Lextron Inc., the Colorado-based animal health product distributor, has acquired Animal Health International from Charlesbank Capital Partners. The exit comes after a six-year hold for the Massachusetts-based private equity firm. Charlesbank Capital Managing Director Brandon White worked on the investment in Animal Health International for the private equity firm.
2 min read · 13 June 2011
CIT Vendor Finance is backing MAGE SOLAR USA, and together, the two businesses will operate a financing program for the MAGE GROUP that will make more accessible the alternative energy provider’s panels for commercial users. MAGE SOLAR is based in Georgia.
3 min read · 13 June 2011
A Bold Call: 247wallst says Microsoft will whip Apple in the next four years Sacre Bleu! IMF gets whacked by cyber attack Tweeting Too Hard: Biotech execs will need to start keeping an eye on Twitter Theyyyyyy Are the Champions! Mavs smack Heat down for NBA title
1 min read · 13 June 2011
Lately, new investors have been popping up from coast to coast in professional sports teams deals. As entrepreneurs’ companies and PE and VC portfolios rebound, some of the boldface names in charge of them are loosening purse strings to make the mega-ego purchases of professional ballclubs. That means that, possibly, PE pros Josh Harris and Steve Pagliuca could find themselves in a dispute not over how the carry is split in a club deal, but over who carried the ball the previous night in the Celts-76ers game. Although these investors are savvy when it comes to LBOs, IPOs and dividend recaps, things haven’t always panned out the way they’ve wanted on the diamond/gridiron/hardwood/ice....
4 min read · 12 June 2011
Internet companies are pushing smaller portions of their equity onto public markets at a volatile time and still seeing stock values increase almost instantaneously. For now, the practice is helping tack bigger price tags onto VCs’ assets, but if and when a major market disruption occurs, these newly-listed darlings may later see secondary offering attempts flounder. Low-float IPOs are all the rage right now....
3 min read · 10 June 2011
Rally Software, the Colorado-based software technology firm, has secured a $20 million round of fundraising from Meritech Capital Partners. Prior investors and debt providers include Mohr Davidow Ventures, Boulder Ventures, Mobius Venture Capital and Vista Ventures as well as Square 1 Bank.
3 min read · 10 June 2011
Huntington Capital Fund II, the San Diego-based lower middle market private equity mezzanine fund, has invested in Vertical Management Systems Inc., a California-based technology company working with financial services companies. Madison Street Capital, LLC acted as the exclusive financial advisor in arranging the financing. Specifics were not publicized.
3 min read · 10 June 2011
Better Luck Next Time! Hillary reportedly now eyeing being in charge of the World Bank? PE was On to Something: Short bets against retail vanish “Get with the Program”: Incoming NYT boss Jill Abramson begins tweeting Depends on Who You Ask: Google either has bought, or wants to buy, Admeld
1 min read · 10 June 2011
The Robert Allen Group, a New York-based maker of decorative fabrics, has taken an investment from Altamont Capital Partners. Specifics of the transaction were not publicized Stifel Nicolaus Weisel served as Robert Allen’s financial advisor on the transaction.
2 min read · 09 June 2011
Tyco Retail Solutions has led a new financing in Kovio Inc., the printed silicon electronics company based in California. Current investors Kleiner Perkins, Caufield & Byers, DAG Ventures, Northgate Capital, Harris & Harris, Flagship Ventures and Pangaea Ventures also participated in the funding round.
2 min read · 09 June 2011
