Inverness Graham Investments, a lower middle market private equity firm based in suburban Philadelphia, has announced a controlled recapitalization of RACO Wireless, a machine-to-machine (M2M) enabler based in Cincinnati, Ohio. RACO's leadership team will remain intact, according to a release. Terms of the deal were not disclosed.
3 min read · 09 October 2012
A star pediatric surgeon and his UCSF colleagues are rethinking inefficient medical devices, and gaining momentum with their designs.
3 min read · 09 October 2012
Facebook's global VP of communications heads out the door after just 15 months, Blackstone looks to unload a property for $1.3 billion, 67 percent more than it paid for it 18 months ago, and Fortune features the eleven best new cars in America. And more!
1 min read · 05 October 2012
The European Bank for Reconstruction and Development (EBRD) , has committed $75 million to two new Russia and CIS-focused private equity funds that have collectively raised $1.45 billion in commitments. The funds are expected to primarily focus on consumer-oriented goods and services, as well as natural resources.
2 min read · 04 October 2012
SL Green Realty, which refers to itself as New York City's largest office landlord, has teamed up with an affiliate of Blackstone Real Estate Partners, Gramercy Capital and Square Mile Capital Management to jointly recapitalize a 31-property, 4.5-million-square-foot office portfolio in Southern California. Following the recapitalization, Blackstone is now the majority owner of the venture.
6 min read · 04 October 2012
Primerica, the Duluth, Ga.-based financial services company, is repurchasing 2,087,682 shares of Primerica common stock owned by Warburg Pincus at a purchase price of $28.74 per share. Following the transaction, Warburg will own approximately 15 percent of Primerica's outstanding common stock and approximately 20.7 percent including the warrants to purchase Primerica common stock that's currently held by Warburg Pincus.
3 min read · 04 October 2012
Burner Systems, a Chattanooga, Tenn.-based company that produces gas-fueled appliance components, has acquired certain assets of CEM S.A. Group of Chile, a Chilean-based maker of top burners, valves and other related components. Terms of the deal were not disclosed. Burner systems is backed by the private equity firm Aterian Investment Partners.
3 min read · 04 October 2012
Moscow-based Maxwell Biotech Venture Fund (MBVF), along with the Russian fund of funds RVC, has invested an undisclosed amount of money in the Russian biotech company Eleventa, which is trying to develop treatments for asthma and other allergic respiratory diseases.
5 min read · 04 October 2012
Longtime Kleiner Perkins partner Ellen Pao may have chosen an odd way to reveal to the world that she’s no longer working at the firm, taking to the social network Quora to announce the development. But from a financial, legal, and public relations’ standpoint, Kleiner Perkins may wind up the big loser in this latest chapter of its ongoing saga with Pao.
5 min read · 03 October 2012
Nick Hanauer, a Seattle-based venture capitalist who was among the first investors in Amazon.com, is among a number of critics of GOP Presidential candidate Mitt Romney--despite his benefiting from economic policies the Republican candidate would likely support were he elected next month.
4 min read · 03 October 2012
