Private Equity
GV, formerly Google Ventures, lead a $28 million Series B funding in CoreOS, which deploys, manages, and secures software containers. Others participants included Intel Capital and existing investors Accel, Fuel Capital, Kleiner Perkins Caufield & Byers and Y Combinator Continuity Fund. CoreOS's total funding to date is $48 million.
5 min read · 09 May 2016
Amadeus Capital Partners and Albion Ventures led an $11 million investment in Relayware, a provider of partner relationship management software. In 2013 Albion invested $5.5 million in Relayware, which has operations in Oxford, U.K, New Jersey and California. The new capital will be used to drive growth in the U.S. market, with a focus on technology and manufacturing companies.
4 min read · 09 May 2016
Early-stage venture capital firm Benchmark announced the appointment of Chris Tsakalakis as its newest Entrepreneur-In-Residence. Tsakalakis, who served as president of StubHub after leading eBay's acquisition of the company, plans to pursue new opportunities in e-commerce, marketplaces and health tech.
2 min read · 09 May 2016
To end your workweek, wealthy families are now investing like private equity firms, buying up whole companies, and Lenovo is launching a new fund targeting advanced technology.
1 min read · 06 May 2016
Fuel and chemical company Aemetis agreed to acquire Edeniq, an ethanol technology company, in a stock plush cash merger transaction. Founded in 2008 and headquartered in Visalia, California, Edeniq has raised approximately $100 million from backers including Kleiner Perkins Caulfield & Byers, Draper Fisher Jurvetson, Angeleno Group, The Westly Group, I2BF Global Ventures, and the US Department of Energy. The transaction is subject to approval by Edeniq's shareholders and the closing of financing by Aemetis.
4 min read · 06 May 2016
Narrow Gauge Capital acquired a majority stake in SEI Group, an installer of residential building products for contractors in the metro Atlanta area. Existing owners Eric Cunningham and Matt Hopkins will retain their management positions and a significant ownership stake. Goldman Sachs provided senior debt financing, as well as co-equity investment along with Siguler Guff. Advising SEI were Croft & Beder (financial) and Taylor English Duma LLP (legal). Brad Stewart of The Capital Solutions Group advised NGC on debt financing, and Winston & Strawn was the firm's legal counsel.
4 min read · 06 May 2016
Spanos Barber Jesse & Co. announced an investment in Stat Health Management, LLC, an urgent care company in Long Island, NY. The new capital will be used to expand within Stat Health's current region and to pursue acquisitions. Terms were not disclosed.
2 min read · 06 May 2016
Anaqua, Inc., a portfolio company of Insight Venture Partners, announced the appointment of Justin Crotty as CFO. Crotty, formerly a partner at Oliver Wyman, succeeds Dan Wallace. Anaqua provides intellecutal property management software to corporations and law firms.
2 min read · 06 May 2016
Hotung Group and CDIB Capital Management led a $12.5 million Series B funding in ACT Genomics. Based in Taipei, ACT provides genomic profiling assays and molecular information to oncologists and biopharmaceutical clients. Existing investors Eminent II VC, Hua Nan Venture Capital, President International Development and UMC Capital also participated.
1 min read · 06 May 2016
Australian investment manager QIC agreed to acquire an 80 percent interest in the North Australian Pastoral Company, a producer of beef. Sellers were the company's largest shareholder, the Foster family, and UK-listed MP Evans. The Foster family will retain an interest of approximately 20 percent, while QIC-advised funds including Australian supperannuation capital and the UK-based Pension Protection Fund will hold the remainder. Advising QIC were Deloitte Corporate, PricewaterhouseCoopers and McCullough Robertson.
5 min read · 06 May 2016
