Private Equity
1 min read · 16 October 2008
1 min read · 15 October 2008
1 min read · 14 October 2008
MobUI, a Redmond, Wash.-based mobile applications development startup, has acquired Action Engine Corp., a Bellevue, Wash.-based mobile apps company that had raised over $60 million in VC funding. MobUI said that it was financing the deal via a capital infusion from undisclosed investors, but did not say if Action Engine backers would become shareholders in the new company. Action Engine had been funded by Baker Capital, OVP Venture Partners, Northwest Venture Associates and Spangler Ventures.
3 min read · 13 October 2008
Circassia Ltd., an Oxford, England-based drug company focused on controlling immune system responses, has acquired the U.S., Canadian and Japanese development and commercialization rights to dopexamine from Ipsen. No financial terms were disclosed. Circassia has raised around $22 million in VC funding from firms like Goldman Sachs, Invesco Perpetual, Imperial Innovations and Lansdowne Partners.
3 min read · 08 October 2008
RecoverCare LLC, a Radnor, Penn.-based provider of bariatric-related equipment to clinics & hospitals, has acquired T.H.E. Medical Inc. of Ontario, Canada. LLR Partners provided RecoverCare with equity capital to help finance the deal, although specific financial information was not disclosed.
3 min read · 07 October 2008
Accellos Inc., a Colorado Springs, Colo.-based provider of supply-chain execution solutions, has raised $28.5 million in Series B funding. Monitor Clipper Partners was joined by return backers like Centennial Ventures. Part of the proceeds will be used to acquire Prophesy Transportation Software, a provider of solutions to the trucking industry. Accellos had previously raised around $22 million.
4 min read · 01 October 2008
GridPoint Inc., an Arlington, Va.-based smart-grid company, has raised $120 million in fifth-round funding. It also has acquired V2Green, a Seattle-based developer of plug-in electric vehicle grid integration technology. No financial terms of the acquisition were disclosed. GridPoint did not identify investors participating on the deal, which includes an initial $100 million calldown and the conversion of all outstanding shares into common stock. It did say, however, that most of the money came from prior backers, which include Goldman Sachs, New Enterprise Associates, Susquehanna Private Equity, Perella Weinberg Partners and Robeco. Gridpoint has now raised around $220 million in total VC funding.
5 min read · 23 September 2008
2 min read · 22 September 2008
Tethys Bioscience, an Emeryville, Calif.-based developer of multi-biomarker technology, has acquired Lipomics Technologies, a West Sacramento, Calif.-based developer of metabolite profiling technology. No financial terms were disclosed. Thethys has raised $54 million in total VC funding, from firms like Kleiner Perkins Caufield & Byers, Mohr Davidow Ventures, Intel Capital and DAG Ventures. Lipomics had raised an undisclosed amount of funding from firms like DFJ Frontier.
3 min read · 18 September 2008
