SquareOne Inc., a Campbell, Calif.-based maker of cardiovascular stents, has raised $7.5 million in Series C funding, according to a regulatory filing. Three Arch Partners led the deal, and was joined by Onset Ventures and Finistere Ventures.
Segetis Inc., a Plymouth, Minn.-based renewable (“green”) chemical company, announced that it has raised $15 million in Series A funding from Khosla Ventures. peHUB first reported on the deal back in February. www.segetis.com
The Riverside Company has sold Axiom Automotive Technologies to Transtar Industries Inc., a Cleveland-based portfolio company of Linsalata Capital Partners. No financial terms were disclosed. Axiom is a Pittsburgh-based supplier of original equipment and aftermarket transmission replacement parts. www.axiom.com
Select Medical Corp., a Mechanicsburgh, Pa.-based portfolio company of Welsh Carson Anderson & Stowe and Bravo Equity Partners, has completed its acquisition of HealthSouth Corp.'s Outpatient Rehabilitation division for approximately $245 million in cash. The division includes approximately 600 facilities in 35 states that provide rehab for general orthopedic and sports injuries. www.selectmedicalcorp.com www.healthsouth.com
Velocity Financial Group Inc. has launched as a specialty finance company focused on middle-market and venture-backed technology companies. Its initial capitalization is approximately $400 million, with American Capital Strategies serving as lead sponsor and investor. Velocity was co-founded by former Comdisco executives Frank Cirone and Jan Haas. www.velocityfg.com
PAI Partners is pre-marketing a fifth fund that may target Euro 6 billion, according to LBO Wire. Its current fund was capped two years ago at Euro 2.7 billion. UBS will serve as placement agent. www.paipartners.com
Arlett Tygesen has joined the Bear Stearns Asset Management as a managing director in the Private Funds group. She previously served as the first executive director of the Institutional Limited Partners Association (ILPA). www.bearstearns.com
David Goldberg has joined Benchmark Capital as an entrepreneur-in-residence. He previously was with Yahoo as vice president and general manager of Yahoo Music, and before that was co-founder of Launch Media Inc. (acquired by Yahoo in 2001). www.benchmark.com
Richard Mason has joined London-based Advent Venture Partners as an executive-in-residence, focused on the life sciences market. He previously was with Cambridge Antibody Technology PLC, as a senior vice president for business development and commercial operations. www.adventventures.com
Michael Joseph has joined D.E. Shaw as head of a unit that provides equity and debt to businesses in the UK and continental Europe. He previously was a managing director of structured finance with Lloyds TSB Bank and, before that, was a director with 3i Group. www.deshaw.com