Eamon Murphy

PE-backed Data Dimensions promotes new VP of operations

Data Dimensions, a portfolio company of HealthEdge Investment Partners, LLC, promoted Kathy Miller to vice president of operations. Data Dimensions, which provides information management and process automation services to businesses, is also looking to fill up to seventy positions with new hires.

Warburg Pincus agrees to acquire majority stake in inexio KGaA

An affiliate of Warburg Pincus agreed to acquire a majority stake in inexio KGaA, a provider of high-speed internet in Germany. The transaction is valued at approximately 250 million euros ($285 million). Existing investor Deutsche Beteiligungs AG is also participating in the funding.

Unilever Ventures injects £500,000 into blow LTD

Unilever Ventures invested £500,000 in blow LTD, a London-based on-demand beauty services provider. The investment came during blow's equity crowdfunding, which raised over £1.1 million from more than 210 investors.

RetraceHealth raises $7 mln in Lemhi-led Series A

Concierge healthcare startup RetraceHealth raised more than $6.5 million of funding through a Series A round led by Lemhi Ventures. Previously this year the company raised $1 million from Blue Cross and Blue Shield of Minnesota, HealthEast Care System (Minnesota) and McKesson Ventures.

Acquisition of majority stake in Radius Bancorp by group including PE firms closes

A transaction involving PE firms Patriot Financial Partners, GCP Capital Partners, and BayBoston Capital received regulatory approval and has closed. The group of private investors acquired approximately 95 percent of Radius Bancorp, Inc. and committed an additional $18 million, for a total investment of $63 million.

PE HUB Second Opinion

To wrap up your Tuesday, there's a new champion of private equity investment in Latin America.

Convercent snags $11 mln in Series C led by Tola Capital

Tola Capital led an $11 million Series C funding round in Convercent, a provider of compliance management software. Sapphire Ventures and other existing investors also participated.

Insurance startup Bunker raises $2 mln in seed round co-led by Comcast, Route 66

Comcast Ventures and Route 66 Ventures co-led a $2 million seed funding round in Bunker, a San Francisco-based insurance technology startup. Also participating were insurance carries Hiscox and American Family Ventures. Bunker plans to launch its first product this summer and is focused at present on serving the insurance needs of small businesses.

Juggernaut closes third fund at $380 mln

Washington, DC-based Juggernaut Capital Partners closed Juggernaut Capital Partners III, L.P., a $380 million investment fund that will focus on investing in consumer and business services companies in the lower middle market. Proskauer Rose LLP acted as legal counsel in the fund's formation.

Warburg-backed Ghostery secures patent for privacy compliance technology

Ghostery, a privacy compliance technology company backed by Warburg Pincus, LLC, received a US patent for Managing and Monitoring Digital Advertising. Headquartered in New York City, Ghostery provides software that analyzes online content to identify elements related to targeted advertisements.