socks. Fifth Third Bank provided senior debt financing for the transaction. Following the investment, which was made through Huron’s most recent private equity fund, the $350m Huron […]
Futura Holding S.p.A. (Gruppo La Patria), a Bologna, Italy-based provider of security services, has received an equity investment of undisclosed amount from Fondo Italiano di Investimento and PM & Partners. The company intends to use the proceeds to grow organically and through acquisitions of players operating in the same sector. Founded in 1950 by the […]
Italian public-private Fondo Italiano di Investimento and French private equity firm Edmond de Rothschild Investment Partners (EdRIP) have signed an agreement focused on development capital investments made by Winch Capital 2, a €250m fund supported by French leading institutions such as Caisse des Dépôt. Under the terms of the deal, Winch 2 and Fondo Italiano […]
IMT SpA, a Casalecchio di Reno, Bologna, Italy-based company that manufactures hydraulic drill rigs and grinding machines, has raised €21m in equity funding. Backers include existing investor Paritel, which committed €11m, and Fondo Italiano di Investimento, which injected the remaining portion. The company intends to use the proceeds from the investment to continue to consolidate the […]
Gryphon Investors, a San Francisco, CA-based company that focuses on leveraged acquisitions of, and growth investments in, middle-market companies in partnership with experienced management, has received $7.2m in mezzanine debt financing from Babson Capital Management LLC. The proceeds from the investment will be used for the acquisition of Trinity Consultants (read here), a Dallas-based environmental […]
Middle market private equity firm Genstar Capital has acquired Innovative Aftermarket Systems (IAS), an Austin, TX-based marketer, administrator and underwriter of vehicle protection products and related services sold through franchised automobile dealers. The acquisition, which made along with several senior IAS executives, is expected to help the company grow both organically and through acquisitions. Bob […]
First Choice Emergency Room, a Flower Mound, TX-based provider of freestanding emergency rooms with 12 Texas locations, is receiving a “significant” private equity investment from Sterling Partners. According to a written statement, the investment is designed to accelerate the company’s next stage of growth. Founded in North Texas in 2002 and led by CEO Rick Covert, […]
San Jose, Calif.-based eBay (NASDAQ:EBAY) has acquired BillSAFE, a German provider of purchase-on-invoice technology, for an undisclosed sum. The acquisition, which follows eBay’s minority stake investment in the company in October 2010, is intended to combine BILLSAFE with PayPal. According to PayPal, the addition will provide a comprehensive payment service for merchants and consumers. Led […]
The Carlyle Group recently acquired a 42% stake in Alamar Foods from the Al Jammaz family of Saudi Arabia for an undisclosed sum. Equity for this investment has been provided by Carlyle MENA Partners, L.P. Following the transaction, the Al Jammaz family has continued to hold a majority stake in Alamar, a master franchise operator […]
Encore Capital recently acquired a majority stake in Kendal, UK-based Pro Bike Kit, an online bike accessories retailer. Encore identified an MBI candidate and supported the acquisition of the business from its retiring founders. In addition to the transaction, Steve Robinson, former CEO at M and M Direct, has joined as chairman. Founded in 1998, […]