Saints Capital has agreed to acquire six portfolio companies from Safeguard Scientifics Inc. (NYSE: SFE) for approximately $100 million. Three of the companies are majority-owned by Safeguard, while three are minority positions. The companies are: Acsis Inc., Alliance Holdings Group Associates Inc., Laureate Pharma Inc., NextPoint Networks Inc., Neuronyx Inc. and ProModel Corporation. PRESS […]
BNY Capital Markets has completed the sale of its New Jersey-based institutional fixed income division to Broadpoint Securities Group. No financial terms were disclosed. The division traded approximately $35 billion in market-value securities last year. PRESS RELEASE Broadpoint Securities Group, Inc. (NASDAQ: BPSG) today announced that it has completed its hiring of 47 employees of […]
Advent International has completed its $151 million sale of American Radiology Services Inc. to CML HealthCare Income Fund (TSX: CLC.UN). ARS is a Baltimore-based provider of diagnostic medical imaging services. It was founded in February 1997, and recapped in March 2003 by Advent, company management, Johns Hopkins University and a physicians association that provides the […]
Moling Chen has joined Rothschild PE China as a Shanghai-based partner. He had spent the past six years with BioVeda China.
Netsmart Technologies Inc., a Great River, N.Y.-based provider of enterprise-wide software and services for health and human services organizations, has acquired the Therapist Helper product suite and operations from a subsidiary of Nightingale Informatix Corp. (TSX-V: NGH). The deal is valued at $12.3 million. Therapist Helper provides practice management software and clinical systems for […]
Xirrus Inc., a Westlake Village, Calif.-based provider of WiFi solutions for the enterprise, has raised $25 million in Series C funding, according to a regulatory filing. Canaan Partners led the round, and was joined by return backers August Capital, QuestMark Partners and U.S. Venture Partners. www.xirrus.com
NextIO Inc., an Austin, Texas-based provider of I/O virtualization solutions, has raised $18.8 million in Series C funding. Return backers Adams Capital Management and Crescendo Ventures co-led the round, and were joined by return backers VentureTech Alliance, JK&B Capital and Dell. Two new “strategic investors” also participated. NextIO has now raised nearly $40 million in […]
Jeff Schrock has joined Monster Venture Partners as a venture partner. He previously was VP of corporate development for RealNetworks. PRESS RELEASE Monster Venture Partners (MVP), a venture capital firm focused on early stage investments, today announced that Jeff Schrock has joined the firm as Venture Partner. Schrock, a former executive at RealNetworks and […]
Endless LLP, a UK-based buyout and turnaround firm, has closed its second fund with Gbp164 million in capital commitments. PRESS RELEASE Endless LLP has announced the first and final close of its new investment vehicle, Endless Fund II (“Fund II”), with commitments from a range of international investors totaling Gbp164m. This is in […]
Christopher Varelas is leaving Citigroup, where he serves as co-global head of tech media and telecom I-banking. His new job will be as a founding partner of Bigwood Capital, a new private equity firm formed by former Flextronics CEO Michael Marks, who currently serves as a senior advisor to KKR. www.citi.com