Sofinnova Partners has raised 240 million euros ($312 million) for its seventh life sciences venture capital fund. Sofinnova Capital VII's investors include leading the European Investment Fund, Skandia Life Insurance Company, CNP Assurances, and CDC Entreprises. Sofinnova Capital VII will invest about two third of its funds in European companies, and one third outside of Europe, most often in the USA.
3 min read · 12 December 2012
Software platform provider HealthEdge has acquired Click4Care, a software company that provides care management and utilization management solutions for healthcare payors. The acquisition is expected to close later this month pending final approval by the shareholders.
3 min read · 12 December 2012
Physicians' Capital Investments has added Kerry R. Hicks as vice-chairman of PCI's board. Most recently, Hicks served as CEO of Healthgrades.
3 min read · 12 December 2012
Data management company Actifio has completed its implementation with Audax Group. Audax Group is an investor in middle market companies with over $4 billion of assets under management.
3 min read · 12 December 2012
This Wednesday morning First Read brings you a map of the New York PE cluster, reveals 3i is close to its second Brazilian deal and unveils some hungry food start-ups.
1 min read · 12 December 2012
Carey Watermark Investors has acquired the Courtyard San Diego Mission Valley/Hotel Circle. The 317-room hotel includes approximately 7,000 square feet of meeting space, Bistro Café restaurant with Starbucks espresso bar, lounge, 24-hour Market, business center, fitness center, outdoor pool and whirlpool and 349 parking spaces.
3 min read · 11 December 2012
Investment and corporate banking arm of BMO Financial Group, BMO Capital Markets has appointed veteran investment banker Colleen Campbell as a vice-chair of BMO Capital Markets. Campbell began her career with BMO Capital Markets in 1997 and spent 12 years as head of Canadian debt capital markets. Since 2009, she has been global head of debt capital markets.
2 min read · 11 December 2012
Craig MacKay has joined Washington, DC-based middle market merchant bank England & Company as a managing director and head of its newly established New York office. MacKay was previously head of private finance at Oppenheimer & Co.
3 min read · 11 December 2012
Triangle Capital Corporation has closed a $16.0 million investment in Comverge consisting of subordinated debt and equity. Based in Norcross, GA, Comverge is a provider of energy management solutions.
3 min read · 11 December 2012
Hertz Global Holdings has announced the sale of 50,000,000 shares of common stock by investment funds associated with Clayton, Dubilier & Rice, The Carlyle Group and BofA Merrill Lynch to J.P. Morgan, as the sole underwriter in the registered public offering of those shares. The shares are being sold on a pro rata basis by these investment funds, which are existing stockholders of Hertz Holdings.
7 min read · 11 December 2012
