Connie Loizos
Boise, Idaho-based Prosperity Organic Foods, maker of “organic butter replacement” spreads, has raised an undisclosed amount of seed financing led by angel investors from the Boise Angel Alliance, Frontier Angel Fund and the Sun Valley area. The company’s flagship products are made from fruit- and plant-based organic oils, including virgin coconut, flaxseed, hi-oleic sunflower, palm fruit, and […]
Bolder Capital, formed through a co-investment relationship with the Edgewater Funds and JZ Capital Partners, has formed a new company with healthcare entrepreneur Michael Shea. Called Bolder Healthcare Solutions, the Louisville, Kentucky-based company will be built by acquiring companies that focus on the healthcare revenue cycle; Shea will serve as its CEO. PRESS RELEASE: Bolder […]
L Capital Eco, a New Delhi-based subsidiary of the $640 million private equity fund L Capital Asia, has signed an agreement to invest about Rs 108 crore, or roughly $19 million, in the Indian theatrical chain PVR. L Capital Asia is backed by the luxury goods groups Louis Vuitton Moët Hennessy (LVMH) and Group Arnault, the […]
Kansas City, Missouri-based communications company Unite Private Networks (UPN) is acquiring a fiber-optic network from Zito Media for an undisclosed amount of money. The network covers southeast Nebraska. PRESS RELEASE: Unite Private Networks (UPN) today announced an agreement with Zito Media for UPN to acquire an 838 route mile fiber-optic network covering southeast Nebraska and […]
AdeTherapeutics, a Canadian company focused on developing products that reduce fibrosis, or scar tissue complications relating to surgery, announced today that it has retained San Francisco-based Beal Advisors, a boutique investment bank, to evaluate its strategic options. PRESS RELEASE: AdeTherapeutics, Inc., a world leader in developing products that reduce fibrosis or scar tissue (adhesion) complications […]
In what the company is characterizing as one of the largest land purchases in the history of Lee County, Fla., Private Equity Group has purchased parcels totaling 5,187 acres from Alico-Agri, a subsidiary of the publicly traded, Florida-based agribusiness Alico. Private Equity Group is a private equity fund based in Fort Meyers, Fla. Terms of […]
The Atlanta-based modular carpet maker Interface is selling its Bentley Prince Street division to the private equity firm Dominus Capital in a transaction valued at $35 million. L.A-based Bentley Prince as been part of Interface since 1993 and is best known for its broadloom rugs. PRESS RELEASE: Interface, Inc. IFSIA +7.11% , the world’s largest […]
GraphOn, a publicly traded, Campbell, Calif.-based maker of software that allows its users to access their applications remotely, has named Sam Auriemma to its board. Auriemma was most recently executive vice president and CFO of MSC Software. PRESS RELEASE: CAMPBELL, Calif., Jul 26, 2012 (BUSINESS WIRE) — GraphOn Corporation GOJO +0.69% , a leading worldwide […]
LLR Partners and WellPoint have invested an undisclosed amount in Physicians Immediate Care, a Rockford, Ill.-based chain of 20 independently owned medical clinics in the Midwest. LLR is a middle market private equity firm; WellPoint [rovides insurance under the Blue Cross and Blue Shield brands in 13 states PRESS RELEASE: LLR Partners, a middle market private […]
CVR Energy, a Sugar Land, Texas-based refiner and marketer of petroleum fuels, has ended a 60-day sale process intended to separate the company from its majority ownership of nitrogen fertilizer producer CVR Partners. The company did not receipt a bona fide offer, it says. PRESS RELEASE: CVR Energy, Inc. (“CVR”) CVI -0.07% , a refiner […]