Robert Goldberg has joined YL Ventures as a venture partner. He previously was a managing director with Idealab. Goldberg will work out of Silicon Valley, which will complement YL Ventures' existing offices in Amsterdam and Israel. He also will serve on the board of existing YL Ventures portfolio company ClickTale. YL Ventures is in the […]
Nfocus Neuromedical Inc., a Palo Alto, Calif.-based medical device company focused on hemorrhagic stroke, has acquired StarFire Medical Inc., a maker of therapeutic implantable devices for minimally-invasive treatment of neurovascular disease. No financial terms were disclosed. Nfocus has raised nearly $35 million in total VC funding since 1999, with current shareholders including ePlanet Ventures, […]
DW Healthcare Partners has sold NWT Inc. (aka Tandem Labs) to Laboratory Corp. of America Holdings (LH) for $76 million in cash. Tandem Labs is a Salt Lake City-based bioanalytical and immunoanalytical contract research organization, supporting pharma and biotech companies. The sale generated a 6.9x return on invested capital for DW Healthcare over a […]
Louis Friedman has joined P. Schoenfeld Asset Management as president and managing partner of a new practice focused on private investments and long-term public holdings. He previously was with Bear Stearns, as vice chairman of investment banking and global chairman of M&A. PRESS RELEASE P. Schoenfeld Asset Management LLC (PSAM), a global, multi-strategy investment […]
Translations.com, a New York-based provider of software localization and globalization management system solutions, has merged with Ireland's Alchemy Software Development. No financial terms were disclosed. Translations.com had raised VC funding between 2001 and 2003 from Pennell Venture Partners and Deutsche Bank. PRESS RELEASE Translations.com today announced that the company has merged with Alchemy Software […]
Integris Partners has formed as a new boutique investment bank focused on mid-market M&A activities. Its team consists of the former professionals of Doering, van den Heever and Eastwood, and three members of Headwaters MB. Integris will have offices in both Denver and Fort Collins, Colorado. www.integris-partners.com
Tred Displays Corp., an Albuquerque, N.M.
Reyaz Kassamali has joined Hilco Consumer Capital as a managing director based in Toronto. He previously was with Financo. Hilco is a private equity firm focused on mid-market consumer lifestyle companies. www.hilcocc.com
German specialty chemical company Altana AG is in talks to buy US peer Rockwood Holdings Inc for EUR 4bn (US$6.12bn) from buyout firm Kohlberg Kravis Roberts (KKR), Manager magazine reported, citing people familiar with the negotiations. Altana, which in 2006 hived off its drugs business to focus on speciality chemicals, declined to comment on the […]
DBS Group, a Singapore-based lender, said that three of its senior professionals are leaving to join The Carlyle Group. They are: Edmund Koh, head of regional consumer banking; Raymond Ang, chief operating officer of consumer banking; and Chew Mun Yew, regional head of strategy. www.carlyle.com