BOSTON (Reuters) – Fortress Investment Group LLC (FIG.N: Quote, Profile, Research) reported a quarterly loss on Thursday and its share price fell sharply after its hedge fund business suffered in turbulent market conditions. The 10-year-old company, one of only a handful of publicly traded hedge and private equity firms, reported a first-quarter net loss of […]
Tiny Prints Inc., a Mountain View, Calif.-based online stationary retailer, raised $59 million in private equity funding from Summit Partners and Technology Crossover Ventures, according to a regulatory filing. The round was announced in late April, but without a dollar amount. It represents Tiny Prints' first outside funding round since being founded in 2004. Summit […]
Celleration Inc., an Eden Prairie, Minn.-based maker of a non-contact ultrasound device for medical applications like wound-care, has raised $25 million in Series D funding, according to a regulatory filing. Shareholders include Venture Investors LLC, Upper Lake Growth Capital, Baird Venture Partners, Aavin Equity Advisors, Triathlon Medical Ventures and New Science Ventures. It has now […]
deCarta Inc., a San Jose, Calif.-based provider of software for the location-based services industry, has secured $10.5 million of a new $21 million Series C funding, according to a regulatory filing. The company had raised $15 million in an initial tranche last year. Company backers include Norwest Venture Partners, Mobius Venture Capital and Cardinal Venture […]
OrthoHelix Surgical Devices, an Akron, Ohio-based developer of medical devices for use in hand and foot reconstructive surgery, has raised $7.33 million in Series C funding, according to a regulatory filing. Backers include River Cities Capital Funds and Mutual Capital Partners. www.orthohelix.com
NewSpring Capital is raising up to $150 million for its second healthcare private equity fund, according to a regulatory filing. It already has secured at least $55 million. www.newspringcapital.com
OTTAWA, May 8 (Reuters) – First-quarter profit at Onex Corp (OCX.TO: Quote, Profile, Research) fell 70 percent in a “quiet” acquisition period, the private-equity group said on Thursday, without last year's big boost from discontinued operations. With investments in a range of sectors from aerospace to cosmetics, Onex earned C$45 million ($45 million), or 36 […]
Embarcadero Technologies Inc., a San Francisco-based provider of data management solutions, has acquired development tools group CodeGear from Borland Software Corp. (Nasdaq: BORL). No financial terms were disclosed. Embarcadero was taken private last summer by Thoma Cressey Bravo. PRESS RELEASE Embarcadero Technologies, a privately-held company of Thoma Cressey Bravo, today announced that they signed a […]
SEOUL (Reuters) – The Korea's Teachers' Pension Corporation said on Thursday it had entrusted 300 billion won ($290.6 million) to Goldman Sachs Asset Management for overseas investment and strategic partnership. The asset management firm of Goldman (GS.N: Quote, Profile, Research) was picked out of 16 foreign asset managers operating in South Korea to manage the […]
PPM Capital has changed its name to Silverfleet Capital, six months after spinning out from Prudential PLC. The European firm remains responsible for managing approximately