iCardiac Technologies Inc., a Rochester, N.Y.-based commercializer of cardiac safety technologies developed at the University of Rochester Medical Center, has raised an undisclosed amount of private equity funding from Pfizer Inc., as part of a larger strategic agreement. iCardiac raised $4 million in Series A funding late last year from Advantage Capital Partners and Stonehenge […]
Whisher, a Spain-based social networking startup powered by a Wi-Fi network, has raised an undisclosed amount of VC funding from Benchmark Capital Europe. www.whisher.com
HgCapital has agreed to sell German provider of industrial automation and networking equipment Hirschmann Automation and Control GmbH to Belden CDT for $260 million in cash (plus the assumption of $60 million in liabilities). www.hirschmann-ac.de
Xantrex Technology Inc. (TSX: XTX) has agreed to acquire Elgar Electronics Corp. from J.F. Lehman & Co. for $108 million in cash. Elgar is a San Diego-based provider of programmable power products and systems. www.elgar.com
Fox Interactive Corp. is in talks to acquire Strategic Data Corp., a Santa Monica, Calif.-based company that helps online publishers optimize online advertising revenue, according to GigaOm. Strategic Data Corp. raised $6.25 million in 2000, including a $5 million infusion at a $25 million post-money valuation. Backers include Constellation Ventures, JNet Ventures and Smart Technology […]
IBM (NYSE: IBM) has agreed to acquire Softek Storage Solutions Corp., a Vienna, Va.-based provider of data migration, data replication and disaster recovery software. No financial terms were disclosed. Softek was acquired in a management-led buyout from Fujitsu in March 2004, with equity sponsors including Investcorp Technology Partners, Columbia Capital, Needham Capital Partners and Updata […]
Select Medical Corp., a Mechanicsburgh, Pa.-based portfolio company of Welsh Carson Anderson & Stowe and Thoma Cressey Equity Partners, has agreed to acquire 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
Black Diamond Capital Management of Greenwich, Conn. has closed its second distressed debt fund with $982 million in capital commitments. C.P. Eaton served as placement agent. The original distressed fund closed in September 2003 with $416 million.
Providence Equity Partners has secured $12 billion in capital commitments for its sixth buyout fund, according to Bloomberg. www.provequity.com
Diane Smith has been named director of capital markets for Grameen Foundation, where she will source new financing opportunities for poverty-focused microfinance institutions (MFIs) by facilitating linkages between MFIs and international and local capital markets. She previously was a managing director and senior portfolio manager at Electra Investment Trust PLC, where she focused on the […]