Oak Hill Capital Partners added Dolf Berle to its Dave & Buster’s restaurant chain asset as its president and COO, the investment firm announced. Oak Hill Capital initially invested in the chain in May 2010. Previously, Berle had served as executive VP of hospitality for ClubCorp USA.
3 min read · 19 January 2011
Empire Investment Holdings’ Gene Bardakjy, Chris Cummings, Michael Greif and Paul Miller are all taking on managing director roles with the firm. Bardakjy was formerly COO and will lead due diligence on new deals; Cummings, former CTO, will also remain a member of the firm’s oversight and investment committee. Greif, former legal chief, will continue to work on new acquisitions’ transition into the Empire portfolio and Miller, former senior VP of M&A, will continue working on business development and investment decisions.
2 min read · 19 January 2011
Avira Security Ventures, also known as the Freemium Fund, is launching a $10 million seed-stage investment fund to back companies focused on security, privacy, and identity protection technologies. More information will become available on Jan. 25, when the firm opens its San Francisco office. Contact rich@rocketscience.com for more details.
1 min read · 18 January 2011
Private equity firm Riverside Partners will sell its Vocollect, a voice-centric solutions provider for mobile workers, in a $190 million transaction to Washington-based Intermec. Goldman Sachs advised the strategic buyer in the transaction; Boston-based Riverside Partners invested in Vocollect in 2009.
3 min read · 18 January 2011
NewSpring Capital, the Pennsylvania-based private equity firm, invested an unspecified amount in Raritan Inc., the New Jersey-based power management and efficiency firm, from its Newspring Growth Capital II Fund. Marc Lederman will join Raritan's Board of Directors in conjunction with NewSpring's investment.
4 min read · 18 January 2011
Private equity firm Windjammer Capital Investors exited its investment in MacLean Power Systems, the firm revealed. Over Windjammer's 8-year holding period, the investment in MPS generated total proceeds of $128.2 million on $30.6 million of invested capital.
2 min read · 14 January 2011
International private investor First Reserve, an energy PE firm, has promoted eight professionals, including five members of its investment team. Among those promoted are Jeffrey K. Quake, now a managing director and Edward T. Bialas, Michael G. France, Dod E. Wales and Neil A. Wizel, each directors.
3 min read · 14 January 2011
Apparel retailer Anchor Blue has started going out of business sales at its 117 stores after it filed for bankruptcy on Tuesday for the second time in less than two years, according to court documents.
2 min read · 13 January 2011
OnSwipe, the tablet advertising company, has raised $1 million from investment firms including Boston-based Spark Capital, Betaworks and ENIAC Ventures. Angel investors Dharmesh Shah, Jennifer Lum, Roy Rodenstein and Wayne Chang also contributed to the funding round.
3 min read · 13 January 2011
Boston-based investment firm Madison Parker Capital has made an investment in Paper House Products, a maker of scrapbooking products and gift items. Paper House is based in Saugerties, N.Y. Brent Brown, Managing Partner of Madison Parker Capital, will join the Paper House Board of Directors.
2 min read · 13 January 2011
