Wednesday's First Read brings you snippets of African, Australian and Indian private equity as well as the latest on CVC's sale of a 10 percent stake to investors and how to become a venture capitalist.
1 min read · 19 September 2012
Imaging3™, a developer of a medical imaging device company, has filed for bankruptcy. The company has developed a device that produces 3D medical diagnostic images of the human body in real-time.
2 min read · 18 September 2012
Chama Technologaes has signed a special private placement agreement for USD $50,000,000 of equity line funding with Lambert Private Equity. Chama will use the funds to extract methane from Coal Basin Methane wells both pre-drilled and development properties. Chama also drills and develops onshore and offshore oil properties.
3 min read · 18 September 2012
Jupiter Asset Management has appointed Andrew Clark as head of private clients and charities. Clark has 17 years’ experience in the wealth management sector and will join Jupiter in early December 2012 from Schroders where he has worked as head of business development for the private banking division since April 2010.
2 min read · 18 September 2012
Private real estate investment fund manager AIC Ventures has purchased the 135,000 square foot industrial facility of Franklin, Massachusetts-based AR Metallizing, a portfolio company of H.I.G. Capital. AR Metallizing is a manufacturer of metalized papers.
2 min read · 18 September 2012
Global growth investor General Atlantic has opened a new office in Munich, Germany led by principal Jörn Nikolay. General Atlantic opened its first European office in 1998 and has invested over 2.5 billion euros ($3.3 billion) to support the growth of Europe-based companies since then.
2 min read · 18 September 2012
BLG Capital has reached a final close on BLG Turkish Real Estate Fund LP with total commitments of 142.4 million euros ($186.1 million). The opportunistic fund is focused on hospitality, high end residential, student accommodation and mixed‐use projects.
3 min read · 18 September 2012
Dutch clinical-stage biotechnology company Mucosis has appointed Thomas Johnston to the position of chief executive officer, effective immediately. Johnston joined Mucosis as chief business officer in May 2011, and succeeds Govert Schouten who is leaving the company to found an Internet start-up.
2 min read · 18 September 2012
Cambridge, Mass-based Ubersense has raised $1.1 million in seed funding. Atlas Venture, Google Ventures, Boston Seed Capital and various prominent angel investors have backed the sports technology company.
4 min read · 18 September 2012
Chicago-based Pivotal 5, a wellness and handheld fitness product provider has purchased fitness brand KettleWorx, a kettlebell training brand. KettleWorx joins Pivotal 5's portfolio of brands which also includes Rejuvenation | Prevent + Perform + Recover, Natural Fitness, and Body by Jake.
2 min read · 18 September 2012
