Jonathan Marino

Visible Assets just boosted its visibility. The tracking-technology company just added Richard A. Clarke to its board of directors and is seeking as much as $20 million from VC backers, which would bring its aggregate cash raised to nearly $50 million. Today, Visible Assets announced Clarke would join its board. The addition of the former senior White House homeland security and counter-terrorism advisor and chairman and CEO of Good Harbor Consulting may help the New Hampshire-based real-time security tracking device company procure more federal contracts. But Visible Assets' tracking products

Mu Sigma, the Chicago-based provider of analytics services, revealed it took a $25 million Series C from Sequoia Capital, the California-based VC. Shailendra Singh, a managing director at Sequoia, worked on the transaction. FTV Capital is among Mu Sigma’s other investors.

Ernest Waaser has been appointed CEO and director at Systagenix Wound Management, a UK-based wound care provider. Steve Atkinson, the departing CEO, will continue to work with One Equity Partners as a consultant and advisor on medical device investments. One Equity counts Systagenix—formerly Johnson & Johnson’s wound care business—among its healthcare and medical device portfolio companies.

Empeiria Capital, the New York-based fundless sponsor, sold an investment it made in 2006 to National-Oilwell Varco, Inc., a listed, Houston-based drilling equipment provider, sources said. Empeiria Capital sold its Conner Steel Products Holdings Co., a manufacturer of storage tanks, to National Oilwell Varco. Empeiria Capital led an investor group that acquired Conner Steel in […]

Wicked Deals: Beantown loyals help Groupon’s revenue base Steve! As Apple’s latest product—its new cloud—continues to gain hype, CEO Jobs is expected to speak Bad News: 247wallst.com says the next recession has begun Taking Their Sweet Time: The story of Nelson Obus, who’s been battling the SEC for nearly a decade

It’s tough to tune into an economics debate on TV these days without seeing a split screen and pundits on each side of it arguing the merits and metrics of a third round of quantitative easing. QE3 might come as early as this summer and—depending on which side of the screen you listen to—is necessary to save the U.S. economy from getting sucked into the European Union’s fiscal downdraft, or is yet another wrongheaded call to punt the proverbial can only further into the future. Aside from the debate around QE3—every day, we seem closer to needing it. It is the timing of its implementation that will drastically impact private equity firms’ investment strategies and capacity to achieve attractive lending terms. However, PE pros have no tea leaves to definitively....

PE’s Jake & Elwood: What won’t the Gores boys try and buy into? Drill, Baby! OPEC says greater oil output needed Dollar General: Shares take a slide, but 247wallst.com argues for why investors (and, PE buyers) want to take a second look at the discount champ Thank Goodness! Shares get a boost before jobs data

LivingSocial, one of the leading U.S. online daily deals operations, expanded into Europe with the acquisition of French daily deal site Dealissime.com. The transaction brings to 13 the number of countries in which LivingSocial operates. Specifics of the transaction were not publicized. Among LivingSocial’s backers are Grotech Ventures, Steve Case, US Venture Partners, Lightspeed Venture […]

Charles Costenbader will join Tangent Energy Solutions, the Pennsylvania-based on-site energy supply manager. Costenbader has formerly worked with Macquarie Energy and GE Capital.

Minnesota private equity firm Tonka Bay Equity Partners completed a dividend recapitalization of its portfolio company, Circuit Check Holdings, which provides test solutions for printed circuit board assemblies. Specifics on the transaction were not publicized, but Tonka Bay and other Circuit Check shareholders get a cut and the rest will be used to fund growth.