Chicago-based lower middle market investment firm Winona Capital Management put $13 million into Circa Inc., a buyer of jewelry and watches. Circa was advised by Consensus Advisors in the transaction. Specifics of the deal were not publicized.
2 min read · 24 May 2011
Waud Capital Partners’ Acadia Healthcare Co. has a deal in place with NYSE-listed PHC Inc. to merge in a deal that will result in the majority of the merged company’s shares being controlled by Acadia backers. Later, Acadia will move the company to the Nasdaq market. In connection with the transaction, Jefferies & Company, Inc. acted as exclusive financial advisor and Arent Fox LLP acted as legal advisor to PHC. Kirkland & Ellis LLP served as legal advisor to Acadia and Jefferies Finance LLC provided financing commitments to Acadia to support the transaction.
6 min read · 24 May 2011
Everyday Struggle: LivingSocial, Foursquare slug it out locally Disruptive: Updates from our competitor’s annual event What Gives? Fred Wilson, who earlier told us USV hadn’t made any secondary market exits, changes his tune Deals! Twitter buys Tweetdeck
1 min read · 24 May 2011
Identec Group, the RFID technology firm, just wrapped up a $7.5 million round to fund growth. The company did not publicize its advisors, the terms of the transaction or the investors that participated in the round.
3 min read · 24 May 2011
Wibiya, the web publishing solution and app platform, has been sold to Conduit. Terms of the deal were not publicized and advisors were not named. Wibiya CEO Dror Ceder will remain with the company after its sale.
3 min read · 24 May 2011
Shasta Ventures is reaching out to limited partners in preparation for its third fundraising, peHUB has learned. Shasta Ventures declined to comment for this story. Most of Shasta’s prior GPs are expected to participate in the fundraising. One source confirmed to peHUB that both of the California-based VC firm’s first two funds are expecting to generate....
2 min read · 23 May 2011
Gtrot, the site that intertwines social networking with travel sharing businesses, has locked down growth capital in the form of a Series A VC round from Lightbank. The company launched in late 2009, and is led by Brittany Laughlin and Zachary Smith. Specifics on the deal were not released.
3 min read · 23 May 2011
Private equity firm Kohlberg Kravis Roberts & Co. LP and International Finance Corp. led a Rs 4400 million investment in Magma Fincorp LTD, the non-deposit taking non-banking finance company. Ernst & Young (Advisory) and Wadia Ghandy advised Magma on the transaction. Ernst & Young (Transaction Advisory), McKinsey & Co., Simpson Thacher & Bartlett, AZB Partners and Kotak Mahindra Capital advised KKR on the transaction.
4 min read · 23 May 2011
Intel Capital, the investment arm of chip maker Intel Corp., has struck four deals across a few industries that total up to a $24.5 million deployment. News of the deals came at a briefing in New York Monday where Intel Capital President Arvind Sodhani told attendees the latest venture investments bring to $10 billion the total amount of capital deployed on incubator investments by the tech titan. Intel didn’t specify who got what from its VC arm, but the proud recipients of new funding include....
2 min read · 23 May 2011
3 min read · 23 May 2011
