Luca Colciago has joined UK-based venture debt firm Kreos Capital as a partner. He previously was a director with Noble Venture Finance. www.kreoscapital.com
Friend Skolar & Co. has promoted Dean Bosacki from vice president to director. He joined the firm in 2002, after having received his MBA from Stanford. www.friendskoler.com
Jordan Caspari has joined Liquid Realty Partners as an associate. He previously was an analyst in the global private equity group at Oxford Properties, the real estate arm of the Ontario Municipal Employee Retirement System Fund. www.liquidrealty.com
Caritor Inc., a San Ramon, Calif.-based IT services provider, has completed its $14.30 per share buyout of outsourcing company Keane Inc. (NYSE: KEA). The total deal was valued at approximately $854 million, with Caritor receiving equity financing from existing shareholder Citigroup Venture Capital International and leveraged financing from Citigroup Global Markets, UBS Securities and Bank […]
Huron Capital Partners announced that three of its portfolio companies have made add-on acquisitions. Quest Specialty Chemicals expanded its construction coatings unit with the acquisition of UC Holdings. Tectrans expanded its ground transportation business into the Northern California market, with the acquisition of Mobility Solutions. Finally, prefabricated residential staircase maker Southern Staircase acquired Stair Parts […]
ShotSpotter Inc., a Santa Clara, Calif.-based provider of gunshot location systems for public safety and the military, has raised $12 million in Series C funding. Levensohn Venture Partners led the deal, and was joined by Labrador Ventures and return backers Claremont Creek Capital, Citi Light Capital and Lauder Partners. ShotSpotter previously raised a $9.4 million […]
Bear Stearns has formed an asset management company in Saudi Arabia, in partnership with a consortium of Saudi business leaders. The Riyadh-based joint venture is called Bear Stearns Arabia Asset Management, and will develop and distribute Sharia-compliant and other investment products to institutions and high-net-worth individuals in Saudi Arabia. It also will leverage Bear Stearns […]
Mobicious Inc., a Waltham, Mass.
IceBreaker Inc., a Bellevue, Wash.-based provider of mobile social software, has raised $7.2 million in Series A funding. The deal was co-led by Frazier Technology Ventures and seed backer Lightspeed Venture Partners. www.icebreaker.mobi
Amgen (Nasdaq: AMGN) has agreed to acquire Ilypsa Inc., a Santa Clara, Calif.-based developer of non-absorbed drugs for renal disorders. The deal is valued at $420 million in cash, and is expected to close next quarter. Ilypsa has raised over $46 million in VC funding since 2003, from firms like 5AM Ventures, Sprout Group, CMEA […]