Luisa Beltran

Veritas closes buy of GE's embedded systems business

Veritas Capital has completed its buy of the embedded technology and systems business from General Electric Company. It has renamed the Huntsville, Alabama-based company Abaco Systems Inc.

Boundless raises more than $5 mln

Boundless said Thursday that it raised more than $5 million in Series B funding led by Motorola Solutions Venture Capital. Existing investors Vanedge Capital and In-Q-Tel also participated in the round. New York-based Boundless provides open source “geospatial” software and services, which use location-based mapping technology.

Worldwise completes recapitalization

Worldwise, a portfolio company of Mistral Equity Partners, has recapitalized with a $31.4 million loan from Monroe Capital LLC. Worldwise said it will us the additional capital to support ongoing product development, channel & market expansion, as well as future acquisition.

ItsOn raises $12.5 mln

ItsOn said Thursday that it raised $12.5 million in Series D funding led by Delta Partners Capital Ltd. Verizon Ventures, Andreessen Horowitz, Tenaya Capital and other existing investors provided follow-on investments. Redwood City, California-based ItsOn provides a services platform for mobile operators.

O3b Networks raises $460 mln

O3b Networks said Thursday that it has closed a $460 million in incremental financing. O3b, of St. Helier, Jersey, Channel Islands, is a satellite service provider operating a satellite network for telecommunications operators, Internet service providers, enterprise and government customers in emerging markets. Investors include SES, Google, Liberty Global, HSBC Principal Investments, Northbridge Venture Partners, Allen & Company, Development Bank of Southern Africa, Sofina, Satya Capital and Luxempart.

Estancia buys minority stake in Redwood Investments

Estancia Capital Management said Wednesday that it has acquired a minority non-controlling interest Redwood Investments LLC. Financial terms weren’t announced. Newton, Massachusetts-based Redwood is an investment management boutique, specializing in managing Large and Small Capitalization Equity portfolios.

TPG Growth buys 28% of Asiri Hospital Holdings

TPG Growth said Thursday that it has acquired a 28 percent stake in Asiri Hospital Holdings from Actis. Financial terms weren’t announced. Asiri is a multi-speciality private healthcare business in Sri Lanka and is controlled by the Softlogic Holdings Plc.

Golub in loan that backs Audax's buy of Active Day Senior Care

Golub Capital said Wednesday it provides a loan and equity co-investment to support Audax Private Equity’s buy of Active Day Senior Care. Active Day operates adult day health services in the United States with 80 locations across the country.

Dynacast to acquire Tek-Cast Inc./MH Machining

Dynacast has agreed to buy Tek-Cast Inc./MH Machining Group. Financial terms weren’t announced. Bensenville, Illinois-based Tek-Cast is a zync and aluminum die caster and machining company. Partners Group acquired Dynacast in January.

Seerene raises $5 mln

Seerene said Wednesday that it raised $5 million in seed funding led by Earlybird Venture Capital. Other investors also participated. Potsdam, Germany-based Seerene is an advanced analytics spin-off of the Hasso Plattner Institute.