Angela Sormani

Mid-market private equity firm Genstar Capital, is to acquire the LexisNexis Insurance Software Solutions business, a provider of software and services to the property and casualty insurance industry. The transaction is subject to customary government approvals and closing conditions and is expected to be completed in the fourth quarter. PRESS RELEASE Genstar Capital, LLC, a […]

Ohio private equity firm Riverside Co. has dealt its Media Source, a children’s literature specialist, the PE firm announced. It is Riverside’s fifth exit of 2011. PRESS RELEASE Riverside has completed its fifth exit of 2011 with the sale of Media Source, Inc. (MSI). Based in Plain City, Ohio, MSI is the parent company of […]

Shareholder Representative Services, a post-closing expert for private company mergers and acquisitions, has expanded in the Northeast with the hire of Amanda Jackson as director of business development for the region. Jackson, based in Boston, will closely manage SRS’ relationships with the M&A community, including private equity and venture capital clients, M&A attorneys, investment bankers […]

Salix Pharmaceuticals said it would buy privately held Oceana Therapeutics for $300 million in cash to gain access to Oceana’s urology treatments, wrote Reuters. Oceana Therapeutics is backed by New Enterprise Associates, Domain Associates and Quaker Bioventures. (Reuters) – Salix Pharmaceuticals Ltd said it would buy privately held Oceana Therapeutics for $300 million in cash […]

AVOS Systems, led by YouTube founders Chad Hurley and Steve Chen, has acquired link-saving service Trunk.ly. The service was founded in December 2010 by Tim Bull and Alex Dong and is focused on making the bookmarking process more automated and supported by intuitive search. PRESS RELEASE AVOS Systems, which recently re-launched Delicious.com and is led […]

Sonoco, a global packaging companies, has acquired Tegrant Corporation, a leading provider of highly engineered protective, temperature-assured and retail security packaging solutions, from Metalmark Capital for $550 million. CORRECTION: An earlier version of this story misstated Metalmark’s holdings in the headline. PRESS RELEASE Sonoco, one of the largest diversified global packaging companies, today announced that […]

CrunchFund and the Tech Coast Angels ACE Fund have joined as investors in a recently completed funding round for YouMail, a provider of cloud-based, enhanced telecommunications services. This brings total investment raised by YouMail since 2007 to nearly $13 million. Headquartered in Irvine, Calif., YouMail is also backed by VantagePoint Capital Partners and Siemer Ventures. […]

Danish firm SSP Technologies Holding ApS, a portfolio company of Ventizz Capital Fund IV, LP has ended a legal dispute with PNE Wind AG via an amicable settlement. The dispute, which began in 2009, was in relation to the acquisition of SSP in 2008. Ventizz IV has also announced it is taking over the Nautilus […]

Chrysalix Energy Venture Capital has backed GaN Systems, a provider of next generation power conversion semiconductors for cleantech applications. The firm’s investment from its CELP III Fund led the Series A round for the start-up and is joined by Rockport Capital. PRESS RELEASE Today, Chrysalix Energy Venture Capital, the world’s most active cleantech venture capital […]

ACG Boston, the Boston Chapter of the Association for Corporate Growth (ACG) , has appointed two new board members: Jay Hernandez, director, Boston office Harris Williams & Co., and Kevin Kester, managing director, Siguler Guff. the firm also announced that Jack Derby, president, Derby Management LLC, is leaving his position as ACG Boston’s board chairman. […]