Catalyst Investors related stories
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Hawthorn Equity-backed Navantis acquired by DatavailDatavail Corp, a U.S. managed services provider of data and database administration, has acquired Navantis Inc, a Toronto-based company focused on application development, support and systems integration across Microsoft product suites. No financial terms were disclosed. Founded in 1998, Navantis has been backed by Canadian private equity firm Hawthorn Equity Partners. Broomfield, Colorado's Datavail said the deal will expand its offerings to respond to customer requirements and challenges. It added that the acquisition was enabled by a US$47 million financing closed in 2015. The round was led by Catalyst Investors and joined by new and existing investors.
PE-backed Xplornet Communications acquires YourLinkXplornet Communications Inc has acquired YourLink, a provider of high-speed wireless Internet to rural and remote communities in Saskatchewan, from Vecima Networks Inc. Financial terms were not disclosed. Xplornet, a pan-Canadian rural Internet service company, said the deal will expand its fixed wireless broadband footprint in Saskatchewan. Based in Woodstock, New Brunswick, Xplornet has been a portfolio company of U.S. private equity firm Catalyst Investors and Canadian firm Werklund Capital Corp since 2010.
BrightFarms rakes in $30.1 mln Series CLocal produce grower BrightFarms Inc has secured $30.1 million in Series C funding. Catalyst Investors led the round with participation from WP Global Partners and NGEN Partners. BTIG LLC was the placement agent.
- Catalyst Investors exits InSite Wireless
Macquarie Infrastructure Partners III has acquired a 42.5 percent stake in InSite Wireless Group LLC as part of an initial investment of approximately $280 million. Catalyst Investors and other minority investors were the sellers. InSite Wireless develops, owns, operates and manages communications wireless infrastructure facilities primarily for the wireless and broadcast industries. Evercore served as financial advisor to InSite while Lowenstein Sandler LLP and Sullivan and Worcester LLP provided legal counsel. Guggenheim Securities served as financial advisor to MIP III and White & Case LLP provided legal counsel.
- Catalyst announces promotions
Catalyst Investors said July 19 it has promoted David Gordon to Vice President, Mia Hegazy to Senior Associate and Kapil Desai to Associate.
- Venky Ganesan named chair of the NVCA board
Venky Ganesan was named chair of the National Venture Capital Association board for the 2016 to 2017 period, the organization said. Ganesan, a managing director at Menlo Ventures, succeeds Jon Callaghan, a general partner at True Ventures.
Jobs of the Week: HarbourVest, Carlyle, Partners Group, and Credit Suisse are hiringIn Jobs of the Week, HarbourVest and Carlyle's AlpInvest are seeking associates, Partners Group is looking for an investment analyst, and Credit Suisse is hiring for its new private equity business.
- Catalyst Investors hires Gordon as senior associate
Catalyst Investors hired David Gordon as a senior associate. Gordon was formerly a private equity senior analyst with Wolfson Group.
- Catalyst Investors promotes three execs
Catalyst Investors said Wednesday it promoted Susan Bihler to Principal, Patty Xu to Finance Director and Isaac Schlecht to Senior Research/Business Analyst.
- Datavail raises $47 mln
Datavail raised $47 million in funding led by Catalyst Investors. Tahosa Capital and Lumerity Capital Partners participated in the round, as did existing investors Boulder Ventures, Meritage Funds and MC Investment Fund. Broomfield, Colorado-based Datavail provides remote database administration services in North America, offering 24×7 managed database services, database design, architecture, and staffing.