Eye-popping late-stage rounds that went to a handful of smart grid companies from 2008 to 2010 have been replaced with smaller fundings, but VCs say that’s no reason to get down on the space. If big strategics keep helping VCs rack up billion-dollar exits, expect cash to keep flowing and growing into smart grid startups. […]
Vibrant Media, the online advertising service, will buy Image Space Media. The deal was described as part of the company’s “mission” under CEO Cella Irvine to expand contextual solutions. Vibrant Media has raised more than $20 million from investors including Fortis and ABS Ventures, Image Space has raised less than $5 million and is backed by New Atlantic Ventures, among others.
David Grylls, Nick Luckock and Natalie Kolbe have been promoted from director to partner with Actis, the private equity investor. Grylls, who covers energy, and Luckock, who is on the financial services team are based in London and Kolbe is based in Johannesburg.
Private equity firms Apollo Global Management and Riverstone Holdings have teamed up to bid around $7 billion for all of El Paso Corp's exploration and production assets, Reuters wrote, citing people familiar with the matter. El Paso's oil and gas assets include acreage in the Eagle Ford field of south Texas, one the most lucrative producing areas in the country, Reuters wrote.
Publicly traded Constant Contact Inc. has acquired privately owned CardStar Inc. Boston-based CardStar is a developer of mobile applications that extend the use of loyalty cards and mobile coupons for consumers. Terms of the deal were not released. CardStar was backed by investors including Amplifier Venture Partners, Acta Wireless and LaunchCapital.
Ventizz Capital Fund IV L.P. has invested an undisclosed amount in Rioglass Solar Holding, a manufacturer of solar reflectors for the application in concentrating solar power plants. The investment was made together with funds managed by Partners Group.
Evenflo Company, a Weston Presidio portfolio company, is selling its worldwide feeding business, excluding its Ameda breast pump business, to Kimberly-Clark de México, the company announced. Financial terms of the deal, which is expected to close by the end of January, were not released.
Fifteen-year-old HealthGrades, a health care ratings company based in Denver, has announced two related senior management changes: founder and CEO Kerry Hicks will become chair of HealthGrades’s board of directors; meanwhile, current chair Roger Holstein will become CEO, assuming responsibility for the company’s day-to-day operations. HealthGrades was acquired by an affiliate of the private equity […]
Houston-based Distribution International (DI) Holdings has appointed Robert Rayner to its board of directors. DI distributes marine insulation and related specialty fabricated products. Mr. Rayner previously served as president and CEO of Specialty Products & Insulation (“SPI”), a distributor of insulation and architectural products. DI is a portfolio company of Boston-based Audax Group. PRESS RELEASE: […]
(Reuters) – Zynga Inc said it bought four small mobile game companies for an undisclosed sum as the top maker of Facebook games seeks to expand its lineup on smartphones and tablets. The company’s top mobile executive David Ko told Reuters on Wednesday it had acquired German company Gamedoctors in December. Gamedoctors, based in Bielefeld […]