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 »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 »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 »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 »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 »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 »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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