Water Street Healthcare Partners has held a first close on its second fund, according to LBO Wire. The close was near the Chicago-based firm's $600 million target, with a final close expected within the next few weeks. Limited partners include Adams Street Partners, Goldman Sachs and Allianz Group. Credit Suisse is serving as placement agent. […]
HONG KONG, May 22 (Reuters) – Chinese hot pot restaurant Little Sheep Group Ltd plans to raise as much as $105.7 million in a Hong Kong initial public offering, a source with direct knowledge of the deal said on Thursday. The company, in which private equity firm 3i Group Plc (III.L: Quote, Profile, Research) has […]
Gruppo Banca Leonardo, an investment bank, has acquired a 20% stake in Italian private equity firm BS Private Equity, with a view to buying the remainder of the business in the future. No price was given for the stake purchase. However, Gruppo Banca Leonardo said that it will inject EUR 20m into its fifth generation […]
ATP Private Equity Partners has made four promotions: Nils Johannessen to director, Christian Bronden to vice president, Jesper Voss Hansen to vice president and Noman Mushtaq to vice president. www.atp-pep.com
Flock, a Redwood City, Calif.-based developer of a social Web browser, has raised $15 million in Series D funding. Fidelity Ventures led the round, and was joined by return backers Bessemer Venture Partners, Catamount Ventures and Shasta Ventures. PRESS RELEASE Flock (www.flock.com), the innovative, award-winning social Web browser, today announced that it has […]
Myconostica Ltd., a Manchester, UK-based developer of medical tests for life-threatening fungal infections, has raised $10.8 million in third-round funding. Backers include Amphion Innovations, Nexus Medical Partners, Innoven Partenaires, Medicis Ventures and UMIP Premier Fund. PRESS RELEASE Myconostica Ltd, a Manchester UK-based medical diagnostic company which specialises in rapid and highly specific tests […]
Daiichi Sankyo Co. has agreed to acquire U3 Pharma AG, a Munich-based oncology drug development company, for EUR 150 million ($235m) in cash. U3 Pharma has raised over $61 million in VC funding from firms like Alta Partners, Atlas Venture, E. de Rothschild Investment Partners and Life Science Partners and Bio*One Capital. PRESS RELEASE […]
SmartSynch Inc., a Jackson, Miss.-based provider of public wireless smart metering technology, has raised $20 million in Series E funding. Credit Suisse led the round, and was joined by Southern Farm Bureau Life Insurance Co. Return backers included Battelle Ventures, Beacon Group, Endeavor Capital Management, GulfSouth Capital, Innovation Valley Partners, Kinetic Ventures, OPG Ventures and […]
Craton Equity Partners, a Los Angeles-based firm focused on VC and PE opportunities in the cleantech sector, has closed its debut fund with $191.5 million in capital commitments. It had held an $82 million first close last December, and had been targeting $250 million. PRESS RELEASE Craton Equity Partners, a Los Angeles-based emerging manager's […]
Visage Mobile, a San Francisco-based provider of wireless software for carriers and private label wireless operators, has sold its Subscriber Management business to Convergys Corp. (NYSE: CVG). No financial terms were disclosed. Visage has raised around $93 million in total VC funding since its 2001 formation, from firms like Nomura, Worldview Technology Partners, Mobius Venture […]