Eamon Murphy
Webster Capital-owned Epic Health Services Inc. has acquired Care Resources, which provides pediatric services for special-needs children. Epic, based only in Texas when Webster first invested in it in 2010, now operates in 17 states.
Mayfield has raised $525 million from its limited partners across two new funds, one of which, Mayfield Select, will target later-stage venture investments, a first for the firm. The other, Mayfield XV, will continue its focus on early-stage venture investing.
The Riverside Company has acquired Norvell Skin Solutions, provider of spray tanning systems for salons as well as consumer tanning lotions, as an add-on to its Sunless Inc. platform. Sunless sells automated spray-tanning systems and premium self-tanning products.
Second Opinion ends your day with news Google founders pass the torch, Priceline CEO resigns over office relationship and NY Times CEO faces discrimination allegations.
Cambridge Associates appointed David Druley chairman and chief executive, effective July 1, 2016. Druley, 49, will replace Sandra Urie as part of a long-term succession plan. Philip Walton, 45, will take over from Druley as president.
Slantrange announced its $5 million Series A equity financing, led by The Investor Group. The funding will be used to develop and scale the company's sensor and analytics systems for drone aircraft in agricultural use.
Sunstone Partners, a spin-out of the growth equity team of Trident Capital, closed its first fund with $300 million of total commitments. The firm will focus on healthcare IT, internet and marketing services, cloud and enterprise IT, and cybersecurity.
Lion Capital signed a definitive agreement to acquire a minority stake in brand development company Authentic Brands Group from certain existing shareholders. Authentic Brands Group is a portfolio company of Leonard Green & Partners.
Mercato Partners led a $30 million Series D financing in Stance, a premium apparel company. Other participants included returning investors August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital.
New Enterprise Associates led a $4.5 million Series A funding round for VividCortex, a provider of database analytics software. Previous investors including Battery Ventures and Jaffray Woodriff also participated.