Verso Technologies Inc. (Nasdaq: VRSO) has agreed to acquire SentitO Networks Inc., an Acton, Mass.-based provider of voice gateway and signaling solutions for telecom service providers. The deal is expected to close later this month, with SentitO backers to receive 7.7 million restricted shares of Verso common stock (2.2 million subject to escrow provisions) and […]
QuestMark Partners of Baltimore is planning to raise between $250 million and $300 million for its third fund, according to VentureWire. Its current fund closed in 2003 with $233 million. www.questmarkpartners.com
CardioMEMS Inc., an Atlanta-based developer of wireless medical pressure sensors, has set its proposed IPO terms to 6 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol SENS, with Banc of America Securities serving as lead underwriter. The company has raised around […]
BladeLogic Inc., a Lexington, Mass.-based provider of data center automation software, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol BLOG, with Morgan Stanley and Merrill Lynch serving as co-lead underwriters. The company has raised around $35 million in total VC funding since its 2001 inception, from […]
Bioconnect Systems Inc., an Ambler, Pa.-based surgical device startup, has raised $8 million in Series A funding co-led by Cardinal Partners and Fidelity Biosciences. The company's initial product is an anastomotic connector for dialysis patients. www.bioconnectsystems.com
The Rexel Group, a France
Charterhouse reportedly has retained Close Brothers to explore “future ownership options” for portfolio company Saga Ltd., which could include an IPO. Other Saga shareholders include AlpInvest Partners, HarbourVest Partners, Standard Life Investments and company management. The UK-based company provides both insurance products and holiday packages for people over 50 year-old. An IPO would likely value […]
ICICI Venture Capital has sold its 3.25% stake in listed Indian carrier Deccan Aviation to UBS Securities Asia for approximately $7.5 million.
Segulah has completed a recapitalization of portfolio company Dacke PMC, a provider of hydraulic equipment and engineering solutions to the Nordic market. No financial terms were disclosed.
Bruckmann Rosser Sherrill & Co. is planning a $145 million refinancing for portfolio company Il Fornaio (America) Corp., according to LBO Wire. The capital would be used to fund a dividend payout and refinance existing debt. Il Fornaio is a Corte Madera, Calif.-based Italian restaurant and bakery chain. www.ilfornaio.com