Private Equity
Edo, the personalized card-linked promotion company, landed $15 million from VantagePoint Capital Partners, which led the round, as well as Baird Venture Partners and other existing investors. The funding brings edo’s total funding to $54.3 million. The company has offices in Chicago and Nashville.
4 min read · 14 September 2012
Better head out and get your big sodas now, New Yawkas! Yale's pension (and its CIO) are taking on perhaps the toughest challenge they've faced to date, and a comedian challenges the Romney campaign. That's how we're closin' out the week.
1 min read · 14 September 2012
San Francisco-based advertising startup Linqia is raising just under $4.5 million--and it still has $1 million of equity to relinquish, according to a filing submitted to the SEC. The filing states that of about $4.475 million, the company has already sold $3.475 million. The company was founded in 2011 by Maria Sipka and Nader Alizadeh. Jed Katz is also listed as a director on the filing.
1 min read · 13 September 2012
Billeo, the California-based startup that provides online transactions, is raising some new capital, according to a filing with the SEC. The company is offering a $6.25 million round that still has just under $2 million remaining to be sold, the filing stated. Prior backers include Altos Ventures, ATA Ventures, Pacifica Fund and Claremont Creek Ventures.
1 min read · 13 September 2012
Aerohive, the California-based Wi-Fi and cloud enterprise networking company, has taken on a $22.5 million round of mezzanine equity financing led by VC Institutional Venture Partners. Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, New Enterprise Associates, Northern Light and Four Rivers also participated in the funding. Aerohive was founded in 2006 and had previously raised $72 million in funding, according to a statement.
4 min read · 13 September 2012
Oak Hill Advisors is adding a pair of managing directors. Dalia Cohen is joining as MD and head of investor relations, she comes from JLL Partners. Eric Storch is also climbing on board from GSO’s Customized Credit Strategies Group, where he was MD and co-head of institutional marketing.
2 min read · 13 September 2012
Unipex Group, the maker and distributor of specialty chemicals for a variety of clients, has been dealt. AXA Private Equity will sell it to IK2007 Fund, which is advised by IK Investment Partners, in a deal that is anticipated to close by the end of the month. AXA acquired Unipex from Atrium Group in 2008.
5 min read · 13 September 2012
Listed, Washington DC-based private equity firm the Carlyle Group will acquire a 60% stake in Tok&Stok, a Brazilian furniture retailer, for an undisclosed price. The company’s founders will retain a 40% stake. Carlyle used capital from its South America Buyout Fund, and another local fund, advised by the firm and Banco do Brasil.
1 min read · 13 September 2012
Azalea Capital’s Orbital Tool Technologies has acquired Turbine Engineering Concepts Inc., a Gainesville, Georgia-based steam turbine component repair and service company. Specifics of the deal were not publicized. Azalea Capital is based in Greenville, SC, and Orbital is based in Belvidere, IL.
2 min read · 13 September 2012
The Gores Group’s affiliate, P-Wave Holdings LLC, has provided listed, California-based wireless communications network solutions provider Powerwave Technologies a $50 million senior secured credit line, of which the lenders advanced $35 million to the company. The new agreement also includes an accordion feature that allows the company to access up to $100 million more from lenders.
2 min read · 13 September 2012