Connie Loizos
Mitchell, a San Diego-based insurance claims management company, has acquired National Health Quest (NHQ), an out-of-network payment services provider, and will manage it as a separate dvision from NHQ’s Redondo Beach, Calif., headquarters. Terms of the deal were not disclosed. PRESS RELEASE: Mitchell, a leading provider of technology, connectivity and information solutions to the Property […]
Atlanta-based Mueller Water Products is selling U.S. Pipe, which makes pipes, fittings, valves, hydrants and related products, to the Chicago-based private equity firm Wynnchurch Capital for $89.8 million in cash, subject to post-closing adjustments. Comvest Group, a private equity firm based in West Palm Beach, Florida, is helping to shepherd the transaction. PRESS RELEASE: Mueller Water […]
Arlon Group, a New York-based private equity firm focused on food and agriculture, has announced plans to acquire a majority stake in 11-year-old Wholesome Sweeteners, a Sugar Land, Texas-based organic sweetener supplier. Terms of the deal aren’t being disclosed. PRESS RELEASE: Arlon Group, a private equity firm focused on food and agriculture, has entered into […]
NewsiT, a mobile ‘crowd-reporting’ platform based in Washington, D.C., has raised $500,000 in seed funding from individual investors who include Sandra Kresch, managing director or of Golden Seeds, and Chrisman Iribe, the CFO of Scaleform and former president and COO of PG&E. The company, founded by former journalist Melinda Wittstock in 2010, invites users to collaborate […]
Ann Arbor, Mich.–based Molecular Imaging, a specialty contract research organization (CRO) providing in vivo preclinical imaging services to the pharmaceutical and biotechnology industries, has closed a $9.9 million Series A round. Part of the financing came from a $2.5 million investment from Beringea, through the $185 million InvestMichigan! Growth Capital Fund, and another $350,000 came from […]
Brown Gibbons Lang, a middle-market investment banking firm, and the M&A advisory firm Global M&A, advised Italian lighting tower producer Tower Light on its majority stake sale last month to Ambienta, a private equity group that is based in Milano, Italy and focused on the environmental sector. Ambienta acquired 82 percent of the outstanding shares of […]
Venky Ganesan, a managing director in the Palo Alto office of venture firm Globespan Capital Partners, is known for his expansive smile. He has good reason to be wearing one today, too. In 2006, on behalf of his firm, Ganesan led the Series B round of Amobee, a mobile advertising startup. Last night, Singapore Telecommunications, the […]
McCarthy Capital, an Omaha, Nebraska-based middle-market private equity firm, has hired Michael McGovern as a principal, working out of the firm’s Boston office. McGovern joins McCarthy from Wincove Capital, a lower middle market PE firm that he cofounded in 2008. Previously, McGovern was a partner at Hampshire Equity Partners, a NY-based PE firm where he spent […]
DataCede, a Princeton, N.J.-based consulting and outsourced processing firm catering to insurance carriers, reinsurers, government regulators and state agencies, has completed its acquisition of Strategic Initiatives Management Group. Terms of the deal were not disclosed but as part of the transaction, Holly Bakke, once New Jersey’s Commissioner of Banking and Insurance a founder of Strategic Initiatives […]
FocalPoint Partners, an L.A. and Chicago-based investment bank, has hired Muizz Kheraj, head its technology, media, and telecom practice. Kheraj spent the last five years in the technology/media/telecom and business services practice at McGladrey Capital Markets. PRESS RELEASE: FocalPoint Partners, an independent investment banking firm with offices in Los Angeles and Chicago, today announced the addition […]