NEW YORK (Reuters) – The annual reconstitution of the Russell Investments family of global stock indexes next month is expected to bring a further decline in the number of U.S. initial public offerings added to the Russell Global Index while non-U.S. IPOs take up the slack. “This year may mark the largest gap in the […]
LONDON, May 30 (Reuters) – Origo Sino-India Plc (ORIG.L: Quote, Profile, Research), a private equity firm focusing on Chinese and Indian related investments, on Friday posted net profit of 11.3 million pounds ($22.26 million) for the year to December. The AIM-listed firm, in which GLG Parnters (GLG.N: Quote, Profile, Research) holds a 29.6 percent stake, […]
DiVitas Networks Inc., a Mountain View, Calif.-based provider of an enterprise appliance that provides voice and data mobility, has raised $12 million in Series C funding, according to a regulatory filing. Return backers include Clearstone Venture Partners and Menlo Ventures. www.divitas.com
Reservoir Venture Partners of Columbus, Ohio is targeting $50 million for its second fund, according to a regulatory filing. It has already secured over $28 million in commitments from investors like Nationwide Mutual Insurance Co., Huntington Capital Investment Corp. Ohio State University, Battelle Memeorial Institute and the Ohio PERS/CSFB Ohio-Midwest Fund. www.reservoirvp.com
MedVentive Inc., a provider of pay-for-performance software for evidence-based medicine, has raised $3.55 million in Series B funding, according to a regulatory filing. Return backers include HLM Venture Partners, Long River Ventures and Worcester Venture Fund. The company is based in Cambridge, Mass., even though the filing says Boston. www.medventive.com
DebtFolio Inc., a Framingham, Mass.-based provider of personal debt management solutions, has raised over $2.3 million in Series A funding, according to a regulatory filing. Backers include Hub Angel Investment Group. www.debtfolio.com
PlayBoox Inc. (f.k.a. SalesEdge), a San Francisco-based provider of sales force software, has raised $3 million in Series A funding led by Ascend Venture Group, according to a regulatory filing. www.playboox.com
SafeNet Inc., an information security company owned by Vector Capital, has acquired the assets of Beep Science AS, a provider of mobile digital rights management software. No financial terms were disclosed. PRESS RELEASE SafeNet, Inc., a global leader in information security, today announced that it has acquired assets of Beep Science AS, a […]
Bain Capital is selling four million shares of chemical maker Innophos Holdings Inc. (Nasdaq: IPHS), via a secondary public offering. The deal would reducde Bain's ownership position from 48.3% to 29.1 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public in 2006. It had filed to sell five million […]
Frederick Crawford has been named CEO of turnaround firm AlixPartners. He has been with the firm since 2004, and succeeds Michael Grindfors, who is stepping down for “personal reasons.” PRESS RELEASE The board of directors of AlixPartners LLP, the global business advisory firm, today announced that Managing Director Frederick A. Crawford, 45, has been named […]