Merlin Media, the media company created through a joint venture between GTCR in partnership with Emmis Communications, will launch FM News 101.1 in Chicago, the city’s only 24-hour news station. Merlin recently brought on board Tribune vet Randy Michaels to lead the entity as CEO.
6 min read · 01 August 2011
Would you invest in a company that only sold to one out of 80 leads? Or a company that typically took one year and three professionals just to close a single client? In fact, you’ve already made that investment: in your private equity or venture capital fund. According to our data, the median investor in private companies reviews over 80 opportunities in order to make one investment. The median private equity fund required 3.1 investment team members to close one transaction in one year....
5 min read · 01 August 2011
DoughMain, the service that works to combine family coordination and financial education, has completed a $5 million funding that will be used in its launch and expansion. The angel investors were not publicized.
2 min read · 01 August 2011
Lucid Commerce, the TV targeting and measuring company, raised $8 million from a group of investors including Rho Ventures, StarVest Partners, Positec USA, OVP Venture Partners and Greycroft Partners LLC. Rho led the round. Doug McCormick, venture partner at Rho Ventures, will join the company’s board as part of the transaction.
4 min read · 29 July 2011
VC Dixon Doll, one of the co-founders and general partners with DCM, will join DirecTV’s board of directors. During Doll’s career, he has spent eight years with Accel Partners, and would go on to found Doll Capital Management, the early-stage VC investor, in 1996.
2 min read · 29 July 2011
Acorn Energy, the listed, Delaware-based energy technology company, will sell its CoaLogix Inc. to private equity firm Energy Capital Partners, a PE firm focused on energy infrastructure. Acorn initially developed the company with an investment from EnerTech Capital Partners and CoaLogix executives in 2007, when it bought SCR-Tech LLC. Merriman Capital, Inc. advised Acorn Energy in connection with the transaction.
3 min read · 29 July 2011
Chicago-based private equity firm Linden Capital Partners, a healthcare-focused organization, invsted in anatomic pathology laboratory Strata Pathology Services, which is based in Massachusetts. Specifics of the transaction were not publicized. Strata has operated since 1984; Linden operating partner Richard Novak worked on the transaction for the private equity firm. Linden will be represented on the board by managing partner Brian Miller and vice president Todd Van Horn.
3 min read · 29 July 2011
NanoDetection Technology, the Cincinnati-based in vitro diagnostic test platform system developer, has secured a $2.3 million from a group of 21 investors. The Series A round was oversubscribed. CincyTech led the round with a $400,000 commitment.
3 min read · 29 July 2011
As peHUB exclusively reported earlier this month, Wind Point Partners will sell its U.S. Security Associates, a contract guard services provider, to Goldman Sachs Capital Partners. Wind Point had operated the company since 1999; Jim TenBroek, a managing director with WPP, worked on the transaction for the private equity firm.
2 min read · 29 July 2011
Yext, the business listings company, raised $10 million from WGI Group, the lead investor, and Sutter Hill Ventures and Institutional Venture Partners. Funds will be used to fuel Yext PowerListings. The company was founded in 2006 by Howard Lerman, Brian Distelburger and Brent Metz.
4 min read · 29 July 2011
