SteelBrick, a provider of easy-to-use apps for Salesforce.com customers, has received $5 million backing from Godard Abel, the company’s new CEO and former co-founder/CEO of BigMachines, and from Matt Gorniak, former global SVP sales/alliances from BigMachines, who will serve as a senior advisor to SteelBrick. SteelBrick recently opened an office in Chicago and has launched a new website.
3 min read · 13 March 2014
Lineage Logistics, a warehousing and logistics portfolio company of Bay Grove, has signed a definitive agreement to purchase Millard Refrigerated Services, a national third-party warehousing and logistics company headquartered in Omaha, NE. Financial terms of the transaction were not disclosed.
4 min read · 13 March 2014
Focus Corporation, a provider of multi-disciplinary engineering services in Western Canada principally to the oil and gas industry, has entered into a definitive agreement to be acquired by WSP Global in an all cash transaction valued at approximately $366 million. Harris Williams & Co is acting as the exclusive advisor to Focus, a portfolio company of KRG Capital Partners.
4 min read · 13 March 2014
ownCloud has closed a $6.3 million series A funding round, led by Devonshire Investors and existing investor General Catalyst Partners and joined by customers and existing angel investors. John Raguin, managing director, Devonshire, will join the company's board where he previously served as a board advisor.
3 min read · 13 March 2014
This morning read all about Galen Partners back on the fundraising trail after a near seven year break, why women are still under-represented in private equity and how co-investments with mezzanine funds could be impacting negatively on IRRs.
1 min read · 13 March 2014
JLL Partners and Royal DSM, a global life sciences and materials sciences company have closed the transaction announced in November 2013 combining DSM Pharmaceutical Products and Patheon Inc into a new privately held company named DPx Holdings. With headquarters in Durham, N.C., DPX’s global footprint includes 24 global locations across North America, Europe, Latin America and Australia.
5 min read · 12 March 2014
Biolase's largest shareholder Oracle Partners has nominated four independent directors for election to the Biolase board. Oracle cited management and board entrenchment in the face of continuing poor financial performance.
6 min read · 12 March 2014
Thoma Bravo has completed its acquisition of Global Healthcare Exchange, a provider of connected, intelligent healthcare supply chains. GHX is a leader in software solutions that automate healthcare’s medical-surgical supply chain, and last year, expanded its solutions into the operating room with implantable device supply chain applications.
3 min read · 12 March 2014
Arent Fox has appointed partners Mark S. Fawer and Carolyn Austin and associate Brandilyn Y. Dumas. The newly appointed professionals will be based in the firm's New York office, where they will focus on representing lenders, private equity funds, real estate developers, real estate investment trusts, and other investors in the financing, acquisition, disposition, and development of multifamily, retail, industrial, office, and hotel properties.
3 min read · 12 March 2014
This midweek morning headlines include MassPRIM hiring for PE, Franklin Templeton closing its latest emerging markets fund and five ways to avoid losing money as an angel investor.
1 min read · 12 March 2014
