Totango has secured $15.5 million in Series B financing led by new investors from the Canvas Venture Fund and InterWest Partners, with participation from returning investors Pitango Venture Capital and Gemini Israel Ventures. Gary Little, managing director at the Canvas Venture Fund, and Doug Pepper, general partner at InterWest Partners, will join Totango’s board.
4 min read · 05 February 2014
PBM Capital Group has acquired Breas Medical AB from GE Healthcare, a subsidiary of General Electric Company. Breas, headquartered in Sweden, is a manufacturer of home respiratory ventilators and sleep apnea products for the global home healthcare market sold in more than 40 countries. Breas employs more than 100 people in nine countries and operates a 30,000 square-foot manufacturing/office facility in Sweden.
3 min read · 05 February 2014
Industrial Opportunity Partners has sold portfolio company E.B. Bradley Company to an affiliate of PSP Capital Partners. The divestiture represents IOP’s fifth investment realization from its initial $185 million committed fund. E.B. Bradley is a West Coast distributor of cabinet hardware, laminates and surfacing products, board products, edgebanding, and woodworking supplies, as well as a manufacturer of laminated panels, serving the commercial construction and residential renovation markets.
3 min read · 05 February 2014
Wells Fargo Capital Finance has established a channel financing program for global technology solutions company Dell. Dell Financial Services, in cooperation with Wells Fargo’s Capital Finance Channel Finance Program, is able to offer special extended financing terms, interest-free, to their resellers and channel providers.
3 min read · 05 February 2014
The Gores Group is acquirinng Melle Dachbaustoffe GmbH and SIG Deutsche Dachbaustoffe GmbH from SIG, a distributor of building products in Europe. The Gores Group will invest through its Small Capitalization Partners investment fund.
2 min read · 05 February 2014
AxelaCare Health Solutions, a provider of specialty home infusion services, has acquired Los Angeles-based ARC Infusion, a privately owned home infusion services company, from founder Rose Lee. Terms of the transaction were not disclosed. AxelaCare is a portfolio company of Harvest Partners.
2 min read · 05 February 2014
Enterprise data solution provider ThoughtSpot has launched its early access program for ThoughtSpot Data Search Appliance. ThoughtSpot raised $10.7 million in 2012 from Lightspeed Venture Partners and angel investors.
3 min read · 05 February 2014
CVC Capital Partners has backed AVAST Software, a consumer security software company. The investment values AVAST at $1 billion.
4 min read · 05 February 2014
Ridgemont Equity Partners has promoted Jack Purcell to Partner and Kurt Leedy to principal. Leedy will be relocating to Ridgemont’s Dallas office in the near future.
2 min read · 05 February 2014
Technology investor, Amadeus Capital Partners, has sold Octo Telematics to Renova Group, which includes the sale of its stake in the company. Completion of Renova’s acquisition is subject to regulatory approvals.
3 min read · 05 February 2014
