Mohit Daswani has joined JMI Equity as a San Diego-based principal. He previously was a principal with FT Ventures and, before that, an associate with JPMorgan Partners. www.jmiequity.com
Intervale Capital, a buyout firm focused on the oilfield service and manufacturing sector, has closed its debut fund with over $280 million in capital commitments. Champlain Advisors served as placement agent. Intervale has offices in Cambridge, Mass. and Houston, Texas. PRESS RELEASE Intervale Capital, LLC (“Intervale”) has closed its debut buyout fund, Intervale Capital Fund, […]
Bearence Management, a Des Moines, Iowa-based portfolio company of The McCarthy Group, has acquired property and casualty insurer Rosenbloom & Rosenbloom. No financial terms were disclosed. Headwaters MB advised Rosenbloom & Rosenbloom on the deal. www.bearence.com
Warburg Pincus has formed Constitution Medical Investors, a Boston-based acquisition platform focused on the healthcare sector. No financial terms of Warburg's equity commitment were disclosed. CMI will be led by former Cytec senior executives Patrick Sullivan and Daniel Levangie. PRESS RELEASE Constitution Medical Investors, Inc. (CMI), a Boston-based private investment firm focused on healthcare sector-related […]
Thomas Weisel Partners Group has named three new managing directors: Jason Moran and Ralph Sutton to focus on the healthcare sector, and Robert Nabholz to focus on telecom services for investment banking. Moran will be based in San Francisco, and previously was a managing director with Piper Jaffray & Co. Sutton and Nabholz will be […]
Proofpoint Inc., a Sunnyvale, Calif.-based provider of email security and data loss prevention solutions, has acquired Fortiva Inc., a Toronto-based provider of email archiving solutions. No financial terms were disclosed. Proofpoint has raised $86 million in VC funding since 2003, from firms like raised Benchmark Capital, Bridgescale Partners, DAG Ventures Inventures Group, JAFCO Ventures, […]
AIG Highstar Capital has agreed to sell its 50% interest in Intergen NV to Indian infrastructure developer GMR Infrastructure Ltd. No financial terms were disclosed. InterGen is a global power generation company based in The Netherlands. It was acquired in 2005 by Highstar and Ontario Teachers’ Pension Plan. PRESS RELEASE AIG Investments and […]
Daryl Overholt has been named CEO of Aztek Networks, a Boulder, Colo.-based provider of emergency standalone switching products. He previously was controller of Sequel Venture Partners, which is one of Aztek's investors. PRESS RELEASE Aztek Networks (http://www.azteknetworks.com), the leader in Emergency Stand Alone (ESA) equipment for enabling network switch collapse, today announced the appointment […]
GDCM, a London-based provider of data center management solutions, has raised a “multi-million dollar” investment from Balderton Capital. The financing will be used to help financing international growth. PRESS RELEASE Leading Data Center Management Company, GDCM, has secured a multi-million dollar investment from Balderton Capital, the leading international venture capital firm. The investment will […]
Advanced ICU Care, a St. Louis-based provider of telemedicine intensivist services provider, has raised $5 million in Series B funding. Versant Ventures led the round, with managing director Barbara Lubash taking a board seat. www.icumedicine.com