Iris Dorbian
Mercia Fund Management has named Mike Hayes to head its new digital and e-commerce division. Previously, Hayes worked at SEGA Europe and SEGA of America. Based in the UK, Mercia Fund Management is a venture capital fund manager.
Applied Optoelectronics said Thursday that it has priced its IPO of 3.6 million shares at $10 per share for a total value of $36 million. The stock is expected to trade on the NASDAQ on September 26, 2013 under the ticker symbol AAOI. Raymond James and Piper Jaffray & Co. are underwriting the IPO with Cowen and Company and Roth Capital Partners serving as co-managers. The company's shareholders include Technology Associates Management. Based in Sugar Land, Texas, Applied Optoelectronics is a provider of fiber‑optic networking products.
Platinum Equity said Thursday that it has bought HomeDirect from Transportation Resource Partners and will merge this business with MXD Group, a portfolio company. No financial terms were disclosed. Based in Hillside, Illinois, HomeDirect is a customer-focused home delivery company. MXD Group is a provider of delivery solutions for North American retail brands.
TCP Capital Corp. said Thursday that it has priced its IPO of 3.8 million shares at $15.76 per share for a total value of approximately $59.9 million. The offering is expected to close on or near October 1, 2013. Deutsche Bank Securities Raymond James, Keefe, Bruyette & Woods. and RBC Capital Markets are underwriting the IPO. Based in Los Angeles, TCP Capital Corp. is a middle-market lender.
Gazelle said Thursday that it has named Roger Neal as senior vice president of corporate strategy and business development. Previously, Neal worked at NYC Media Lab. Based in Boston, Gazelle is a consumer electronics trade-in site. It is backed by Venrock Associates, RockPort Capital Partners, Physic Ventures and Craton Equity Partners.
Praesidian Capital said Thursday that it has promoted Alex Massimo to associate and hired Thomas J. O’Donnell as an analyst. Prior to joining Praesdian Capital, Massino worked at UBS Investment Bank while O'Donnell was at Nomura Securities International. Based in New York City, Praesidian Capital is a provider of mezzanine capital for small and mid-sized companies.
Florida-based angel investor group New World Angels said Thursday that it has sold its portfolio company Consult A Doctor to Teledoc. No financial terms were disclosed for the transaction, which closed on August 30, 2013. Headquartered in Miami, CADR is a provider of 24/7 patient access to licensed physicians anywhere.
Mid Europa Partners, a private equity firm focused on buyouts in Central and Eastern Europe as well as Turkey, said Thursday that it has acquired a majority stake in Kolej Gondolowa Jaworzyna Krynicka from Polish financial institutions PZU and PKO BP. No financial terms were disclosed. The transaction, which was completed through PKG, is an add-on to Mid Europa's recent buy of PKL. Vienna Capital Partners was one of Mid Europa's advisors in this deal. Based in Krynica, Poland, Jaworzyna Krynicka is a ski lift operator.
Tampa, Fla-based Stonehenge Growth Equity Partners has raised $40 million in the first close of its new VC fund. The pool focuses on high-growth tech and business service companies in Florida and the Southeast.
Private equity firms Parallax Capital Partners and StepStone Group said Wednesday that they have acquired a majority stake in IdenTrust. No financial terms were disclosed. Based in San Francisco, IdenTrust is a provider of security solutions for businesses.