Jonathan Marino

Tengram Capital Backs Geller Beauty

Tengrap Capital Partners, the Connecticut-based private equity firm concentrating on retail and consumer brands, will invest in Laura Geller Beauty, a cosmetic brand developed by makeup artist Laura Geller. Specifics of the deal were not publicized.

Ridgemont Equity Partners: We’re JAM-ming

JAM Distributing Co., a distributor of lubricants, fuel and other products, has been acquired by North Carolina-based private equity firm Ridgemont Equity Partners. Specifics on the deal were not publicized. JAM is based in Houston.

Topo Athletic Launches with $5M A-Round

Topo Athletic is being launched in Massachusetts by Tony Post, the former CEO and president of Vibram USA. Norwest Venture Partners funded the startup. Topo is an athletic gear company.

Dell Strikes Credant Deal

Dell, the Texas-based technology company, will buy Credant Technologies, a provider of data protection solutions. Specifics of the deal were not publicized. The Texas-based startup’s backers include Intel Capital and Austin Ventures.

Fab Takes on a New Investor

Fab is taking on The Times of India Group and its Times Internet arm as its latest investor, raising what the company only called a “7-figure investment” in the company. Other specifics were not publicized; Satyan Gajwani, CEO of Times Internet Group fostered the deal. Fab has raised more than $150 million since its 2011 inception. Other backers include Andreessen Horowitz, Baroda Ventures and Mayfield Fund.

IOP Strikes Manufacturing Deal for Fourth Exit

Industrial Opportunity Partners, the Illinois-based PE firm, sold portfolio company Center Manufacturing to Mayville Engineering Company. It is the fourth exit from IPO’s initial $185 million fund. Center is based in Byron Center, Michigan. Specifics were not publicized.

Avaxia Biologics Nets $6.4M

Cherrystone Angels led a $6.4 million round in Avaxia Biologics, a Massachusetts-based clinical-stage biopharma company. Golden Seeds, the Beta Fund, Granite State Angels, the Keiretsu Forum, and Maine Angels, all new investors, and existing backers Beacon Angels, Boston Harbor Angels, Launchpad Venture Group, Mass Medical Angels and North Country Angels all participated in the round.

DioGenix Gets Prescribed $1.5M

DioGenix, the Gaithersburg, Maryland-based molecular diagnostics company, announced it has raised $1.5 million. Nerveda LLC, a life science fund, participated in the Series B round.

Accel Partners Makes Plex Systems Deal

Plex Systems, the Michigan-based cloud company for manufacturers, is taking $30 million from Accel Partners in a round of financing. Sameer Gandhi of Accel will join the company’s board as part of the deal, where already, Francisco Partners is represented.

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