Eamon Murphy

Waud Capital partners with Ivy Rehab execs in management buyout

Waud Capital Partners joined executives at Ivy Rehab Network Inc. to effectuate a management buyout of the company. Michael Neuscheler, CEO and founder of Ivy, and Dave Franklin, president of Ivy Midwest, partnered with Waud, which was seeking an entrance to the outpatient rehab therapy market. Industry executive Jeremy VanDevender will join the senior leadership team as president and chief revenue officer of Ivy Northeast.

Silicon Valley Bank provides $40 mln financing to cloud company Intaact

Cloud ERP software provider Intaact secured an additional $40 million of financing from Silicon Valley Bank. The new funding adds to previous investments by Battery Ventures, Bessemer Venture Partners, Costanoa Venture Capital and others.

Petsky Prunier advises BioPharm on pending sale to Omnicom Health Group

Petsky Prunier advised BioPharm Communications on its pending sale to Omnicom Heath Group, part of Omnicom Group Inc. BioPharm, which provides marketing programs to doctors for pharmaceutical clients, was a portfolio company of Southfield Capital.

ID data company Drawbridge raises $25 mln in Series C led by Sequoia

Sequoia led a $25 million Series C funding in Drawbridge, a technology company that provides cross-device identity data. Existing investors Kleiner Perkins Caufield Byers and Northgate Capital also participated.

Merck Global Health hires new head of VC investments

Merck & Co's venture investment arm, Merck Global Health Innovation Fund, appointed Francesca Domenech Wuttke as a managing director. Wuttke, who previously led Almiral, S.A.'s medical M&A team, will oversee venture capital investments, with a focus on digital healthcare innovation.

PE HUB Second Opinion

To wrap up your Wednesday, the owner of the NYSE won't bid for its London rival, and Gannett won't acquire Tribune Publishing. Adidas might sell its golf unit, and Uber's got a new global advisory board.

GTCR finalizes acquisition of communications platform Onvoy

GTCR completed its acquisition of Onvoy, LLC from Communications Infrastructure Investments. Based in Minneapolis, Onvoy provides wholesale voice and messaging communications services.

Kohlberg buys Interstate Hotels from Thayer Lodging and Jin Jiang

Kohlberg & Company LLC acquired Interstate Hotels & Resorts from Thayer Lodging and Jin Jiang International Hotels. Interstate, a third party hotel manager, will continue its M&A activities and retain its senior management team.

Black Diamond hires Robert Simon to lead Bayou Steel Group

Black Diamond Capital Management, L.L.C. announced the hiring of Robert Simon as CEO of the Bayou Steel Group, which produces and sells long carbon steel products in North America. Simon previously led the structural and rail division of Steel Dynamics, Inc. Also joining the company are Alton Davis and Jim Howe as president/COO and VP of sales, respectively.

Sirnaomics raises $10 mln in Series B funding led by Value Measured

Hong-Kong based Value Measured Investment Limited led a $10 million Series B financing in Sirnaomics, Inc., a biopharmaceutical company focusing on RNAi therapeutics. The funding will go towards development of anti-fibrosis treatments, with a Phase I clinical trial planned for early second half of 2016.