Private Equity
Source Refrigeration & HVAC, an Anaheim, Calif.-based provider of commercial refrigeration and HVAC services in North America and a portfolio company of the private equity firm Arsenal Capital Partners, has acquired Fournier Air Conditioning and Refrigeration, based in Jacksonville, Fla. Terms of the deal aren't being disclosed.
3 min read · 28 March 2013
Brad Feld, cofounder of the Boulder-based venture capital firm Foundry Group, has joined the board of Harmonix Music Systems, a video game development company in Cambridge, Mass.
1 min read · 28 March 2013
The Carlyle Group, the publicly traded asset manager, has closed a $623 million C.L.O. fund (typically a collection of large loans made by banks to corporations with higher amounts of leverage). It's the firm’s second new-issue CLO of the year. Carlyle Global Market Strategies CLO 2013-2 will invest in corporate leveraged loans and high yield bonds. Morgan Stanley arranged the transaction.
2 min read · 28 March 2013
It's clear that fewer seed-funded companies are receiving follow-on rounds right now. For nascent startups, it's certainly cause for hand-wringing. But already venture-backed companies that are gaining traction should also be concerned about what this trend means for them -- specifically, more investor visits.
3 min read · 27 March 2013
Egnyte, a Mountain View, Calif.-based company focused on enterprise file sharing and synchronization, has appointed Mike Klayko to its board of directors. Klayko is an enterprise storage veteran and a former CEO of Brocade.
3 min read · 26 March 2013
JMP Group, a San Francisco-based investment bank and asset management firm, has appointed Jeffrey Porphy as a managing director. Porphy, who will focus on M&A and serve as head of financial sponsors coverage, comes to JMP from Cowen & Co., where he held the same role.
2 min read · 26 March 2013
ZeaKal, a San Diego-based plant science company spun out of Kapyon Ventures, has raised $3.8 million led by Finistere Ventures, Two Oceans and the Missouri Soybean Merchandising Council.
2 min read · 26 March 2013
Kleiner Perkins Caufield & Byers is teaming up with the talent and literary agency United Talent Agency and USC's Viterbi School of Engineering to create what's being called the Viterbi Startup Garage, an accelerator that will provide financial and other resources to select USC students and alumni. Applications will be accepted through Monday, April 22. Ten teams will then be chosen; they'll work out of USC’s Information Sciences Institute in Marina Del Rey for twelve weeks beginning May 28.
5 min read · 26 March 2013
Greenbriar Equity Groupis moving forward with its previously-announced plans to acquire all outstanding shares of EDAC Technologies, a Farmington, Conn.-based maker of aerospace and industrial components.
6 min read · 26 March 2013
Neuralstem, a Rockville, Md., company whose technology is aimed at fostering hte production of human's neural stem cells in commercial quantities, has secured $8 million in debt financing with Hercules Technology Growth Capital to fuel the company's capital budget through late 2014. Hercules is a specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets.
4 min read · 26 March 2013
