wpengine
Sutus Inc., a Vancouver-based maker of an integrated communications device for office management, has raised C$2 million in new VC funding from BDC Venture Capital and a fund managed by Growthworks Capital. The company has also secured C$2.5 million in venture debt from MMV Financial and named Mike Donnell as its new CEO. Donnell previously ran New Global Telecom.
The Compliers Group International BV, a Dutch provider of pharma packaging solutions that contain microchips to monitor a patient’s therapy compliance, has raised an undisclosed amount of private equity funding from DSM Venturing, a unit of Royal DSM NV.
Timothy Biro, managing partner of Cleveland-based VC firm Ohio Innovation Fund, has been charged with vehicular homicide. Police allege that Biro ran over a bicyclist on Tuesday night, and did not stop until being pulled over several miles away. They add that he had a small amount of alcohol in his system, but not above […]
Lars Ekman has joined Sofinnova Ventures as a San Diego-based executive-in-residence. He previously was with Elan Corp., where he served as executive VP and president of global R&D.
RPX Corp., a San Francisco-based provider of patent acquisition services, has raised an undisclosed amount of first-round funding from Kleiner Perkins Caufield & Byers and Charles River Ventures. The company’s specific offering will be unveiled next month.
Weinberg & Bell Group of Cleveland has sponsored a leveraged recap of Carl's Patio Inc., a Coconut Creek, Fla.-based retailer of luxury outdoor furniture and accessories. TriState Capital Bank and The PrivateBank and Trust Co. provided senior financing, while Brown gibbons Lang & Co. advised Carl's Patio. No pricing terms were disclosed. PRESS RELEASE […]
Clayton, Dubilier & Rice has agreed to acquire materials testing business Bodycote Testing Group from Bodycote PLC. The deal is valued at approximately Gbp417 million, with CD&R operating partner Fred Kindle PRESS RELEASE Clayton, Dubilier & Rice (“CD&R”), a global private equity firm with a strategy of building and growing the businesses in […]
SINGAPORE (Reuters) – Private equity firms 3i Group (III.L: Quote, Profile, Research, Stock Buzz) and CVC Capital are among the bidders for Fraser & Neave's (FRNM.SI: Quote, Profile, Research, Stock Buzz) printing and publishing business, which may sell for at least $400 million, sources said. The first round of the auction of the unit, which […]
Osum Oil Sands Corp., a Canadian bitumen extraction company, has raised C$275 million in private equity funding, at a price of C$10.50 per share. Warburg Pincus led the transaction, and was joined by The Blackstone Group. PRESS RELEASE Osum Oil Sands Corp (“Osum”), a privately-held company focused on bitumen extraction, today announced that […]
MELBOURNE (Reuters) – Mexico's Cemex (CX.N: Quote, Profile, Research, Stock Buzz) is likely to attract a long list of bidders for its Humes business in Australia, which could be worth more than A$400 million ($348 million), as a local infrastructure construction boom drives demand for its concrete pipes, arches and bridge parts. But a global […]