nSpired Natural Foods Inc., a portfolio company of American Capital Strategies, has sold its MaraNatha and SunSpire brands to Hain Celestial Group Inc. (HAIN). The deal also includes nSpired's nut butter manufacturing facility in Ashland, Oregon. No financial terms were disclosed. www.hain-celestial.com
Jerry Grimstone, chairman of Candover Investments, the private equity firm's listed vehicle, said the group is “well positioned to make new investments” when issuing a strong set of final figures for the investment trust. Candover, which has recently succeeded in taking Dutch conglomerate Stork private, reported a 37.4% rise in net asset value over […]
Wind Point Partners has agreed to sell Nonni's Food Company Inc. to Greek food group Vivartia, which is owned by Marfin Investment Group. The deal is valued at around $320 million, and is expected to close by April 1. Nonni makes branded food products like biscotti, bagel chips and pita chips. It recorded 2007 sales […]
New Mountain Capital, a New York-based firm focused on upper-middle-market buyouts, has closed its third fund with $5.1 billion in capital commitments. According to a recent article in Buyouts Magazine, Fund III was marketed with a $3 billion target, a 1.75% management fee, a 20% carry and an 8% preferred return. The general partner contributed […]
Anodyne Health, a provider of business intelligence and revenue cycle software to healthcare providers, has acquired Charlotte, N.C.-based Piedmont Healthcare Management Group. No financial terms were disclosed. Anodyne has raised VC funding from such firms as Brooke Private Equity Advisors, Frontier Capital and the Small Enterprise Growth Fund. www.anodynehealth.com
I-Therapeutix Inc., a Waltham, Mass.-based developer of situ formed hydrogel therapeutic products for ophthalmology, has raised $6 million in Series B funding, according to VentureWire. SV Life Sciences and Versant Ventures co-led the round. www.itherapeutix.com
NanoBio Corp., an Ann Arbor, Mich.-based developer of anti-infective products and mucosal vaccines, has raised $10 million in new equity funding from Perseus LLC. This is the third and final tranche of a $30 million round, and was triggered by the completion of certain clinical milestones. PRESS RELEASE NanoBio
Snikiddy LLC, a Bethesda, Md.-based maker of organic snacks for children, has raised $15 million in equity funding from D.E. Shaw. PRESS RELEASE Snikiddy, LLC, manufacturer of Snikiddy Snacks
Allegro Diagnostics, a Boston-based molecular diagnostics company focused on lung cancer, has raised $4 million in Series A funding. Kodiak Venture Partners led the round, and was joined by Catalyst Health Ventures and Boston University. PRESS RELEASE Allegro Diagnostics, a leader in the field of molecular diagnostics for lung cancer, has announced completion of […]
W Capital Partners has closed its second fund with $700 million in capital commitments. Probitas Partners served as placement agent, while limited partners include CalPERS. W Capital acquired portfolios of direct private equity and venture capital investments in the secondary market. PRESS RELEASE W Capital Partners, a private equity fund that acquires portfolios of […]