Rock Hill Capital Group has backed Oklahoma City-based Duracoatings Holdings. The business is a provider of chrome reworking and coating of downhole motor-related tools in the United States.
2 min read · 18 December 2013
Square 1 Bank has provided a $12.5 million credit facility to NutraMed, a manufacturer of nutraceuticals and dietary supplements. Proceeds from the facility will be used in conjunction with an equity investment from Ampersand Capital Partners for acquisition financing and working capital.
3 min read · 18 December 2013
The Wellcome Trust investments returned 18 percent, or more than 2.6 billion pounds ($4.2 billion), in the year ended Sept. 30, boosted by more exposure to public and private equity since 2008, according to its annual results. Since inception, its investment has provided a total return averaging almost 14 per cent a year.
2 min read · 18 December 2013
iXO Private Equity has reached a first close of its fund iXO’3. The fund will further iXO Private Equity’s business model and strategy, based on a permanent presence on the field and an in-depth knowledge of the entrepreneurial and industrial networks in the South of France.
3 min read · 18 December 2013
FlyCleaners has raised $2-million in seed funding from a group of private investors and Zelkova Ventures. The company also announced the launch of a private beta for the mobile app for Android and iOS, exclusively servicing the North Brooklyn area.
2 min read · 18 December 2013
iQor, a provider of business process outsourcing services, is to acquire the aftermarket services business of Jabil Circuit for $725 million. This acquisition will create a global company with the capabilities to address the $40 billion market at the intersection of customer relationship management and product support solutions.
3 min read · 18 December 2013
Pact (formerly known as GymPact) has secured a $1.55 million round of funding led by Khosla Ventures and Max Levchin of PayPal. Pact was founded by Harvard students who realized that having your own money on the line helps limit excuses and get people achieving their goals. Individuals make a Pact of how many times a week they plan to achieve their healthy goals.
2 min read · 18 December 2013
F.N.B. Capital Partners has closed its fourth investment in its new SBIC fund, Home Care Delivered, Inc. FNBCP supported the recapitalization through a mezzanine investment that provided liquidity to exiting shareholders.
2 min read · 18 December 2013
Digital marketing platforms and services provider Spotzer Media Group has launched a stock offering under the recently enacted Jobs Act. Spotzer was founded in 2006 by serial internet entrepreneur Andrew D. Klein and is backed by venture capital investors, including Sierra Ventures, Cyrte Investments and SV Angel (Ron Conway).
3 min read · 18 December 2013
Check out the midweek news with this morning's First Read including CVC's Asian fundraising, a first close for New MainStream Fund II and Ares rejecting immediate plans to do an IPO.
1 min read · 18 December 2013
