Private Equity
VC-backed TxVia has apointed Donald W. Layden as an independent director. Txvia is backed by Bain Capital Ventures and Oak Investment Partners. The company provides an advanced operating system to enable emerging payments and financial services.
2 min read · 12 October 2011
2 min read · 11 October 2011
Open source web server developer NGINX has attracted $3 million in a fully subscribed Series A round. The investment includes funding from BV Capital and Runa Capital and an entity affiliated with MSD Capital, the private investment firm for Dell Inc. Chairman and CEO Michael S. Dell. The funding will be used to support the company's plans for its new commercial arm, Nginx, Inc., and its expansion into the US.
4 min read · 11 October 2011
Bay Grove Capital, an investment firm based in San Francisco, has acquired Richmond Cold Storage Company, a third party warehousing logistics company headquartered in Richmond, Virginia. RCS will join Bay Grove’s family of cold storage companies, which includes Terminal Freezers, Flint River Services and West Coast Cold, the parent of CityIce and Seafreeze Cold Storage.
2 min read · 11 October 2011
New Dehli-based One97 Communications Limited, a mobile Internet company, has secured a significant amount of funding from SAP Ventures.
2 min read · 11 October 2011
European private equity firm Vitruvian Partners has invested in College Group, valuing the business at approximately 45 million pounds ($70.3 million). College Group management and staff will continue to retain a substantial equity investment in the business, in partnership with Vitruvian.
4 min read · 11 October 2011
eFront, a provider of software for the alternative assets sector, is launching a new benchmarking solution to meet the specific needs of Limited Partners in the private equity sector. The new service, called Pevara, is a web application offering performance monitoring and benchmark analysis. It enables the LP to conduct independent analysis of investment returns, monitor industry performance trends and conduct like-for-like comparisons of investments for consistent, accurate risk reporting and asset allocation monitoring.
4 min read · 11 October 2011
CapMan Russia, a Russian private equity fund managed by CapMan, has acquired a 29% share in Russian laboratory analytical equipment manufacturer Lumex Instruments. The company has operations in Russia, the CIS, China, the European Union, the US and Canada. Financial details of the acquisition were undisclosed.
2 min read · 11 October 2011
Google has acquired SocialGrapple, a social graph analytics service which started up a year ago.
1 min read · 11 October 2011
Renaissance Learning, a provider of technology-based school improvement and student assessment programs for K-12 schools, has received an unsolicited, revised definitive acquisition proposal from Plato Learning. Under the revised definitive proposal, Plato Learning proposes to acquire all of the outstanding shares of Renaissance Learning for an aggregate purchase price of approximately $496.0 million. Renaissance Learning previously announced that the company and the Permira Funds entered into an amendment to the definitive merger agreement dated August 15, 2011 under which a company formed at the direction of the Permira Funds will acquire all of the outstanding shares of Renaissance Learning.
8 min read · 11 October 2011
