Chicago-based private equity firm Water Street Healthcare Partners will buy OraPharma from personal care conglomerate Johnson & Johnson. Specifics on the transactions were not disclosed and the PE firm will install former Janssen Pharmaceutica President Janet Vergis to serve as CEO of its latest acquisition.
3 min read · 05 January 2011
4 min read · 05 January 2011
KnowledgeVision Systems, the Massachusetts-based maker of multimedia presentation tools, closed $2 million in Series A financing from a group of investors led by GrandBanks Capital. The company will take GrandBanks’ Jeffrey P. Parker and Charles R. Lax as its newest members of its board of directors.
3 min read · 04 January 2011
TPG Capital, the Texas-based private equity firm, completed its acquisition MacDonald, Dettwiler and Associates’ property information business. The private equity firm appointed Chris Cartwright to serve as CEO of the business. The transaction was initially announced in November 2010.
3 min read · 04 January 2011
Bunker Hill Capital, the Boston-based private equity firm, has partnered with SunBriteTV’s founders and management in a recap deal. SunBriteTV makes LCD televisions that withstand outdoor elements for advertising and other purposes. SunBriteTV co-founders Larry Kaiser and Tom Weaver will remain stakeholders and will continue to oversee the company’s operations.
3 min read · 04 January 2011
North Carolina-based private equity firm Pamlico Capital acquired the majority stake in CLEARLINK Technologies, the Utah-based supplier of performance-based customer acquisition solutions. CLEARLINK was advised by financial advisor Petsky Prunier Securities and legal advisor Holland & Hart LLP. Pamlico was advised by Alston & Bird LLP.
3 min read · 04 January 2011
Private equity firm Bruckmann Rosser Sherrill & Co. completed its sale of Seroyal to Atrium Innovations Inc. Seroyal sells nutritional supplements under the Genestra and Pharmax brands. The sale was the first exit for BRS Fund III, netting a gross IRR of approximately 77 percent.
3 min read · 04 January 2011
Truffle Capital, the Paris-based private equity firm, revealed its LeadMedia has acquired Brazil-based online performance marketing firm MediaFactory. LeadMedia projects revenues for 2011 of $25 million with offices in Paris, San Paulo and Los Angeles.
2 min read · 04 January 2011
New Jersey-based biopharmaceutical company PanOptica Inc. raised $30 million in Series A funding from SV Life Sciences and Third Rock Ventures. The company has established a board of directors that will be chaired by David Guyer, a partner of SV Life Sciences and that will include SV’s Lutz Giebel, Kevin Starr, partner of Third Rock Ventures, and Paul Chaney, CEO of PanOptica. Two additional independent board members will be appointed.
5 min read · 04 January 2011
Plexus Capital, the North Carolina-based private equity firm, has raised $165 million to operate as a Small Business Investment Company private equity fund. The fund is the PE firm’s second; it will make loans and equity investments in small to mid-sized businesses. Plexus has prior investments in building materials and dry cleaning supply companies, among other industries.
2 min read · 03 January 2011
