UK-based Business Growth Fund (BGF) has announced two investments of follow-on capital into two of its portfolio companies. It has re-invested in Mexican street food chain, Barburrito and budget gym chain, Xercise4Less.
3 min read · 29 May 2014
FFL has completed a CAN$60 million investment in SNAP Financial Group. Headquartered in Vancouver, British Columbia, SNAP is an independent consumer lender in Canada, primarily in the home and auto finance segments.
3 min read · 29 May 2014
This morning First Read brings you links to a new investment approach from family offices, ten tips for launching your first private equity fund, CPP Investment Board recruiting in New York and a directory of biotech-focused VC firms.
1 min read · 29 May 2014
Message Bus, a provider of cloud-based email infrastructure, has closed $4 million in funding, bringing its total raised to $18 million. The round was led by previous investor True Ventures. Original investors North Bridge Venture Partners and Ignition Partners also participated.
3 min read · 28 May 2014
Ancor Capital Partners, Merit Capital Partners and PNC Mezzanine Capital have acquired Identity Group Holdings Corporation. The business is a Cookeville, Tenn-based identity products manufacturer.
2 min read · 28 May 2014
Dream Industries has raised $3 million Series A funding from retailer Ulmart for the international expansion of its social reading service Bookmate. The funding comes as part of $6.5 million package from Ulmart to Dream Industries, with the balance allocated to other Dream Industries projects.
3 min read · 28 May 2014
Rackwise has closed a $3 million funding. The business is a developer of data center infrastructure management software and service solutions. The funding comes from the sale of a 12%, three-year convertible note in the principal amount of $3.3 million to an entity owned by Black Diamond Financial Group, an original investor in the company.
4 min read · 28 May 2014
PatientPay, a cloud-base patient billing and payment service, has secured a $2.5 million investment led by Mosaik Partners. PatientPay has raised arond $6 million in invested capital.
3 min read · 28 May 2014
Baird has appointed Terry Maxwell as a director of corporate development and strategic investment. Maxwell was previously at Baird for 20 years. He will be based in the Chicago office and will also serve on Baird’s Executive Committee.
2 min read · 28 May 2014
Oxford Capital has led a $5 million funding round for Outplay Entertainment Ltd, a developer of Free-to-Play mobile games. Pentech Ventures and the Scottish Investment Bank also participated in the round.
3 min read · 28 May 2014
