Nasdaq-listed AMICAS, Inc. an image and information management solutions company, responded Merge Healthcare Inc.'s acquisition proposal. AMICAS Board of Directors has considered and publicly rejected Merge's acquisition proposal, and the company restated its support its previously agreed-upon deal to sell to Thoma Bravo for $217 million.
Adura Technologies, a provider of wireless lighting control and energy management, today announced $12 million in new funding. NGEN Partners led the round, which includes return investors VantagePoint Venture Partners and Claremont Creek Ventures.
RedPrairie Holding, Inc., a logistics consultancy company based in Milwaukee, has agreed to be acquired by New Mountain Capital, L.L.C., a New York-based private equity firm, for an undisclosed amount. The company, owned by Francisco Partners, filed for a $172.5 million IPO in November 2009. The company had approximately $194 million in revenue for the first nine months of 2009, and net income of $12.45 million. Francisco Partners acquired RedPrairie in 2005, and currently holds an 89.7% equity position.
Eseye Limited, a UK-based supplier of GPRS and 3G connectivity, secured a seed investment from an undisclosed syndicate of private investors. This investment enables Eseye Limited to accelerate commercial deployment of its M2M+ platform into the rapidly growing cellular M2M markets both in the UK and internationally. The company was started by the founders of […]
Seahorse Bioscience, Inc., a Billerica, Mass.-based medical instrument company, closed a $5 million round of financing. Investors in the Series D round included Commonwealth Capital Ventures, FLIR Systems Inc, Rock Maple Ventures, Life Sciences Partners, Oxford Bioscience Partners, Healthcare Ventures, New Science Ventures and HLM Venture Partners.
Bahrain-based Islamic investment house Arcapita posted a $159 million second-quarter loss due to a slump in income from placement fees and lower asset valuations after property markets plunged.
Indian financial services group Religare Enterprises Ltd (RELG.BO) agreed to take a controlling stake in private equity firm Northgate Capital, as part of a $1 billion plan to build a global asset management business. Northgate, with $3 billion under management, is Religare's first U.S. deal and the Indian company is hoping to end the year with at least $60 billion to $65 billion of assets under management through further acquisitions, Religare Enterprises Chief Operating Officer Shachindra Nath told Reuters.
(Reuters) – U.S. private equity firm Apollo Management [APOLO.UL] is looking to pick up a stake in struggling U.S. jewellery retailer Zale Corp (ZLC.N), the Wall Street Journal said, citing people familiar with the matter. On Feb. 9, Zale had hired investment bank Peter J. Solomon to help it maximise its financial flexibility. Apollo’s investment […]
Religare Enterprises Ltd. has agreed to acquire a majority stake in Northgate Capital, a Danville, Calif.-based manager of direct and indirect venture capital and private equity funds. No financial terms were disclosed for the deal, which will not result in a change of Northgate Capital management. In related news, Religare said that its board has committed up to $1 billion for "strategic investments in diversified asset management businesses globally."
NEW YORK (Reuters) – Magazine and website publisher Reader’s Digest Association Inc emerged from bankruptcy after cutting debt by 75 percent, the company said on Monday. Reader’s Digest, which filed for Chapter 11 protection from creditors in August, comes out of bankruptcy with $525 million in exit financing and a new board of directors that […]