Angela Sormani
Technology investor Mercia Fund Management has backed InoCardia, a UK-based Coventry University spinout providing drug screening services. Mercia Fund Management’s investment will fund the development and commercialisation of a pre-clinical drug testing service for pharmaceutical organisations.
This Tuesday morning First Read brings you news of Blackstone's great Hilton gain and its Patria fund surpassing target, how familiarity breeds in the alternative investment world, Nevada's venture bets and Illinois State Board of Investment recruitment.
On the jobs board this week are associate, chief executive officer, vice president and private equity fund manager positions at Caymus Equity Partners, IFC, Northern Trust and SamCERA.
XMOS has completed a $26.2 million Series D round. Strategic investors joining the round included Robert Bosch Venture Capital of Germany, Huawei Technologies, a global information and communications technology solutions provider and Xilinx Technology Ventures, the investment arm of Silicon Valley-based Xilinx.
European venture capital firm ACTIVE Venture Partners has appointed two new team members. Sebastian Blum joins as partner and Georg Stockinger has been appointed as venture advisor.
Unbabel has raised $1.5 million in funding from venture capital firms and angel investors, including Jared Fliesler of Matrix Partners, Kevin Rose of Google Ventures and others. Unbabel is a Y Combinator company that offers translation services.
Formation Capital and Safanad Limited have acquired fourteen nursing facilities in the mid-Atlantic region for approximately $150 million. The portfolio is comprised of 1,658 beds with eleven facilities in Virginia, two in Maryland and one in Pennsylvania, and is operated by Consulate Health Care, a provider of skilled nursing care.
Summit Partners has backed Independent Vetcare Holdings. Run by and for vets, IVC was formed in 2011 and is a UK-based private veterinary group.
Biotech start-up company NEUWAY Pharma has appointed Dr. Wolfgang Baiker as a new Member of its advisory board. NEUWAY Pharma GmbH was founded in April 2014 as the first spin-off from Life Science Inkubator, Bonn, and secured series A financing from a syndicate led by Wellington Partners.
Silverfleet Capital is to acquire AGR Holdings, the petroleum services division of Oslo-listed AGR Group ASA. Completion will be around end of August.