Home News Briefs Page 9160

News Briefs

Duff & Phelps has acquired Chanin Capital Partners, a specialty I-bank specializing in distressed situations. No financial terms were disclosed. www.duffandphelps.com www.chanin.com
BIA Digital Partners II has received an SBIC license from the U.S. Small Business Administration. The fund currently has $105 million in committed capital, with a final close on $150 million scheduled for next month. It makes mezzanine investments in media, telecommunications, information and business service companies. www.biacapital.com
HitecVision Private Equity, a firm focused on oil and gas opportunities in Europe and North America, is opening a UK office in Aberdeen. It will be run by Mike Hill, a former director of 3i Group's oil and gas team. www.hitecvision.com
OpenView Venture Partners, a spinout of Insight Venture Partners' Boston office, reported to the SEC that limited partners in its $100 million inaugural fund include Commonfund, CalPERS, Hermes and Procific. www.openviewpartners.com
Avrio Ventures of Calgary, Alberta has held a Cnd$53 million first close on its inaugural fund. A second closing is planned for next year. The VC firm will focus on Canadian companies in the industrial bioproducts, food technology and nutraceutical ingredient spaces. www.avrioventures.com
North Castle Partners of Greenwich, Conn. is raising up to $300 million for its fourth fund, according to a regulatory filing. It already has secured $63.8 million in commitments, with Merrill Lynch serving as placement agent. www.northcastlepartners.com
AIG Capital Partners is raising up to
AnalogicTech Inc. (Nasdaq: AATI) has acquired the power management analog business of China-based IPCore Technologies Corp., including subsidiary AP Semi and certain related assets. The deal is valued at $21.5 million in cash. IPCore backers include 3i Group, Pacific Venture Partners and Walden International. www.analogictech.com www.ipcoreinc.com
Clifton House Acquisition Ltd. has sold The Expanded Metal Company Ltd. (EMCO), a UK-based supplier of expanded metal mesh components and finished goods, to Gibraltar Industries Inc. (Nasdaq: ROCK). No financial terms were disclosed, except that EMCO has annual sales of approximately $62 million. www.gibraltar1.com
HealthMedia Inc., an Ann Arbor, Mich.-based provider of online behavior change interventions, has acquired MySelfHelp.com, a provider of online behavioral health interventions, including programs for depression and insomnia. No financial terms were disclosed. HealthMedia has raised over $13 million in VC funding from firms like Chrysalis Ventures, Avalon Ventures, the Princeton Fund and Arboretum Ventures. […]
pehub
pehub

Copyright PEI Media

Not for publication, email or dissemination