Lewisville, Texas-based CareView Communications, which is traded on the over-the-counter Bulletin Board, has raised $20 million from HealthCor Partners Management and HealthCor Management. The financing includes senior secured convertible notes and common stock purchase warrants. HealthCor is an investment manager in the healthcare and life sciences sectors. CareView provides information technology services for the healthcare industry.
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Buyout shop Eigen Capital has acquired Plews Inc., a former subsidiary of British industrial conglomerate Tomkins Ltd. Financial terms of the deal were not released. Plews is a distributor of automotive and industrial replacement parts. Medley Capital and ABL provided debt financing for the deal.
Momentive Performance Materials Holdings, a chemical manufacturer owned by Apollo Management, has filed to raise up to $862.5 million in an initial public offering, Reuters reported. Apollo owns about 89.5 percent of Momentive. GE Capital Equity Investments Inc. owns about 8.9 percent of the company. Momentive makes thermosets, silicones and silicone derivatives and has over 104 manufacturing facilities.
The Riverside Co. said Thursday it has promoted 25 employees, including Kai Koeppen to managing partner. Chris Jones, of the Cleveland office, was made a partner for the Riverside Capital Appreciation Fund while Anne Hayes, of New York, was also named a partner for capital markets.
Monomoy Capital Partners said Thursday that it has bought Steel Parts Manufacturing from Resilience Capital Partners. Financial terms weren't announced. Tipton, Ind.-based Steel Parts makes components for automotive transmissions and other motion applications.
SINGAPORE, April 18 (Reuters) - Black River, the private equity arm of U.S. agribusiness and trading giant Cargill, is raising a $400 million fund to invest in firms that will benefit from rising Asian demand for meat and vegetables. The proposed Black River Capital Partners (Food) Fund, which has already received about $200 million in commitments, expects to invest about half the money in China, where people are eating more protein and fruits and less cereal and tubers.
UBM Medica has sold the Consultant Print Group to HMP Communications. Financial terms were not announced. HMP's investors include Alta Communications and Susquehanna Private Equity Investments. News of the deal was announced by Berkery Noyes which advised UBM.
Moelis Capital Partners said Thursday that it has appointed Lex Leeming as head of business development based in New York. Leeming will source and qualify public and proprietary investments. Previously, Leeming was a principal with Park Avenue Equity Partners.
The Blackstone Group on Thursday reported a first quarter profit while firm executives said the results were the best since Blackstone went public four years ago. New York-based Blackstone said net income was $42.7 million for the quarter ended March 31, compared to a $121.4 million loss for the time period in 2010. Total segment revenues were about $1.2 billion, up 64% from $701 million in 2010.