This morning First Read brings you an optimistic venture fundraising review of the last quarter, less good news about the impact of the Euro crisis on global financial confidence and some unfortunate stories about the automobile industry.
1 min read · 10 October 2012
7 Days Group Holdings, an economy hotel chain based in China, has set up a special committee of its board of directors to evaluate a going private proposal. The proposal is from a consortium of investors comprised of the company's co-founders and co-chairmen of its board of directors, Mr. Boquan He and Mr. Nanyan Zheng, and their respective affiliates, Sequoia Capital China and affiliates of the Carlyle Group.
3 min read · 09 October 2012
Laredo Petroleum Holdings has launched a secondary public offering of 12,500,000 shares of its common stock by affiliates of Warburg Pincus, the selling stockholders. The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by the company or its management.
3 min read · 09 October 2012
AngioDynamics, a provider of minimally invasive medical devices for vascular access, surgery, peripheral vascular disease and oncology, is to acquire all the outstanding capital stock of Vortex Medical, a privately-held company focused on the development of innovative medical devices for the removal of thrombus, or blood clots, from occluded blood vessels. Based in Norwell, Massachusetts, Vortex is currently commercializing the AngioVac system, which includes the AngioVac Cannula and Circuit.
5 min read · 09 October 2012
Bowlmor Lanes has closed a debt recapitalization with Medley. FocalPoint Securities served as Bowlmor’s exclusive financial advisor in the transaction. Bowlmor owns and operates stylish, upscale bowling properties located throughout the United States
2 min read · 09 October 2012
AXA Private Equity has appointed Olivier Berment as co-head of its private debt business. He will work alongside fellow co-head Cécile Mayer-Lévi under the overall leadership of Vincent Gombault, member of AXA Private Equity’s executive board and managing director of funds of funds and private debt.
3 min read · 09 October 2012
Michael Schreck has departed as CEO of Boston-based e-commerce software firm Zmags, writes Boston Business Journal. Schreck left as CEO of the company in July. The company's backers include OpenView Venture Partners and NorthCap Partners.
2 min read · 09 October 2012
Penton Media has backed a strategic alliance with Chicago-based energy efficiency information services company GreenPoint Partners to develop and commercialize Green Per Square Foot (PSF), a web-based energy efficiency marketplace. The service will launch in November and will enable building owners, managers and end-users to determine ways to operate more efficient facilities, and match up with solutions providers to help implement their plans.
3 min read · 09 October 2012
Global technology-enabled services provider Appirio is to acquire Knowledge Infusion. Appirio is backed by Sequoia Capital, GGV Capital and General Atlantic.
4 min read · 09 October 2012
Tonka Bay Equity Partners has backed P.T. International Corporation. Tonka Bay partnered with current management, including president Thomas Haffner, in this recapitalization transaction. Based in Charlotte, NC, PTI is a supplier of branded European and American standard (metric & inch) industrial power transmission products.
2 min read · 09 October 2012
