Larry Furlong and Adam Harrington have joined Financial Technology Partners as a managing director and vice president, respectively. Furlong previously was a senior banker in Goldman Sachs' financial sponsors group, while Harrington was a VP in the tech banking group of Banc of America Securities. FT Partners also announced two promotions: Miguel Uria to director and Tim Wolfe to vice president.
3 min read · 25 March 2010
Energy Investors Funds has sold the Glen Park Hydroelectric Project to Fort Chicago Energy Partners for $80.1 million. Glen Park is a 33-megawatt hydroelectric generation facility near Watertown, New York.
2 min read · 25 March 2010
Stripes Group has acquired a minority stake in Sandata LLC, a Port Washington, N.Y.-based provider of IT solutions to the home healthcare market. No financial terms were disclosed, except that TD Bank provided new senior debt financing.
3 min read · 25 March 2010
Silver Lake Partners has acquired a minority stake in Spreadtrum Communications Inc. (Nasdaq: SPRD), a Shanghai-based chipmaker. No financial terms were disclosed. Spreadtrum's current market cap is approximately $277 million.
3 min read · 25 March 2010
Connexus Corp., operator of ad network and social media platform Traffic Marketplace, has agreed to merge with Epic Advertising, a New York-based performance network and search marketing company. no financial terms were disclosed. Connexus shareholders include Insight Venture Partners, Idealab, Oak Investment Partners and Trilogy Capital Partners. Epic Advertising backers include TA Associates.
3 min read · 25 March 2010
The Apax Foundation, a nonprofit arm of Apax Partners, has acquired a 20% stake in Finance in Motion GmbH, advisor to the world’s largest microfinance investment fund.
3 min read · 25 March 2010
Centerbridge Partners has agreed to acquire American Renal Holdings, a national provider of kidney dialysis services, from Pamlico Capital (fka Wachovia Capital Partners). No financial terms were disclosed for the deal, which is expected to close next month.
3 min read · 25 March 2010
Advantedge Healthcare Solutions, a Warren, N.J.-based provider of medical billing services to physician groups, has acquired AHP Billing Services Inc. (AHP), a former division of Anodyne Health. Advantedge Healthcare has raised over $22 million from Founders Equity and Safeguard Scientifics.
3 min read · 25 March 2010
1 min read · 25 March 2010
3 min read · 25 March 2010
