OncoPep nabs $6.9 mln Series B

OncoPep has received $6.9 million in Series B funding. The investors included The Leukemia & Lymphoma Society. OncoPep is focused on preventing the progression of cancer.

Angry Birds creator Rovio CEO Hed to step down

Rovio Entertainment, which is backed by Felicis Ventures, said Friday that its CEO Mikael Hed will be leaving his position. Pekka Rantala will succeed him starting on January 1, 2015. The firm has named Hed as chairman of Rovio Animation Studios. Based in Finland, Rovio is the creator of Angry Birds.

STRH beefs up team with three new hires

SunTrust Robinson Humphrey has expanded its equity research team with three new additions. The firm has hired Salveen Richter and Edward Nash as managing directors covering the biotech and life sciences sector. Also, STRH has named Chase Mulvehill as a director on the energy team covering the oilfield service sector. Previously, Richter worked at Canaccord Genuity as a managing director covering biotech while Nash worked at Cowen and Company. And, prior to joining STRH, Mulvehill was a buy-side analyst at Carlson Capital and Millennium.

GPP-backed Biotronic ups president/CFO to CEO

Biotronic NeuroNetwork, a portfolio company of Great Point Partners, has promoted Bill Gecsey from president and CFO to CEO. The appointment is effective immediately. Gecsey first joined the firm in 2010 as CFO. Based in Ann Arbor, Michigan, Biotronic is a provider of intraoperative neurophysiological monitoring.

CDI promotes COO to president

CDI Computer Dealers, which is backed by H.I.G. Growth Partners, has promoted Erez Pikar from chief operating officer to president. Pikar began at the firm as a director of operations. Headquartered in Markham, Ontario, CDI is a refurbisher and remarketer of IT equipment to educational institutions.


Attero grabs $15 mln Series C

India-based electronic asset management firm Attero said Friday that it has closed $15 million in Series C funding. Forum Synergies led the round.


Oaktree invests in Timbers

Oaktree has acquired a majority stake in Timbers Resorts. No financial terms were disclosed. In addition to the investment, John Brady, global head of real estate for Oaktree and David Burden, founder and CEO of Timbers, have been named co-chairmen of Timbers with Burden serving as executive chairman. Timbers is a developer and operator of luxury boutique resorts and residence clubs worldwide.

VC-backed Okta names CMO

Okta has hired Andrew Wittman as chief marketing officer. Prior to joining Okta, Wittman worked at CA Technologies. Based in San Francisco, Okta is an identity management service. It is backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital.

Response Biomedical taps Shuster Capital CEO for board chairman

Response Biomedical Corp has appointed Lewis J. Shuster as chairman of its board of directors. Outgoing Chairman Dr. Peter A Thompson will remain on the board. Shuster is CEO of Shuster Capital. Headquartered in Vancouver, British Columbia, Response is a maker of on-site diagnostic tests.


Elizabeth Arden reviewing Rhône Capital’s tender offer

Beauty products brand Elizabeth Arden is evaluating Rhône Capital‘s tender offer to buy about 20 percent of the company. According to terms of the offer, Rhône Capital is seeking to acquire up to 6.4 million shares of Elizabeth Arden at $17 per share.


Advent International to invest in Cataratas

Cataratas has agreed to receive an undisclosed investment from Advent International. Cataratas is a provider of concession services at Brazil’s national parks. The transaction is expected to close in the second half of this year.


Armetheon fetches $7 mln Series A

Armetheon said Thursday that it has closed $7 million in Series A funding. AshHill Biomedical Investments and Hercules Bioventures led the round with participation from investors that included Atheneos Capital. Based in the San Francisco Bay area, Armetheon is a pharmaceutical firm focused on developing treatment for cardiovascular diseases.

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