DoubleRock: News
Blue Wolf Capital to Buy Air Distribution Products Group from Standex
Standex International Corp. has agreed to sell its Air Distribution Products Group to Blue Wolf Capital Partners. Financial terms were not announced. The transaction is expected to close in about 30 days. Standex said it expects to report charges in the range of 18 cents to 23 cents a share, post tax, in discontinued operations [...]
Meade Named MD at Pomona Capital
Daniel Meade has joined Pomona Capital as an MD in the firm’s New York office. He will focus on Pomona’s business development efforts globally. Previously, Meade was a SVP at Eaton Partners. PRESS RELEASE Pomona Capital, a global private equity firm, today announced the addition of Daniel Meade to the New York office as Managing [...]
Health Evolution Partners acquires majority stake in Freedom Innovations
Health Evolution Partners has acquired a majority interest in high-tech prosthetic limb maker Freedom Innovations.
AssuredPartners Names Dean Curtis CFO
AssuredPartners, a portfolio company of Chicago-based private equity firm GTCR, has named Dean Curtis chief financial officer. Most recently, Curtis served as Chief Accounting Officer of MPS Group Inc. AssuredPartners is based in Lake Mary, Fla. PRESS RELEASE AssuredPartners, Inc., a portfolio company of leading Chicago-based private equity firm GTCR, is pleased to announce that [...]
F&C Investment Trust secures £50m credit facility from RBS
London-listed private equity investor F&C Investment Trust has entered into a new £50m unsecured committed multi-currency revolving credit facility with RBS.
Baird Private Equity adds Gordon Pan as managing director
Baird Private Equity (BPE) has appointed Gordon G Pan as managing director after his predecessor moved to The Pritzker Group.
USI Insurance Buys The Pinnacle Group
USI Insurance Services, which is backed by Goldman Sachs Capital Partners, has bought most of the assets of The Pinnacle Group. Financial terms weren’t announced. Virginia Beach, Va.-based Pijnacle is an employee benefits consulting firm specializing in middle-market business. The company is expected to contribute about $3.3 million in annual revenues to USI. PRESS RELEASE [...]
Longitude Capital, Skyline Ventures lead $22.5m financing of Collegium Pharmaceutical
Longitude Capital and Skyline Ventures have led a $22.5m Series B financing round for Collegium Pharmaceutical.
Pritzker Group hires Paul Carbone from Baird Private Equity
The Pritzker Group has hired Baird Private Equity’s director and managing partner Paul Carbone to lead its investment activities.
Swiss private equity firm Zurmont Madison to launch €200m fund
Zurich-based private equity firm Zurmont Madison has begun marketing its second fund with institutional investors, and aims to reach a first close by the middle of this year.
Halfpenny Technologies Inks $2.25M
Blue Bell, Penn.-based Halfpenny Technologies Inc., a provider of clinical data integration technology, has raised $2.25 million in venture capital. Connecticut-based Vital Financial and Philadelphia-based Emerald Stage2 Ventures co-led the round. Osage Venture Partners, Milestone Venture Partners, and LORE Associates — a Philadelphia-based angel investor – also participated in the round. PRESS RELEASE Halfpenny Technologies, Inc., [...]
Canada Pension Plan Investment Board reiterates India investment focus
Vikram Gandhi and his company VSG Capital Advisors have been retained as senior advisors by the Canada Pension Plan Investment Board (CPPIB).
Collegium Pharmaceutical Raises $22.5M
Collegium Pharmaceutical Inc., a specialty pharmaceutical company focused on treatments for chronic pain, has raised $22.5 million in Series B financing. Longitude Capital and Skyline Ventures led the round. Series A investors Frazier Healthcare Ventures and Boston Millennia Partners also participated in the round. PRESS RELEASE Collegium Pharmaceutical, Inc., a specialty pharmaceutical company focused on [...]
Naxos Capital, Sofinnova lead $30m funding round for chemicals company BioAmber
Naxos Capital and Sofinnova were among investors who helped close a $30m Series C funding round for chemicals company BioAmber.
Baird Private Equity Names Pan MD – CORRECTED
Baird Private Equity has named Gordon Pan a managing director. Pan succeeds Paul Carbone, who recently joined the Pritzker Group. In addition, Scott Skie, Baird Private Equity’s chief administrative officer since 2005, has been promoted to chief operating officer. Aaron Rudberg, who joined Baird Private Equity in 2008, has been promoted to partner. -CN PRESS RELEASE [...]
CME, Omani sovereign wealth fund up stake in Saudi energy bourse DME
The Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, and the Chicago Mercantiles Exchange have increased their stake in the Dubai Mercantile Exchange (DME) to enable it to continue growing its business.
Interwest leads $10m series A investment in Integrated Diagnostics
Interwest Partners has led investors in a $10m tranche of series A financing for medical tech company Integrated Diagnostics.
buuteeq Adds $2M – Filing
Seattle-based buuteeq has added $2 million in fresh equity financing, according to a regulatory filing. The company, a developer of a digital marketing system for independent hotels, previously closed a $3.5 million Series A round from angel investor Geoff Entress, Benaroya Capital and other, unnamed investors, peHub reported previously. -CN
Restorando Seals $3.2M
Online restaurant reservation platform Restorando has closed on $3.2 million in Series A financing. Emergence Capital Partners led the round with participation from Latin American-focused fund Kaszek; London-based Atomico; and Storm Ventures. Santi Subotovsky from Emergence Capital and Alex Mendez from Storm Ventures joined Restorando’s board. PRESS RELEASE Restorando, the leading online reservation platform for [...]
Safeguard Scientifics Backs Lumesis
Safeguard Scientifics Inc. announced Wednesday that it had contributed $2.2 million of a $2.5 million Series A round for Lumesis Inc. Stamford, Conn.-based Lumesis is a financial technology company. NextStage Capital and angel investor Jim Ashton also participated in the round. Proceeds will be used for product development, as well as sales and marketing. PRESS [...]