Private Equity
2 min read · 03 November 2011
Freedom Communications said Wednesday that it has agreed to sell the assets of its broadcast properties to Sinclair Broadcast Group. Financial terms weren't announced. Sinclair Broadcast, in a separate release, says it will pay $385 million for eight TV stations.
2 min read · 02 November 2011
CallmyName said Monday that it has raised $6 million from Canaan Partners. The company has previously raised $3 million from private investors. CallmyName has developed technology to allow name dialing for mobile devices.
3 min read · 31 October 2011
Shareholders of Kinetic Concepts have approved a roughly $6.3 billion takeover offer from a consortium including Apax Partners, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. The deal is expected to close in early November. Morgan Stanley advised the investor group. Morgan Stanley, BofA Merrill Lynch and Credit Suisse also provided debt financing. San Antonio, Texas-based Kinetic is a wound care company.
3 min read · 28 October 2011
Accel Partners has raised a combined $94 million for two sidecar funds to go with its 11th core fund and its second growth fund. The venture firm, which may be best known as an early backer of Facebook, said in an SEC filing that it raised $59.9 million for Accel Growth Fund II Strategic Partners LP. It reported in June that it had raised $875 million for Accel Growth Fund II LP. Separately, it raised $33.7 million for ...
1 min read · 27 October 2011
2 min read · 27 October 2011
2 min read · 27 October 2011
Detroit Labs said Wednesday it is moving to downtown Detroit, in the Madison Theatre building. Detroit Labs creates applications for the iPhone, iPad, Android and Web applications. The company has received funding from Detroit Venture Partners.
3 min read · 26 October 2011
Connecticut Innovations has committed $150,000 in financing to iDevices through its pre-seed fund. Canton, Conn.-based iDevices develops devices that connect wirelessly to smart phones, tablets and computers by using Bluetooth technology.
4 min read · 26 October 2011
Cambridge Consultants, of the U.K., has spun off Aveillant. The company provides radar data that air traffic controllers use to distinguish wind power plans. Aveillant also received VC investments from DFJ Esprit and AIFCL, the statement said.
4 min read · 25 October 2011
