Connie Loizos
Five-year-old PaxVax Corp., a Menlo Park, Calif.-based company that develops oral vaccines against infectious diseases, is announcing numerous appointments today, including: Nima Farzan as executive vice president and chief operating officer; Thomas Monath as chief technology officer; and Jonathan Smith as executive vice president and chief science officer. Farzan joins PaxVax from Novartis, where he […]
Checkpoint Surgical, a Cleveland, Oh.-based neurostimulation company, has raised a $1.7 million Series B round of funding led by its main investor, NDI Healthcare Fund. NDI also runs the neurotechnology incubator that helped start Checkpoint. Three-year-old Checkpoint, whose flagship product is a muscle stimulator that helps surgeons locate and evaluate nerves during surgery, has also secured a […]
Appcelerator, a Mountain View, Calif.-based mobile platform company, is acquiring Cocoafish, a so-called cloud service that lets developers build top network features into mobile apps without writing any server code. Terms of the deal aren’t being disclosed. Cocoafish, founded in late 2010, never disclosed any outside funding. Appcelerator, founded in late 2006, raised a $15 […]
J.F. Lehman & Co., a New York-based, middle-market PE firm that focuses on the maritime, defense, and aerospace sectors, is acquiring National Response Corp. from publicly traded SEACORP Holdings, along with some of SEACORP’s other environmental business assets. NRC, based in Great River, New York, is an environmental contracting firm that sells environmental, industrial, and […]
Virtacore Systems, a Sterling, Va.-based provider of hybrid clouds backed by Insight Venture Partners, has brought aboard Phill Lawson-Shanks as CTO. Lawson-Shanks previously served as the chief strategy officer of Nimbus Exchange and as chief strategy officer at Alcatel-Lucent. . He also spent many years with Compaq Computer in both Europe and the U.S. PRESS RELEASE: Virtacore […]
Platinum Equity, the L.A.-based private equity firm, is buying medical imaging equipment seller and distributor DMS Health Technologies from its parent company, Otter Tail Corporation. Terms of the deal aren’t being disclosed. DMS is a distributor of Philips Healthcare diagnostic imaging equipment and patient monitoring equipment in the upper Midwest; sells supplies and accessories, and reconditioned […]
Spinnaker Coating, a Troy, Oh.-based maker of adhesive coated paper used in product labeling and other things, has been sold to its 250 employees by prior investors. The transaction has turned Spinnaker into an S Corporation ESOP that allows current and future employees to obtain a beneficial ownership interest in the company without making a […]
San Leandro, Calif., based Pasteurization Technology Group, whose wastewater disinfection process creates renewable energy, has raised $1 million from EIC Ventures, the investment arm of Canada-based Concorde Group. PRESS RELEASE: Pasteurization Technology Group (PTG), innovator of the only wastewater disinfection process that creates renewable energy, has secured a $1 million investment from EIC Ventures, an […]
United Silver Corp., a mining company based in Vancouver, has finalized its agreement with New York-based private equity firm Hale Capital Partners, which has issued USC $6 million in secured convertible notes. Proceeds of the loan will be used for working capital and general corporate purposes. PRESS RELEASE: United Silver Corp. (“USC” or the “Company”) […]
Publicly traded SandRidge Energy, an oil and natural gas company headquartered in Oklahoma City, Oklahoma, is planning to acquire Dynamic Offshore Resources for $1.275 billion, consisting of roughly $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share. PRESS RELEASE: SandRidge Energy, Inc. (NYSE: SD) has entered […]