Kirtland Capital Partners has agreed to sell Essex Crane Rental Corp. to Hyde Park Acquisition Corp. for $210 million. Essex provides lattice-boom crawler cranes and attachments, and was acquired by Kirtland in May 2000. Hyde Park is a blank check acquisition company that will change its name to Essex Crane Rental Corp., and seek a […]
Oracle Healthcare Acquisition Corp. (OTC BB: OHAQ) has canceled its agreed-upon acquisition of Precision Therapeutics Inc., a Pittsburgh-based oncology services company. The move comes because Oracle's lifecycle has ended, and it never brought the reverse merger up for a vote. It is unclear what happens next for PTI, which had been in registration for an […]
Zinwave, a UK-based provider of active wideband in-building coverage solutions, has raised $10 million in Series B funding. SEB Venture Capital led the round, and was joined by return backers Atlas Venture and Scottish Equity Partners. PRESS RELEASE Zinwave, a pioneer and leader in next generation in-building cellular and wireless technology, today announced it […]
AAR Corp. (NYSE: AIR) has completed its acquisition of Avborne Heavy Maintenance Inc. from Trivest Partners. Other sellers include Allied Capital and PNC Equity. No financial terms were disclosed. Avborne is a Miami, Fla.
USI Holdings Corp., a Briarcliff Manor, N.Y.�based distributor of insurance and financial services to businesses, has acquired Corporate Planning Systems, a Bellevue, Wash.-based employee benefit insurance brokerage. No financial terms were disclosed, except that the deal is expected to provide USI with approximately $4.5 million in additional annual revenue. USI is owned by Goldman […]
Climos, a San Francisco-based company developer of large-scale climate change mitigation technologies, has raised $3.5 million in Series A funding. Braemar Energy Ventures led the round, and was joined by Elon Musk. PRESS RELEASE Climos, a startup company focused on large scale techniques to mitigate climate change, today announced the close of a $3.5M […]
Livebookings, a European online network for restaurant reservations and marketing, has raised Gbp6.5 million in VC funding led by Balderton Capital. PRESS RELEASE Livebookings the European leading online restaurant reservations and marketing network, announces it has secured Gbp6.5m of funding led by Balderton Capital, the leading venture capital firm behind Bebo, Codemasters and Setanta. […]
Murad Beg has joined Cleveland-based private equity firm Linsalata Capital Partners as a vice president. He previously was a partner with law firm Calfee, Halter & Griswold LLP, where he served as co-head of the M&A practice. www.linsalatacapital.com
ABRY Partners, a Boston-based private equity firm focused on the media sector, this week closed its sixth fund with $1.35 billion in capital commitments, according to LBO Wire. The total fund value will be closer to $1.7 billion, once general partner commitments are included. Limited partners include Harvard University, TIFF, PSERS, IBM, Portfolio Advisors […]
Khosla Ventures is sponsoring the spinout of Pax Streamline, a maker of high-efficiency HVAC systems, turbines and marine propulsion systems, from Pax Scientific. No financial terms were disclosed, although CNet reports that the initial investment size is $6 million, with an investor option for another $6 million down the road. www.paxscientific.com