Mass Relevance Raises $3.3M From Austin, Battery, Floodgate, Allegro, Metamorphic
May 16, 2012
Mass Relevance said it raised a $3.3 million Series A round of funding led by Austin Ventures and including new investor Battery Ventures. Existing investors Floodgate Fund, Allegro Venture Partners and Metamorphic Ventures participated. The Austin, Texas, company will use the new money to expand in the media, entertainment, consumer brands and retailing industries.
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Mass Relevance Raises $3.3M From Austin, Battery, Floodgate, Allegro, Metamorphic
Reuters – DuPont Shortlists Bidders for Car Paint Unit
May 16, 2012
Chemicals maker DuPont has shortlisted four potential buyers for its car paint business after evaluating revised offers received on April 30, according to Reuters . The consortium of Blackstone Group and Bain Capital , the KKR & Co .- Onex Corp . pair, Carlyle Group , and Apollo Global Management have advanced to the next round as DuPont seeks to negotiate with a smaller number of potential buyers, the sources said.
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Reuters – DuPont Shortlists Bidders for Car Paint Unit
Baird Capital Buys e2v technologies Unit
May 16, 2012
Baird Capital Partners Europe has acquired the instrumentation solutions business of e2v technologies plc in a 15 million pound ($23.9 million) deal, the firm announced Wednesday. The acquired business will be re-named SGX Sensortech Ltd. PRESS RELEASE Baird Capital Partners Europe (“Baird”), the UK-based lower middle market private equity investor, announced today that it is acquiring the Instrumentation Solutions business of e2v technologies plc (LSE: E2V LN), the technology engineering solutions designer, developer and manufacturer, in a transaction totalling £15m. ? The acquired business will be re-named ‘SGX Sensortech Limited’ (“SGX”). SGX designs and manufactures sensors that provide environmental, health & safety research and analysis to customers in Europe and Asia including automotive companies Volvo, VW Passat and Renault Laguna.
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Baird Capital Buys e2v technologies Unit
Desalitech Inks $6.25M for Water Treatment
May 16, 2012
Tel Aviv-based Desalitech Ltd. , a provider of water treatment technology, has closed on $6.25 million in new financing. Liberation Capital led the round, which will be used for working capital and expansion efforts. PRESS RELEASE Desalitech, Ltd., a provider of advanced water treatment solutions and technology, announced today that it has secured an equity investment led by Liberation Capital, LLC. The total investment round of $6.25M will be used for expanding Desalitech’s business and working capital
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Desalitech Inks $6.25M for Water Treatment
Wave Accounting Seals $12M Series B
May 16, 2012
Toronto-based Wave Accounting , a maker of free, cloud-based accounting software for small businesses, has closed on $12 million in Series B financing, the company announced Wednesday. New investor Social+Capital Partnership joined existing investors Charles River Ventures and OMERS Ventures in the round. The company closed an earlier round in October, sealing $5 million from OMERS and Charles River. ? ?
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Wave Accounting Seals $12M Series B
Mitralign Inks $35M
May 16, 2012
Tewksbury, Mass.-based medical device company Mitralign Inc. has closed $35 million in Series D financing. Forbion Capital Partners led the round, which included participation from Saints Venture Capital , Oxford Bioscience Partners , Triathlon Medical Ventures , Medtronic Corporation , Johnson & Johnson Development Corp. , Orchestra Medical Ventures , Oakwood Medical Investors , Palisade Capital Management and Giza Venture Capital . Mitralign says it is developing a cardiac device for “percutaneous mitral valve repair.” PRESS RELEASE Mitralign, Inc., a cardiac device company leading the way in percutaneous mitral valve repair, today announced the closing of a $35 million Series D round of funding.
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Mitralign Inks $35M
NuMe Health Inks $1.5M
May 16, 2012
NuMe Health , a biotech startup developing products that modify the bacteria that live in the gastrointestinal tract, has raised $1.5 million in Series A financing. BVM Capital led the round. The company is based in New Orleans. PRESS RELEASE NuMe Health LLC, a biotechnology company developing evidence-based cobiotic™ products that modify the bacteria that live in the gastrointestinal (GI) tract to support health and well-being, today announced that it has closed a $1.5 million Series A financing. NuMe also announced that the company is initiating a clinical trial of its lead cobiotic product, NM504, which is being developed for the prediabetic population to support maintenance of healthy blood glucose levels and metabolic fitness
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NuMe Health Inks $1.5M
Lightspeed China Partners Backs Tujia.com
May 16, 2012
Early stage investor Lightspeed China Partners has put an undisclosed amount of money into online vacation rental company Tujia.com . The Series A round will be used to expand its operations and service capabilities. According to the firm, Tujia.com is the “first online vacation rental services provider in China.” PRESS RELEASE Lightspeed China Partners, a leading China-focused venture capital firm, today announced it has made a Series A investment in Tujia.com, the first online vacation rental services provider in China. With this capital infusion, Tujia will expand its operations and service capabilities to meet increased demand in the emerging online vacation rental market in China, targeting middle to high-end travelers. The round also includes investment participation from CDH Investments as well as travel and vacation rental service providers Ctrip.com International (Nasdaq: CTRP) and HomeAway (Nasdaq: AWAY)
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Lightspeed China Partners Backs Tujia.com
Sonic Healthcare Buys Healthscope for $100M
May 16, 2012
Sonic Healthcare Ltd. , Australia’s top pathology and radiology group, has agreed to buy some pathology assets from private equity-owned Healthscope for A$100 million ($100 million), in what could be a test for the competition watchdog. Hospital operator Healthscope, bought by private equity firms TPG Capital and Carlyle Group for A$2 billion in 2010, said it was looking to sell its weaker units to focus on other parts of its Australian and offshore businesses. ( Reuters ) – Sonic Healthcare Ltd, Australia’s top pathology and radiology group, has agreed to buy some pathology assets from private equity-owned Healthscope for A$100 million ($100 million), in what could be a test for the competition watchdog. ? Sonic shares jumped 2 percent to a 10-month high of A$12.80 after the announcement on Wednesday and last traded at A$12.74, sharply outperforming a 1.3 percent fall in the broader market
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Sonic Healthcare Buys Healthscope for $100M
Reuters – Talbots, Sycamore Extend Exclusivity Period
May 16, 2012
Women’s apparel retailer Talbots Inc. and Sycamore Partners extended the exclusivity period for the private equity firm’s non-binding $214.6 million takeover offer, Reuters wrote Wednesday. Talbots had entered into an exclusivity agreement with Sycamore on May 5 which was due to expire on May 15. This deadline has now been extended to May 22. ( Reuters ) – Women’s apparel retailer Talbots Inc and Sycamore Partners extended the exclusivity period for the private equity firm’s non-binding $214.6 million takeover offer.
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Reuters – Talbots, Sycamore Extend Exclusivity Period
