Toledo, Ohio-based media company Block Communications has made a multimillion-dollar investment in E. Viddal & Associates. The company is based in Based in Tampa, Fla and is a creator of a cloud-based publishing system software.
3 min read · 20 September 2012
The RGM Group, an online media firm for brand advertisers and publishers, has received a $21 million investment from Riordan, Lewis & Haden Equity Partners. The group has also hired Kurt Johnson as CEO. Company founder and previous CEO Kamran Razavi will remain a full-time, integral part of RGM’s leadership team as chief strategy officer.
6 min read · 20 September 2012
Financial services firm Accordion Partners has launched a new practice focused on CFO leadership services. The new practice will be led by John S. Brittain Jr, a 30-year industry veteran, who has previously held several CFO positions for Global Fortune 500 companies.
3 min read · 20 September 2012
Empire Investment Holdings has acquired CSS Studios from Discovery Communications. CSS is a US-based holding company that owns seven postproduction sound businesses.
4 min read · 20 September 2012
The Comvest Group, through its Comvest Investment Partners IV, L.P. fund is to merge FMI Products with its current portfolio company Lennox Hearth Products to create Innovative Hearth Products (IHP). IHP is a manufacturer of fireplaces, fireplace inserts, free-standing stoves, gas log sets, accessories, and venting products.
2 min read · 20 September 2012
Selexys Pharmaceuticals has completed a $23 million Series A equity financing, led by MPM Capital. Selexys has also entered into an agreement with Novartis Pharmaceuticals whereby Novartis has been granted an exclusive option to acquire Selexys and its lead asset, the anti-P-selectin antibody SelG1, following the successful completion of a Phase 2 clinical study in patients with sickle cell disease. Including upfront, acquisition and milestone payments, the agreement with Novartis could reach up to $665 million.
3 min read · 20 September 2012
San Jose, CA based biopharmaceutical company Colby Pharmaceutical Company has acquired Othera Pharmaceuticals of Conshohocken, PA. Financial terms of the transaction were not disclosed.
2 min read · 20 September 2012
Biotechnology company Aviir has secured $5 million in growth debt capital and a $3 million line of credit on receivables from Silicon Valley Bank to accelerate commercialization activities. Aviir was founded in 2005 by cardiologists and scientists from the Stanford University School of Medicine to focus on discovery, development and commercialization of innovative diagnostic tests.
3 min read · 20 September 2012
Thursday morning we bring you news on AEG's potential mega deal, Austalia's CVC boss quitting the firm and the top ten most powerful women in Russia.
1 min read · 20 September 2012
Panda Power Funds affiliate Panda Sherman Power has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas. The company will immediately start construction on the 204-acre site and expects commercial operations to begin by the end of 2014. Goldman Sachs and Credit Suisse arranged the senior debt financing for the plant. Ares Capital was the documentation agent.
4 min read · 19 September 2012
