The Goldman Sachs Group Inc. (NYSE: GS) has raised $6.5 billion for its first fund earmarked for investments in infrastructure deals
Sequoia Capital India is backing Bangalore-based online educational tutoring company TutorVista Global to the tune of an additional $3 million, according to The Economic Times. The investment is part of a second round of venture financing totaling $10.75 million; Sequoia capital India earlier this year invested $2 million. This latest round was led by Lightspeed […]
India-based Perlecan Pharma said this week that its anti-diabetic drug candidate DRL-16436 had entered the first phase of clinical trials, according to The Economic Times. The company has more than $50 million in financial backing from Dr. Reddy's Laboratories Ltd. (NYSE: RDY), Citigroup Venture Capital International Growth Partnership Mauritius Ltd., and ICICI Venture Funds Management […]
iMedica Corp., a Carrollton, Texas-based developer of electronic medical record systems, has sold $6.8 million of preferred stock in a Series C financing round, according to a Form D filed with the Securities and Exchange Commission. The company seeks to draw $9 million altogether in the round. Investors listed on the filing include Leavitt Covington […]
The largest shareholder in Chinatrust Financial Holding Co., owner of Taiwan's largest private bank, is looking to sell a portion of its stake to investors, according to an article in The Wall Street Journal Asia. Goldman Sachs Group Inc., Fobon Financial Holding Co. and The Carlyle Group are reportedly among the parties interested in talking […]
Private equity shop Apax has hired Deutsche Bank and Goldman Sachs to look into the possible sale or IPO for Molnlycke Health Care, a Gothenburg, Sweden-based supplier of surgical gloves, wound dressings and other medical products, according to the Financial Times. Among the potential bidders cited in the story are Smith & Nephew, Johnson & […]
Southern Capitol Ventures, a Raleigh firm that backs technology and life sciences start-ups in the Southeast and mid-Atlantic regions, has raised a second fund of $15.1 million, according to The News & Observer. Among investors, according to the article, are E. Stephen Stroud, chairman of NAI Carolantic Realty; Tom Darden, CEO of Cherokee Investment Partners; […]
Ronald F. Dutt has been tapped to become the new chief financial officer of Directed Electronics Inc. (NASD: DEIX) maker of keyless locks for cars and home speaker systems. Dutt joined the company as executive vice president of finance three months ago after serving as CFO of Sola International Inc., a maker of eyeglass lenses […]
vJive has secured a $22.6 million commitment from Matrix Partners India to install digital video screens in stores and other locations across India, according to Business Standard. Matrix Partners India has invested $4.5 million of that sum so far. The company is currently installing some 2,000 screens, used to display advertising and promotions, and plans […]
Orthopedic Development Corp. is raising $1 million in venture financing to help market a device designed to improve on the old metal-rod-and-screw method of back surgery, VentureWire reports. The company's first product, TruFUSE, consists of a human-bone-based dowel inserted during surgery in the spine to help promote the fusion of wiggly joints. The company expects […]