Combinent BioMedical Systems, a Cambridge, Mass.-based developer of a vaginal drug delivery platform, has raised around $3 million in first-round funding. Participants include Commons Capital, Cytyc Development Co. and Vimac Ventures. www.combinentbms.com
Comeks Inc., a Finland-based developer of tools to create user-generated mobile content, has raised an undisclosed amount of first-round funding from Accel Partners. www.comeks.com Check out the “release”http://www.comeks.com/hot/index.html#accel
HealthSport Inc. (OTC BB: HSPO) has completed its acquisition of InnoZen Inc., a Woodland Hills, Calif.
David Bole has joined Quantum Energy Partners as a managing director. He previously was president of SouthView Energy LP and, before that, was a managing director with Randall & Dewy (division of Jefferies & Co.). www.quantumep.com
Melis Kahya has joined TSG Consumer Partners as an associate. She previously was an I-banking analyst with JPMorgan, where she focused on the consumer and retail sectors. In other TSG personnel news, managing directors Alex Panos and Yasser Toor have relocated to New York from San Francisco. www.tsgconsumer.com
Fortress Investment Group has held a $2.84 billion first close for a new private equity fund focused on opportunities in North America and Western Europe. The fund has a total cap of $5 billion, which will include $1 billion from Fortress management. www.fortress.com
Makana Solutions Inc., a Lexington, Mass.-based provider of on-demand software for designing sales compensation plans, has raised $3 million in Series A funding from TD Capital Ventures. www.makanasolutions.com ——————————- LEXINGTON, Mass.–(BUSINESS WIRE)–Makana Solutions, innovative developer of on-demand software for designing sales compensation plans, announced today that it has secured $3 million in Series A financing […]
Universal American Financial Corp. (Nasdaq: UHCO) has agreed to acquire pharmacy benefits manager MemberHealth Inc. for approximately $630 million (55% cash, 45% UAF stock). The deal is being backed by a $350 million PIPE investment in UAF by Lee Equity Partners, Perry Capital, Union Square Partners Management (f.k.a. Capital Z) and Welsh, Carson, Anderson & […]
Helicos Biosciences Corp., a Cambridge, Mass.-based DNA sequencing company, has set its IPO terms to 5.4 million common shares being offered at between $13 and $15 per share. It plans to trade on the Nasdaq under ticker symbol HLCS, with UBS serving as lead underwriter. The company has raised around $67 million in VC funding […]
Hopewell Ventures has sold Chicago-based online health information company TLContact (CarePages.com) to Revolution Health Group. No financial terms were disclosed. The sale represents the first-ever liquidity event for Hopewell, which was formed three years ago to invest in Midwestern companies. www.carepages.com