Rannoch Corp., a Boulder, Colo.-based provider of aerospace systems research and development, is raising $7 million in Series B funding. It raised $3 million Series A round in 2004 from Boulder Ventures. www.rannoch.com
Agrivida Inc., a Cambridge, Mass.-based agricultural biotech company focused on renewable, biomass-based alternative fuels and raw materials, has raised over $600,000 in seed funding, according to a regulatory filing. Shareholders include incTank Ventures and Shin Nippon Biomedical Laboratories. www.agrivida.com
Orlando Management of Germany has closed its second special situations fund with Euro255 million. It will focus on the acquisition of troubled industrial companies in Germany and German-speaking countries. MVision served as exclusive placement agent. www.orlandofund.com
John Bond, former chairman of HSBC, has joined Kohlberg Kravis Roberts & Co. as a senior advisor. www.kkr.com
North Castle Partners has agreed to sell Naked Juice Co. to PepsiCo (NYSE: PEP). No financial terms were disclosed. Naked Juice is an Azusa, Calif.-based premium juice company with annual sales in excess of $150 million.
Bob Milsted and Solomon Babani have joined Celtic Pharmaceutical Holdings, a global private equity firm focused on the biotech and pharma markets. Milsted will serve as a managing director and head of European development, having previously been with AstraZeneca as vice president of global regulatory affairs for oncology and infection. Banai will serve as director […]
South Korean prosecutors have indicted Lone Star Funds and Korea Exchange Bank, for stock-price manipulation related to Lone Stat's 2003 acquisition of a controlling stake in the Korean lender.
RBC Capital Markets has agreed to acquire Daniels & Associates, an M&A advisor to the cable, telecom and broadcast industries. No financial terms were disclosed. www.rbccm.com www.danielsonline.com
Crucell NV has agreed to buy Swedish biotech company SBL Vaccin AB for Euro 39.4 million in cash from 3i Group and SEB. The deal is expected to close on Thursday. www.crucell.com www.sblvaccines.se
Natural Convergence Inc., a Ottawa, Canada-based supplier of VoIP application software for service providers, has raised US$10M in Series C funding. Wesley Clover and BDC Venture Capital co-led the deal, and were joined by VIMAC, Desjardins Venture Capital Group and return backers Jefferson Partners, Primaxis Technology Ventures and Purple Angel. www.naturalconvergence.com