Catalyst Investors related stories
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PE-backed Xplornet buys Platinum CommunicationsCanadian rural Internet service company Xplornet Communications Inc has acquired Platinum Communications Corp, a Calgary-based provider of broadband services to remote locations. The deal's financial terms were not released. Xplornet said the Platinum acquisition increases its footprint in Alberta and supports its mission to "make affordable, fast and reliable broadband Internet services available to every rural Canadian." 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.
PresenceLearning snags $25 mln Series CSan Francisco-based PresenceLearning Inc, a provider of of live online speech therapy, occupational therapy, and behavior and mental health services for K-12 students, has raised $25 million in Series C funding. The investors were Birchmere Ventures, Blue Heron Capital, Catamount Ventures and New Markets Venture Partners. In addition to the funding, Ryan McNally, a partner and co-founder of Catalyst Investors, has joined the company’s board of directors.
- PresenceLearning raises $25 mln
PresenceLearning Inc. has raised $25 million in Series C funding led by Catalyst Investors. Existing investors Birchmere Ventures, Blue Heron Capital, Catamount Ventures and New Markets Venture Partners also participated in the round. Catalyst Partner & Co-Founder Ryan McNally has joined the company’s board of directors. San Francisco-based PresenceLearning provides live online speech therapy.
- Catalyst Investors hires two analysts
Catalyst Investors said Wednesday that it has added two analysts, Courtney Nelson and David Sack. Nelson joins Catalyst from Greenhill & Co. where she was an investment banking analyst in the Mergers & Acquisitions group in New York. Sack was most recently with New York-based Berenson & Company, where he served as an investment banking analyst on M&A and capital raise transactions.
- Catalyst exits Codero Hosting
BLM Acquisition Corp. has acquired a majority of Codero Hosting. The sellers were Catalyst Investors and other shareholders. Financial terms weren’t announced. BLM is a consortium of 32 regional telecom and broadband providers. Codero, with data centers in Dallas-Fort Worth, Phoenix, and Ashburn, Virginia, provides hybrid cloud hosting services. Webster Bank of Hartford, Conn. provided senior financing to BLM while DH Capital acted as financial advisor.
Market at a glanceU.S.-based buyout and mezzanine fundraising enjoyed a monumental two-week period, seeing its 2015 total skyrocket by over $24 billion. That is a full $27 billion ahead of where it stood at this point last year.
PE-backed Xplornet acquires 42 blocks of telecom spectrumCanadian rural broadband provider Xplornet Communications Inc has acquired 42 blocks of 2500-megahertz spectrum in rural areas from across Canada in the most recent Industry Canada auction. The company said the spectrum will be used to support its roll-out of long-term evolution fixed wireless high-speed Internet to rural communities. Based in Woodstock, New Brunswick, Xplornet is backed by U.S. private equity firm Catalyst Investors and Canadian firm Werklund Capital Corp.
- Fitness software firm Mindbody files for IPO: Reuters
Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock, Reuters News reported.
- NVCA appoints True Ventures' Callaghan as chairman
The National Venture Capital Association has named Jon Callaghan chairman of its board of directors. A founder and general partner of True Ventures, Callaghan is succeeding Scott Sandell, general partner of New Enterprise Associates. In addition to this appointment, ten new board members were announced at NVCA's annual meeting held in San Francisco. Among them are Mike Carusi, general partner of Lightstone Ventures; Jeff Clavier, founder and managing director of SoftTech VC; Michael Dixon, a partner at Sequoia Capital; and Mary Meeker, a partner at Kleiner Perkins Caufield & Byers.
- Catalyst Investors closes $377 mln for fourth fund
Catalyst Investors has raised $377 million for its oversubscribed fourth fund, beating its $350 million target. According to the firm, Catalyst Investors IV will make investments between $10 and $60 million, focusing on growth sectors that range from business and consumer services to cloud computing and communications infrastructure.