Vestar Capital Partners V and Health Grades, a healthcare ratings organisation, have entered into a definitive agreement for an affiliate of Vestar to acquire all of the outstanding shares of HealthGrades for USD8.20 per share.
Article Tag: Vestar Capital Partners V, Health Grades
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Vector Capital has completed its $145 million take-private acquisition of Trafficmaster PLC, UK-based vehicle tracking company.
PRESS RELEASE
Vector Capital, a global private equity firm specializing in the technology sector, today announced it has completed its acquisition of Trafficmaster Limited (formerly Trafficmaster Plc) in a take-private transaction valued at approximately $145 million.
Read more »Clayton, Dubilier & Rice and GS Capital Partners have signed a definitive agreement to acquire HGI Holdings from The Jordan Company and members of the Harrington family.
Article Tag: Clayton, Dubilier & Rice, GS Capital Partners, HGI
Read more »IBM Corp. has agreed to acquire Storwize Inc., a Marlborough, Mass.-based data storage company. No financial terms were disclosed, although earlier press reports pegged the price at around $140 million. Storwize has raised around $28 million in VC funding from Sequoia Capital, Bessemer Venture Partners, Tenaya Capital, Tamares Group and Tokyo Electron Device.
PRESS RELEASE
Read more »A gradually recovering exit market helped drive shorter-term venture capital performance upward in the first quarter of 2010 while the ten-year horizon continued to decline, according to the Cambridge Associates US Venture Capital Index, the performance benchmark of the National Venture Capital Association.
Read more »Genstar Capital has acquired Evolution Benefits, an Avon, Conn.-based provider of benefit card payment services for healthcare and employee benefits accounts. No financial terms were disclosed.
PRESS RELEASE
Evolution Benefits, Inc. announced today that it has been acquired by Genstar Capital, LLC, a private equity firm based in San Francisco. Financial terms were not disclosed.
Read more »Kevin Jackson has joined Gridiron Capital as a vice president. He previously was a senior associate with at CCMP Capital.
PRESS RELEASE
Read more »Morega Systems, a Mississauga, Ontario-based developer of media mobility solutions for the digital home, has raised US$10 million in Series B funding. Celtic House Venture Partners and GrowthWorks co-led the round, and were joined by the Ontario Emerging Technologies Fund.
PRESS RELEASE
Read more »Pelican Imaging Corp., a Soquel, Calif.-based company focused on commercializing computational cameras, has raised an undisclosed amount of VC funding from In-Q-Tel. It previously raised $7 million from Granite Ventures and InterWest Partners. www.pelicanimaging.com
Read more »Kenshoo, an Israel-based provider of online demand generation SaaS solutions for the enterprise and local markets, has raised an undisclosed amount of funding from return backer Sequoia Capital.
PRESS RELEASE
KENSHOO, the leading provider of online demand generation SaaS solutions for the enterprise and local markets, announced today that it has secured a late-stage round of funding from Sequoia Capital’s Sequoia Growth Fund.
Read more »HemaQuest Pharmaceuticals, a Newton, Mass.-based developer of small-molecule therapeutics to treat serious blood disorders, has raised $4 million in new Series B funding from Latterell Venture Partners. The company previously held a $12 million first close on the round, from Aberdare Ventures (lead), De Novo Ventures, Forward Ventures and Lilly Ventures. It has now raised a total of $36 million.
PRESS RELEASE
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The Private Equity Council has presented evidence showing the industry outperformed public markets by an average of seven per cent and 11 per cent over three and five years.
Article Tag: Private Equity Council, Centre for the Study of Financial Innovation, Eversheds
Read more »Molycorp Inc., a Greenwood Village, Colo.-based rare earth mining company, has cuts its IPO price expectations from between $15 and $17 per share to $14 per share.
The company plans to trade on the NYSE under ticker symbol MCP, with J.P. Morgan and Morgan Stanley serving as co-lead underwriters. It reports a $28.6 million net loss for 2009 on around $7 million in net sales.
Read more »Chesapeake Midstream Partners, a joint venture between Chesapeake Energy (NYSE: CHK) and Global Infrastructure Partners, raised around $446.25 million in its IPO. The company priced 21.25 million units at $21 per unit ($19-$21 offering range).
It will trade on the NYSE under ticker symbol CHKM, while UBS, Citi and Morgan Stanley serving as co-lead underwriters.
Read more »(Reuters) - Private equity firm American Securities is bidding for California Pizza Kitchen Inc (CPKI.O), two people familiar with the situation said.
The 25-year-old restaurant chain, which has a market capitalization of more than $400 million, said in April that it hired investment bank Moelis & Co as its exclusive financial adviser to consider changes in its capital structure, a possible sale or other combination.
Read more »NEW YORK (Reuters) - Monitronics, an alarm monitoring firm backed by private equity company Abry Partners, is being marketed for sale and two investment banks are advising it, several sources familiar with the matter said.
The business could fetch about $1 billion, one source said, while a second source said it could be worth more than that amount.
Read more »Guernsey’s government plans to give financial institutions a window from 1 January 2011 to 1 July 2011 for moving to automatic exchange of information.
Article Tag: Guernsey, automatic exchange of information, EU Savings Tax Directive
Read more »Foundation Venture Capital Group, a New Jersey Health Foundation affiliate, has sold its equity interest in Longevica Pharmaceuticals to Rostock International.
Article Tag: Foundation Venture Capital Group, Longevica Pharmaceuticals, Rostock International
Read more »Rising Ocean Temps: Rising sea temperatures can harm the tiny plant life that forms the base of the oceans’ food chain as well as affect the diversity of marine life.
Read more »Shawn Cross has been named CEO of the Burrill Merchant Banking Group. He joined the firm 13 months ago as a managing director.
PRESS RELEASE
Burrill & Company, a San Francisco-based global leader in life sciences with activities in Venture Capital, Private Equity, Merchant Banking and Media, is pleased to announce that Shawn Cross has been appointed CEO of the Burrill Merchant Banking Group, effective immediately.
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