Tropical Smoothie Café, a chain of 270 quick casual restaurants in 34 states, has raised $4.4 million in growth equity funding from BIP Opportunities Fund.
2 min read · 17 May 2010
Arborview Capital, SAIL Venture Partners and Huntington Capital have recapitalized Paragon Airheater Technologies Inc., a Corona, Calif.-based provider of products and services that reduce fuel consumption and carbon emissions in fossil fuel-fired power generation plants. No financial terms were disclosed.
3 min read · 17 May 2010
2 min read · 17 May 2010
Vision Solutions Inc., a portfolio company of private equity firm Thoma Bravo, has agreed to buy recovery software provider Double-Take Software Inc. The deal is valued at $242 million in cash, or $10.55 per share (21% premium to closing price on last day of trading before Double-Take said it was considering alternatives).
3 min read · 17 May 2010
Hervé Malausséna has agreed to join the London office of Moelis & Co. as a managing director, with a focus on telecom sector advisory work. He previously was with Citigroup as a managing director and head of EMEA telecom I-banking.
3 min read · 17 May 2010
Morgan Stanley Investment Management has closed a global secondaries fund with $585 million in capital commitments.
3 min read · 17 May 2010
1 min read · 17 May 2010
Mid Europa Partners has agreed to invest €60 million for an equity stake in Energy 21, a Czech developer and operator of solar power parks in Central and Eastern Europe.
2 min read · 17 May 2010
Providence Equity Partners has agreed to buy Virtual Radiologic Corp. (Nasdaq: VRAD), an Eden Prairie, Minn.-based national radiology practice and developer of radiologist workflow technology. The deal is valued at $294 million, or $17.25 per share. Goldman Sachs advised VRC on the deal.
4 min read · 17 May 2010
Francisco Partners has agreed to acquire EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The deal is valued at around $27.8 million, or $1.05 per share.
3 min read · 17 May 2010
