Quattro Wireless Inc., a Waltham, Mass.-based developer of mobile web network infrastructure, has raised $6 million in Series A funding from Highland Capital Partners. www.quattrowireless.com
Rx Networks Inc., a Vancouver-based developer of mobile positioning technology and services, has raised $3.3 million in Series A funding from Telus and the British Columbia Discovery Fund. www.rxnetworks.ca
American Education Group, a Grand Rapids, Mich.-based prep school acquisition platform, has launched with $35 million in private equity funding from Winona Capital Management and Chicago Growth Partners. www.americanedgroup.com
Ampac Packaging LLC, a Cincinnati-based packaging company backed by Falcon Investment Advisors and Prudential Capital Group, has acquired Mohawk Northern Plastics, an Auburn, Wash.-based manufacturer of flexible packaging for the food, beverage, home and garden and industrial markets. No financial terms were disclosed. www.ampaconline.com www.mohawkplastics.com
United Central Industrial Supply Co., a portfolio company of American Securities Capital Partners, has acquired the Mine Supply division of Persinger Supply Co. No financial terms were disclosed. www.unitedcentral.net www.persingersupply.com
Doughty Hanson & Co. has closed its fifth fund with Euro 3.125 billion in capital commitments, including Euro 125 million from the general partners. Limited partners include: Allianz Private Equity, HarbourVest Partners, Ilmarinen Insurance, JP Morgan Asset Management, Morley Fund Management, Partners Group, Pantheon Ventures, the State of Michigan public employee pension fund, the University […]
Hafiz Muhammad Zubair Naseem, a junior investment banker with Credit Suisse's energy group, was arrested on insider trading charges. Among the companies he allegedly profited on
AVEO Pharmaceuticals Inc., a Cambridge, Mass.-based oncology drug company, has raised $53 million in Series D funding. New investors include: Biogen Idec, Bessemer Venture Partners, Merlin BioMed Group, Mitsubishi UFJ Financial Group and Vatera Holdings, an investment vehicle owned by Kos Pharma founder Michael Jaharis. Return backers include: Highland Capital Partners, Venrock Associates, MPM Capital, […]
Naviscan PET Systems Inc., a San Diego-based developer of high-res PET scanners, has raised $15 million in Series C funding. QuestMark Partners led the deal, and was joined by return backers Sanderling Ventures, Mayo Medical Ventures and Walker Ventures.
iAmplify, a New York