Angela Sormani
Mexican VC firm Alta Ventures Mexico, has sold its stake in Rhomobile to Motorola Solutions. In April 2011, Alta Ventures Mexico led the Series A financing into Palo Alto-based Rhomobile as part of its cross-border portfolio strategy and successfully exited the investment on July 29, 2011. Terms of the transaction were not disclosed. PRESS RELEASE […]
Mid-market private equity firm Centre Partners has acquired Den-Mat Holdings in partnership with medical and dental device investment advisor Mill Street Partners LLC. Den-Mat offers a wide range of professional dental materials and supplies. The business will be led by a new management team consisting of Chief Executive Officer Steve Semmelmayer, Chief Operating Officer Robert […]
Global recruitment agency CTPartners has appointed Nicole Phillips as a principal in the retail and consumer practice. She specializes in the fashion, retail, consumer and beauty industry sectors, recruiting across a broad range of disciplines including CEOs, general management, marketing, sales, operations, stores, creative and merchandising. PRESS RELEASE CTPartners (AMEX: CTP), a leading global retained […]
Paladin Capital has been licensed by the Dubai Financial Services Authority to operate as an authorized firm in the Dubai International Financial Centre. The firm’s objective is to launch a variety of private equity funds tailored to the region’s markets that will help promote growth and job creation. PRESS RELEASE Paladin Capital (Middle East) Limited […]
Mobile “shopping discovery” app Zoomingo has secured $1.3 million in financing from two early stage venture capital firms – Naya Ventures and Benaroya Capital – as well as several prominent angel investors. The funding round is the first for the Seattle-based startup. It will be used to enhance the current application, build a retailer platform, […]
Avraham Pharmaceuticals has secured a US $3 million financing round from Yissum Research Development Company, Pontifax, Clal Biotechnology Industries (CBI), Technion Research and Development Foundation Ltd (TRDF), Professor Marta Weinstock-Rosin and others. This investment round follows a U.S. $9 million financing led by Yissum, Pontifax and CBI, which was completed and announced in April, 2010. […]
Leonardo Biosystems, an emerging drug delivery company, has received the second half of a $2.5 million award from the Texas Emerging Technology Fund (TETF). The initial investment tranche was received in April 2010. Leonardo was founded based on the breakthrough multi-stage drug delivery technology of Dr. Mauro Ferrari, President of the Methodist Hospital Research Institute […]
Venture capital firm IDG has agreed to buy 22 percent of handbag maker Sitoy shares on offer and Milan-based Prada is purchasing 19.6 percent said IFR, a Thomson Reuters publication. Founded in 1968, Hong Kong-based Sitoy makes handbags and leather goods for Prada and other global brands. (Reuters) – Italian fashion house Prada SpA, whose […]
Citadel Capital SAE, a private equity firm focused on the Middle East and Africa has received formal Board approval for a new ten-year, US$ 150 million financing facility from the United States Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution. Of the total amount, $125 million is designated for investment in Egypt. […]
Morgan Stanley‘s Asia private equity arm is in talks to buy a majority stake in Chinese packaging firm HCP Holdings Inc, according to Reuters sources. The deal that could value the company at about $500 million, wrote Reuters. PRESS RELEASE (Reuters) – Morgan Stanley’s Asia private equity arm is in talks to buy a majority […]