New Earth Solutions Ltd., a UK-based operator of waste facilities, has raised Gbp4 million from Impax Asset Management. PRESS RELEASE Impax Asset Management Ltd (“Impax”) has announced it has invested Gbp4 million into New Earth Solutions Ltd (“New Earth”). This investment will support New Earth's roll out of waste facilities across the UK. Impax […]
Benchmark Capital has added four entrepreneurs-in-residence: Rob Beardon, former CEOO of OpenSpan and JBoss; Lewis Cirne, founder of Wily Technology; Dan Finnegan; senior VP at Yahoo, in charge of HotJobs; and Keith Krach, a former Benchmark EIR who later co-founded Ariba. Benchmark recently closed its sixth fund with around $500 million. PRESS RELEASE Benchmark […]
Aquantia Corp., a Milpitas, Calif.-based developer of physical-layer transceiver ICs, announced that it has raised $25 million in Series B funding. peHUB first reported on the round last August. Pinnacle Ventures led the deal, and was joined by return backers Lightspeed Venture Partners and Greylock Partners. The company closed its first round in 2005 […]
Nerites Corp., a Madison, Wis.-based developer of tissue repair products and coatings for medical devices, has raised $5.7 million in Series A funding. Venture Investors LLC led the round, and was joined by Black Mountain Ventures. The company had previously raised $3 million in angel funding. PRESS RELEASE Nerites Corporation, a company that develops […]
Olivier Boyadjian has joined H.I.G. Europe as a Paris-based managing director. He previously was head of the investment team at CDC Capital Investissement, which manages a EUR 700 million fund. H.I.G. Europe is the European affiliate of H.I.G. Capital, and closed its first fund last year with EUR 600 million in capital commitments. PRESS […]
Critical Homecare Solutions Inc., a Conshohocken, Penn.-based provider of home infusion therapy services to patients suffering from acute or chronic conditions, has withdrawn registration for a $125 million IPO. The move comes shortly after Critical Homecare owner Kohlberg & Co. agreed to sell the company to MBF Healthcare Acquisition Corp. (AMEX: MBH) for approximately $420 […]
Concentric Medical Inc., a Mountain View Calif.-based developer of medical devices for restoring blood flow in people who have suffered ischemic strokes, has withdrawn registration for a $69 million IPO, due to “unfavorable market conditions.” It had filed last August, with plans to trade on the Nasdaq. Merrill Lynch and Lehman Brothers were serving as […]
MAKO Surgical Corp., a Ft. Lauderdale, Fla.-based developer of robotic solutions and implants for minimally-invasive orthopedic knee procedures, raised $51 million in its IPO. The company priced 5.1 million common shares at $10 per share, for an initial market cap of approximately $184.38 million. It will trade on the Nasdaq under ticker symbol MAKO, while […]
WDF Services Corp. and Five Star Electric Corp. have merged to form GreenStar Services Corp., a national provider of mechanical, electrical and specialty contractors. WDF had been a portfolio company of Eos Partners, which will invest an undisclosed amount of new capital in the merged company. PRESS RELEASE WDF Services Corp. and Five Star […]
NEW YORK (AP) — Shares of ArcSight Inc. stumbled in their market debut Thursday, a general down day for the market, after the software company's initial public offering priced at the low end of the expected price range. Shares lost 68 cents, or 7.7 percent, to $8.32 in afternoon trading. Shares hit a low of $8.07 […]