Chris Williams has joined GulfStar Group as a managing director. He previously was founder of Chris Williams Consulting. www.gulfstargroup.com
Arcapita has invested $68 million to acquire and merge Atlanta-based 3P Delivery Inc. and Portland, Ore.-based General Transportation Services Inc., which both are asset-light providers of last-mile logistics services of heavy goods for major retailers in the U.S. Fortress Credit Corp. provided debt financing for the combined transaction, while EVE Partners served as financial advisor to […]
Qualcomm Inc. (Nasdaq: QCOM) has agreed to acquire Airgo Networks Inc., a Palo Alto, Calif.-based WLAN technology provider. No financial terms were disclosed. Airgo had raised around $144 million in total VC funding since its 2001 inception, including a tranched-out $55 million Series E deal at a post-money valuation of around $287 million. Backers include […]
Energy Capital Partners has closed its inaugural fund with $2.25 billion in capital commitments. The Short Hills, N.J.-based private equity firm will focus on North American energy infrastructure opportunities, primarily in the power generation, renewable, electric transmission and midstream gas sectors. www.ecpartners.com
Clarizen Inc., a Tel Aviv, Israel-based provider of enterprise-grade project management services, has raised $7 million in first-round funding from Benchmark Capital and Carmel Ventures. www.clarizen.com
NBI Development Inc., a San Francisco-based medical device company focused on neuro-modulation therapies, has raised $5.5 million in first-round funding. Three Arch Partners and Bay City Capital co-led the deal, and were joined by MPM Capital, Aberdare Ventures, Mayo Clinic and the Venturi Group.
QuickComm Software Solutions Inc., a New York-based provider of telecom expense management software and services to Global 2000 companies, has raised $4.1 million in Series A funding led by Starfish Ventures. www.quickcomm.com
Embotics Corp., an Ottawa-based provider of autonomic IT service management and security, has raised an undisclosed amount of venture capital led by Tera Capital Corp. www.embotics.com
Terra Firma Capital Partners is considering a Gpb800 million IPO or sale of portfolio company Infinis, a UK-based renewable energy company, according to The Telegraph. Terra Firma has retained advisors Merrill Lynch, Climate Change Capital and Deutsche Bank. www.infinis.co.uk
International Automotive Components Group North America has agreed to acquire Lear Corp.'s North American Interior Systems Division. IAC is a joint venture between WL Ross & Co., Franklin Mutual Advisers and Lear.Upon closing, Lear will transfer all of the assets of its North American interiors business and $25 million of cash to IAC, while WL […]