Tonka Bay Equity Partners, a Minnetonka, Minn.-based private equity firm, has announced that one of its principals, Molly Simmons, has been elected as chair of the board of the Small Business Investor Alliance (SBIA). Simmons has served on the SBIA board for four years.
2 min read · 13 November 2012
Willow Laboratories, based in Lynn, Mass., has been acquired by Ampersand Capital Partners. Willow is a clinical and forensic toxicology laboratory that provides urine, hair, and saliva testing services to a wide range of healthcare providers, including treatment centers. Ampersand is a Boston-based, middle market private equity firm. Terms of the deal were not disclosed.
2 min read · 13 November 2012
Blueprint Medicines, a Cambridge, Mass.-based company that's developing cancer therapies, has made Chris Varma, its founding president and an entrepreneur-in-residence at Third Rock Ventures, its permanent president and CEO. The company has also named Daniel Lynch as executive chairman of its board. Lynch spent nearly five years at ImClone Systems, including as CEO and CFO.
4 min read · 13 November 2012
Simply Hired, the Sunnyvale, Calif.-based job search engine company, has appointed James Beriker as president and CEO. Beriker recently led targeting and performance businesses at Yahoo; he also cofounded Search123, one of the first pay-per-click search engines, which was acquired by ValueClick in 2003.
4 min read · 13 November 2012
The Chicago-based, middle-market lender and investor Monroe Capital has launched a new healthcare finance company to provide greater liquidity to middle-market healthcare companies. The new firm is called MC Healthcare Finance; it's being led by James Irwin, the former founder of Meridian Healthcare Finance; and it will target companies across the U.S.
3 min read · 13 November 2012
The controversial Chicago-based investment firm Advanced Equities is shutting down, Jefferies Group is selling itself to Leucadia National Corp., its biggest shareholder, for $2.76 billion, the FTC appears to be on the verge of suing Google, and so much more!
1 min read · 13 November 2012
Private equity deals in Israel fell dramatically in value if not in terms of pace in the third quarter, according to new data out of the IVC Research Center. Sixteen deals, valued at $272 million, were completed, according to the firm’s data. Meanwhile, in the second quarter of this year, 14 deals were sewn up at a collective value of $1.6 billion.
2 min read · 12 November 2012
Recently, the San Francisco-based venture firm Scale Venture Partners began working with the University Venture Fund -- one of the largest student-run funds in the country -- to figure out which mobile business productivity apps are the most popular and why.
3 min read · 09 November 2012
Mats Lönnqvist has been elected to the board of Stockholm-based Payair Technologies, a privately held mobile commerce company. Lönnqvist has previously served as the CFO and vice chairman of the SAS group, as well as in roles at Eniro, Ratos, Securum, Pharmacia and Esselte.
2 min read · 08 November 2012
Maitland, a Luxembourg-based company that offers legal, tax, fiduciary, investment and fund administration services to private, corporate and institutional clients, has acquired hedge fund administrator Admiral Administration, based in the Cayman Islands. Terms of the deal were not disclosed.
2 min read · 08 November 2012
