Connie Loizos
BioClinica, a Newton, Pa.-based clinical trials management company, and JLL Partners, a New York private equity firm, announced that they've successfully completed the tender offer by BC Acquisition Corp., an affiliate of JLL Partners that last month began a $7.25 per share offer for all outstanding shares of BioClinica. In January, JLL agreed to acquire BioClinica for $123 million.
Critics say Marissa Mayer's high standards are hampering Yahoo's already challenged ability to fill vacancies; another day, another $17 million in the pocket of Google CEO Larry Page; and tweeting for money? The Feds want you to disclose it. And so much more!
Every now and then, investors turn their attention to the so-called brain health market. But the industry – which encompasses everything from consumer-friendly assessment tools, to computerized cognitive behavioral therapy offered by healthcare providers, to software that helps sports teams detect traumatic brain injuries -- is still relatively small.
While Sheryl Sandberg leans in, Marissa Mayer lies low, another CEO steps down abruptly (this time, it's Peter Stern of the link-tracking analytics company Bitly), and PE firms are returning record levels of cash to their LPs. And so much more!
Green Innovations, a Miami, Fla.-based distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, has added Philip Rundle to its strategic advisory board. Rundle spent 16 years with the consumer goods giant Kimberly-Clark, including as marketing director and business unit director for South Africa and the U.S.
Tech Valley Communications, an Albany, N.Y.-based telecommunication service provider operating networks in New York and Northern New England, has hired Patrick Coughlin as its senior VP of sales and marketing. Coughlin previously held the same position at the backhaul provider Fibertower.
Matrix Partners, the Palo Alto, Calif.-based venture firm, has brought aboard a new general partner. Jared Fliesler joins the firm from the privately held payments company Square, where he served as VP of user acquisition and business operations. Prior to Square, Fliesler was an executive with Slide and is credited with helping to negotiate the company's $200 million sale to Google in 2010.
Alpine Data Labs, a San Mateo, Calif.-based maker of Web-based, collaborative workflow software, has named Joe Otto as president and CEO. Otto was most recently a senior vice president of sales and services for Greenplum, a company acquired by EMC in 2010. In 2011, Alpine raised $7.5 million in Series A funding from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company has also received funding from Stanford University.
Lincoln, Nebraska-based Neebo, a large textbook supplier with over 250 college bookstores around the country, has paid $27 million on its senior secured loan term and obtained financing of up to $80 million, the company announced today.
Like many venture firms that surfaced in the go-go days of the late ‘90s, Blueprint Ventures, a South San Francisco based firm that focused on IP spinouts, eventually failed to continue attracting sufficient LP interest and began winding down three years ago.