InnoCentive Inc., a Waltham, Mass.-based operator of an online collaboration forum for scientists and scientific companies, has raised $6.5 million in Series B funding. Spencer Trask Ventures led the round, and was joined by fellow insiders Eli Lilly & Co. and Omidyar Network. InnoCentive had spun out of Eli Lilly in 2005, via a $9 […]
MK Capital has sponsored a spinout of P2P multimedia delivery company Kontiki from VeriSign Inc. No financial terms were disclosed. VeriSign bought Kontiki in 2006 from a group of VC firms that included MK Capital. That deal was valued at $62 million, and followed over $42 million in funding. PRESS RELEASE Kontiki, the leading […]
Parature Inc., a Vienna, Va.-based provider of online customer support software, has raised $16 million in Series B funding. Accel Partners led the round, and was joined by return backers Sierra Ventures and Valhalla Partners. Parature had previously raised around $28 million. www.parature.com
Split Rock Partners has closed its second fund with $300 million in capital commitments. The firm has offices in Minneapolis and Menlo Park, and focuses on early-stage IT and medical device opportunities. It raised $275 million for its debut fund in April 2005, which followed a spinout from St. Paul Cos. PRESS RELEASE Split Rock […]
Eric Bednarski has joined MVM Life Science Partners as a partner. He will be based in the firm's Boston office, and previously was a partner with Advent Healthcare Ventures. PRESS RELEASE MVM is pleased to announce that Dr Eric Bednarski has joined MVM Life Science Partners as a partner. Eric will be based in the […]
Baird Capital Partners and other shareholders have sold ArmorGroup International PLC, a UK-listed provider of defensive and protective security services in markets like Iraq and Afghanistan, to G4S for gbp44 million. Baird originally sponsored a management buyout of ArmorGroup from Armor Holdings Inc. (now part of BAE Systems) in 2004. It realized most of via […]
ACP Mezzanine Ltd (ACPM.L: Quote, Profile, Research), an investor in European small and mid-size firms, plans to raise 150 million euros ($232 million) in a secondary share placement to fund a strong deal pipeline, it said on Wednesday. AIM-listed, Jersey-incorporated ACP, which provides non-investment grade financing to small businesses in the UK, Italy, France and […]
Norwest Equity Partners has promoted Todd Solow to partner, and Tom Schauerman and Andrew Cantwell to principal. PRESS RELEASE Norwest Equity Partners (NEP), a premier private equity investment firm focused on middle market investments, is pleased to announce the senior-level promotions of Todd Solow to Partner; and Tom Schauerman and Andrew Cantwell to Principal. “We […]
Promotion Space Group, a UK-based provider of brand awareness and promotion campaigns, has acquired rival Brandspace. No financial terms were disclosed. PSG is a portfolio company of Octopus Private Equity, which helped finance the acquisition. Senior debt was provided by Lloyds TSB. PRESS RELEASE Octopus Private Equity (“Octopus”) backed portfolio company Promotion Space Group, has […]
Morrison & Foerster LLP said that private equity partner Thomas Chou will relocate from Shanghai to Hong Kong. The firm also has hired Japan-based intellectual property attorney Yukihiro Terazawa as a partner. www.mofo.com