NGM Biopharmaceuticals Inc., a South San Francisco-based drug startup focused on metabolic diseases, has secured the first tranche of a $51 million Series B funding round. Backers include The Column Group, Tichenor Ventures, Prospect Venture Partners and Rho Ventures. The company previously raised $25.55 million.
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Read more »Jon Skelly has joined Cleveland-based investment bank Vetus Partners as a managing director. He previously focused on the wholesale distribution sector of PCE Investment Bankers, before which he served as a director of business development for Home Depot and director of M&A for Hughes Supply Inc.
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Read more »GTCR announced has acquired Athletic & Therapeutic Institute, an Illinois-based operator of 44 outpatient physical therapy centers, from KRG Capital Partners and Norwest Mezzanine Partners. No financial terms were disclosed. peHUB reported on the deal earlier this month.
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Read more »Elevar has raised $70 million for a “poverty-focused” growth equity fund focused on underserved markets like India, Mexico, the Philippines and Peru. It will back microfinance institutions and other providers of essential services.
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Read more »Sovereign Capital, a UK private equity firm has acquired certain trading assets of drain and sewer cleaning provider Future Environmental Services, the first transaction for the recently backed Euro Environmental Group.
Read more »Key Principal Partners, a lower middle market private equity firm based in Cleveland, has promoted Patrick Rond to vice president. Rond joined the firm, in 2002 as an analyst. KPP is the private equity arm of KeyCorp. www.key.com/keyprincipalpartners
Read more »Garrett Walls has agreed to join Angelo Gordon & Co. as head of marketing. He previously was with TCW Group, as a managing director responsible for strategic relationships.
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Angelo, Gordon & Co., L.P. (”Angelo, Gordon”) announced today that Garrett Walls will join Angelo, Gordon as Head of Marketing effective April 5. Walls joins the firm from TCW, where he served as Group Managing Director responsible for strategic relationships. He will be based in New York.
Read more »Senior Care Centers of America, a Clearview Capital portfolio company, has acquired Wilkes Barre, Penn.-based Valley Crest Adult Day Care. The transaction closed on January 8, and is the fifth acquisition made by Senior Care since Clearview Capital’s initial investment in 2005.
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Read more »Sport Supply Group, a marketer, manufacturer and distributor of sporting goods and branded team uniforms, has entered into a definitive merger agreement to be acquired by an affiliate of Oncap Management Partners, the mid-market private equity business of Onex.
Read more »Phillips-Van Heusen has signed a definitive agreement to acquire Tommy Hilfiger, which is controlled by funds affiliated with Apax Partners, for total consideration of EUR2.2bn (approximately USD3.0bn) plus the assumption of EUR100m in liabilities.
Read more »LONDON (Reuters) - Montagu Private Equity agreed the sale of medical diagnostics business Sebia to rival Cinven, a further sign the buyout industry is reviving after a slow year for deals in 2009.
Since its acquisition in 2006 by Montagu, Sebia has increased market share in existing markets and has expanded in new growth high growth areas, the private equity firm said in a statement on Monday.
The company has been valued at about 800 million euros ($1.1 billion) in press reports.
Read more »Denham Capital has agreed to sell the assets of Excel Telecommunications to Matrix Telecom Inc., a portfolio company of Platinum Equity. No financial terms were disclosed. Excel is an Irving, Texas-based provider of integrated voice and data communications products and services to residential, commercial and carrier customers.
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Read more »GyPSii, a Dutch developer of location-based social networking applications, has raised $11 million in VC funding led by UK-based Schroders.
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Read more »CPI Card Group, a Littleton, Colo.-based manufacturer of financial payment cards, has acquired certain assets of Roseville, Minn.-based Premier Card Solutions. No financial terms were disclosed. CPI is a portfolio company of Tricor Pacific Capital, while PCS is a portfolio company of Valor Equity Partners.
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Read more »Antisense Pharma, a German developer of cancer therapeutics, has raised €13 million in new VC funding. Return backers included MIG Fonds and the Global Asset Fund.
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Read more »SurgicEye GmbH, a German developer of intra-operative imaging and instrument navigation for the removal of breast cancer and melanoma, has raised an undisclosed amount of Series A funding from FVW Investments and Clusterfonds Innovation. SurgicEye is a spin-out from Technische Universität München. www.surgiceye.com
Read more »Snaptu (f.k.a. Moblica), an Israeli mobile application developer, has raised an undisclosed amount of Series A funding from Sequoia Capital.
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Snaptu, a leading mobile application company, today announced it has secured funding from Sequoia Capital.
Read more »Rhythm Pharmaceuticals, a Boston-based developer of peptide therapeutics for metabolic diseases, has held a $21 million first close on its Series A funding. MPM Capital and New Enterprise Associates co-led the financing, which will be used to developer products licensed from Ipsen (Euronext: IPN).
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Read more »Private equity firm OpenGate Capital is acquiring fashion label Nicole Farhi from French Connection Group in a transaction expected to close within the next 90 days.
Read more »Richard Marsh and Jonathan Freuchet-Sibilia have joined Encore Ventures, the secondaries unit of European VC firm DFJ Esprit, as a partner and investment manager, respectively. Marsh previously was an investment manager with Oxford Capital Partners, and will take over responsibility for assets acquired late last year from 3i Group. Freuchet-Sibilia previously was an associate with Jefferies International.
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