TA Associates has acquired Alere Medical Inc., a Reno, Nev.-based provider of disease management services to group health plans. The deal is valued at $175 million, and was done in partnership with company management. Alere had raised around $96 million in VC funding since 1996, from firms like Flagship Ventures, Institutional Venture Partners, S.R. One […]
Comcast (Nasdaq: CMCSA) has agreed to acquire Patriot Media & Communications, a Greenwich, Conn.-based owner and operator of cable systems in central New Jersey. The deal is valued at approximately $483 million in cash, and is expected to close in the third quarter. Patriot Media is owned by Spectrum Equity Investors, Spire Capital and veteran […]
Samplify, a Menlo Park, Calif.-based provider of real-time compression IP, has raised $6.5 million in Series A funding from Charles River Ventures and Formative Ventures. www.samplify.com
ForSight Labs LLC, a Menlo Park, Calif.-based ophthalmic technology incubator, has raised $5 million in Series A funding for its latest company. Backers include Morgenthaler Ventures, Split Rock Partners and Versant Ventures. No specifics of the new startup were disclosed. ForSight's initial company was glaucoma device maker Transcend Medical, which has raised over $9 million. […]
YouMail Inc., an Irvine, Calif.-based provider of advanced voicemail solutions, has raised $1.87 million in first-round funding from the Tech Coast Angels (TCA) and other angels.
Silicon Navigator Corp., a Cupertino, Calif.-based developer of electronic design automation (EDA) software, said that it has raised an undisclosed amount of strategic funding from Intel Capital. The company had previously disclosed the deal in an October 2006 regulatory filing, which showed a $4.125 million Series A extension from Intel and return backers ITU Ventures […]
Waterfront Media, a Brooklyn, New York-based online health media company, has raised $8 million in venture debt from Hercules Technology Growth Capital. The company previously had raised $10 million in VC funding from firms like BEV Partners, Neocarta Ventures, Rho Ventures, Time Warner Ventures and Village Ventures. www.waterfrontmedia.com
Warburg Pincus and Marshall & Ilsley Corp. are planning to transact a sponsored spinout of M&I's payment processing unit Metavante, according to The Wall Street Journal. The deal could be worth $4 billion, with Metavante being spun out to shareholders in a tax-free transaction, with Warburg Pincus paying cash for a significant minority ownership position. […]
NBGI Private Equity has sold Brambles Foods to Adeliue Food Holdings, which is backed by Duke Street Capital. The deal is valued at
ReSun Corp., a modular building provider controlled by Calera Capital, has completed its acquisition of GE North American modular space business from GE Capital Corp. Other ReSun shareholders include ABS Capital and company management, while leveraged financing for the acquisition was arranged by Bank of America and JP Morgan. No financial terms were disclosed for […]