BWAY Corporation has entered into a definitive agreement to acquire Ropak Packaging from the LINPAC Group in a transaction valued at approximately $265 million. Platinum Equity acquired BWAY in November 2012.
4 min read · 04 December 2012
Volcano Corporation, a manufacturer of precision guided therapy tools to enhance the treatment of coronary and peripheral vascular disease, has signed an agreement to acquire Crux Biomedical. Under terms of the agreement, Volcano will pay $36.0 million in cash at closing. Crux Biomedical has been funded by Alloy Ventures, Three Arch Partners, Emergent Medical Partners and Thomas Fogarty, M.D.
6 min read · 04 December 2012
Harvest Automation, a company developing practical robots for the agriculture industry, has appointed John Kawola as CEO. Current CEO Charles Grinnell will assume the role of COO. Backed by Entrée Capital, Founder Collective, Life Sciences Partners, Cultivian Ventures, and Massachusetts Technology Development Corporation, Harvest Automation is headquartered outside of Boston, Mass.
2 min read · 04 December 2012
GitHub has hired Vlado Herman as its new CFO. He was formerly CFO of Yelp.
1 min read · 04 December 2012
Energy Investors Funds' United States Power Fund IV has completed the acquisition of two operating hydroelectric projects, Allegheny 8 and Allegheny 9 in partnership with Northbrook Energy. Terms of the deal were not disclosed.
2 min read · 04 December 2012
Peer-to-peer lending marketplace Prosper has appointed Scott Strait as chief technology officer. Prosper has raised $80.9 million in venture capital and is backed by investors including Accel Partners; Larry Cheng of Volition Capital; David Silverman of Crosslink Capital; Court Coursey of TommorrowVentures; Timothy Draper of Draper Fisher Jurvetson; Capital One Co-founder Nigel Morris of QED Investors; Eric Schwartz; DAG Ventures; Mertiech Capital and Omidyar Network.
3 min read · 04 December 2012
This morning first Read highlights links to those five start-ups you should follow; whether PE ownership is good for corporate health; the inflation of the ed tech bubble and mulls the question on everyone's lips - what if the Royal Baby is a girl?
1 min read · 04 December 2012
Rock Ventures has added another 333,000 square feet of class-A downtown Detroit office space to its growing real estate portfolio. The firm has completed the purchase of the 26-story One Woodward building, located on the corner of Jefferson and Woodward Avenue.
10 min read · 04 December 2012
Ireland Inc has completed a $5.78 million equity financing in a private placement to institutional and individual accredited investors. Craig-Hallum Capital Group, a research, trading and investment banking firm, acted as sole placement agent for the offering.
4 min read · 04 December 2012
GE Antares, a unit of GE Capital, is serving as administrative agent for a $140 million senior credit facility to support the acquisition of Hilex Poly by Wind Point Partners. GE Capital Markets served as co-lead arranger and sole bookrunner on the transaction.
3 min read · 04 December 2012
