Powerit Holdings Inc., a Seattle
Aternity Inc., a Westborough, Mass.-based provider of application management software for enterprise IT, has raised $5 million in Series B funding. Intel Capital led the deal, and was joined by return backers Vertex Venture Capital, Genesis Partners, Clal Industries and Investments Ltd. and Portview Communications Partners. In parallel with the funding, a marketing cooperation agreement […]
Keibi Technologies Inc., a San Francisco-based developer of a media discovery and modernization platform for online communities, has raised around $6 million in Series B funding, according to a regulatory filing. Backers include Catamount Ventures and Hunt Ventures. www.keibiinc.com
Peter Gilbert has agreed to become chief investment officer for Lehigh University's endowment fund, after having previously served as CIO for the $32 billion Pennsylvania State Employees' Retirement System. He begins at Lehigh on July 30. PSERS says that it will begin its search for a successor during next Wednesday's board meeting. Before overseeing […]
Olympus Partners has closed its fifth fund with $1.53 billion in capital commitments. The Stamford, Conn.-based firm focuses on middle-market management buyouts and growth capital opportunities. www.olympuspartners.com
WaveTec Vision Systems Inc., an Aliso Viejo, CA-based developer of a system to help optimize patient outcomes in intraocular lens replacement procedures, has raised $13 million in Series B funding. Accuitive Medical Ventures and De Novo Ventures co-led the deal, and were joined by return backer Versant Ventures.
Ception Therapeutics Inc., a Malvern, Pa.-based drug company whose lead candidates are anti-inflammatories, has raised $14.7 million in additional Series C funding from existing shareholders Third Point and Greenlight Capital. This brings the Series C round total to $77 million, following an initial close that included participation from Essex Woodlands Health Ventures, Investor Growth Capital, […]
Luvata, a European supplier of fabricated metal solutions and components to the manufacturing and construction industries, has agreed to acquire ECO SpA, a manufacturer of heat-transfer coils and coolers. No financial terms were disclosed. Luvata is a portfolio company of Nordic Capital, while ECO is being sold by Compass Partners and represented by Robert W. […]
Bain Capital plans to sell five million shares of Innophos Holdings Inc. (Nasdaq: IPHS), via a secondary public offering. If successful, the deal would reduce Bain's ownership position from 48.5% to 24.5 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public last fall. http://www.innophos.com/
Norvestor sold 9.5 million shares in Norwegian seismic data acquisition company SCAN Geophysical ASA, for approximately $44 million. Norvestor retains a 21.77% stake in SCAN, which trades on both the Norwegian OTC list and the Oslo Axess. www.scangeo.com