OZ Communications, a Montreal, Canada-based provider of consumer mobile messaging solutions, has raised US$34 million in second-round funding. Caisse de d
LGC Wireless Inc., a San Jose, Calif.-based wireless networking company, has bought the Cellular Mobile business unit of Alvarion Ltd. (Nasdaq: ALVR) for approximately $15 million in convertible notes and the assumption of certain liabilities. LGC has raised around $78 million in total VC funding since its 1996 inception, from firms like Associated Venture Investors, […]
AlixPartners, a global turnaround consultancy based in Southfield, Mich., plans to open an office in India next year. www.alixpartners.com
Cobalt Technologies Inc., a San Jose, Calif.-based alternative energy startup, has secured $3 million of a $9 million Series B round led by VantagePoint Venture Partners, according to a regulatory filing. www.vpvp.com
KRG Capital Partners has sold FMI International LLC to Maritime Logistics US Holdings Inc. for over $100 million in cash and stock. FMI is a Carteret, N.J.-based logistics provider for the apparel, retail and footwear industries. www.fmiint.com
Altra Holdings Inc., a Quincy, Mass.-based provider of mechanical power transmission and motion control products, has set its proposed IPO terms to 10 million common shares being offered at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol AIMC, with Merrill Lynch serving as lead underwriter (Wachovia previously […]
Isilon Systems Inc., a Seattle-based provider of clustered storage solutions, has set its proposed IPO terms to 8.35 million common shares at between $8.50 and $9.50 per share. It plans to trade on the Nasdaq under ticker symbol ISLN, with Morgan Stanley and Merrill Lynch serving as co-lead underwriters. The company has raised nearly $70 […]
Heely's Inc., a Carrollton, Texas-based maker of youth footwear with a removable wheel in the heel, has set its proposed IPO terms to 6.25 million common shares being offered at between $16 and $18 per share. It plans to trade on the Nasdaq under ticker symbol HLYS, with Bear Stearns and Wachovia serving as co-lead […]
Rupert Bell has joined 3i Group as a London-based director within the firm's growth capital unit. He previously served as a director with San Aire Private Equity (bought by Dunedin in 2005). www.3i.com
Medecision Inc., a Wayne, Pa.-based provider of medical management solutions to healthcare payers and regional health information organizations, has reduced its IPO forecast from $14.-$16 per share to $11.50-$13.50 per share. It still plans to sell 5.5 million shares, and trade on the Nasdaq under ticker symbol MEDE. The company also dropped Wachovia Securities as […]