Kick off the week with Monday's First Read which looks at Google VC's data investing; Silicon Valley's innovation technique and the latest in Asian private equity.
1 min read · 24 June 2013
Huron River Ventures Partners, a Michigan-based early stage venture capital firm, has reached a final close on its first fund, Huron River Ventures I at $11 million. Huron River Ventures was launched in 2011 to capitalize on the increasing need for technologies and solutions that enable more efficient use of energy, transportation infrastructure and agricultural resources resulting from a growing global population whose demand for these resources is beginning to outpace supply.
2 min read · 19 June 2013
Gild has appointed Steve Cadigan to its advisory board. Cadigan is former VP of Talent at LinkedIn and current advisor at Cadigan Ventures to the Gild Advisory Board. Launched in 2011, Gild is backed by Globespan Capital Partners and Baseline Ventures, and is headquartered in San Francisco, CA.
3 min read · 19 June 2013
Joel Hackney, Jr. will join Blacsktone portfolio company PGI as chief executive officer and a member of the board of directors. Hackney will succeed Veronica Hagen, who will be retiring after assisting in the leadership transition. Hagen will continue to serve as a member of the board of directors.
4 min read · 19 June 2013
Ken Glass, chairman and founder of the TECT family of businesses and Stony Point Group, has launched a new investment and management company, Cold Mountain Capital. The company will be headquartered in Asheville, N.C., and led by aerospace and private equity veteran David Nolletti.
2 min read · 19 June 2013
Softchoice Corporation has completed the going-private transaction backed by Birch Hill Equity Partners. It is expected that the common shares of Softchoice will be delisted from the Toronto Stock Exchange on or about June 20, 2013 at the closing of the market.
3 min read · 19 June 2013
EQT V and GIC Special Investments, the private equity arm of the Government of Singapore Investment Corporation have agreed to sell Springer Science+Business Media, a global scientific, technical and medical (STM) publisher. Private equity firm BC Partners will acquire the business.
5 min read · 19 June 2013
Medical diagnostics company STAT-Diagnostica has appointed Gérard Vaillant as chairman of the company’s board of directors. Vaillant joins the company following the closing of a Series B financing round totaling $22.1 million, led by Kurma Life Sciences Partners.
3 min read · 19 June 2013
Cabot Square Capital has agreed the sale of its majority stake in Key Retirement Solutions Ltd to Phoenix Equity Partners. The transaction, which represents a 5x return on invested capital, remains subject to regulatory approvals and is expected to close in August.
4 min read · 19 June 2013
This morning First Read delivers the latest funding updates; why Silicon Valley CEOs say no to IPOs and why Series A is the new Series B.
1 min read · 19 June 2013
