Lakeshore Waste Services and Recycling Systems have merged into Lakeshore Recycling Systems. Tensile Capital Management provided the equity financing and Comerica Bank provided the debt financing required for the transaction. Livingstone acted as the exclusive financial advisor to Lakeshore and RSI. Terms of the deal were not disclosed.
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Spinal Restoration said Monday it closed a $5 million financing round, which includes $3 million equity from current investors Austin Ventures, Sante’ Ventures, and MB Venture Partners. Comerica Bank is also providing a $2 million debt facility. Austin-based Spinal Restoration is trying to gain regulatory approval of its Biostat System, a drug used to treat chronic disc pain.
Publicly traded PFSweb, a Plano, Texas-based company that builds and operates websites for retailers, has renewed its $12.5 million asset-based financing facility with Comerica Bank. The agreement, which extends through March 2014, features terms consistent with those it’s currently enjoying. PRESS RELEASE: PFSweb, Inc. (Nasdaq: PFSW), an international provider of end-to-end eCommerce solutions, announced today [...]
2Tor, the Maryland-based online provider of higher education coursework, has closed a $10 million revolving line of credit with Comerica Bank, coming on the heels of the company’s $26 million Series D financing. The company plans to use the capital for growth purposes. PRESS RELEASE: 2tor, Inc. Secures a $10 Million Revolving Line of Credit [...]
Brightroll, the provider of digital video advertising services, closed a $30 million investment from Trident Capital, which led the round, and True Ventures, Scale Venture Partners and Adams Street Partners. Existing investor Comerica Bank also contributed to the round. GCA Savvian served as exclusive financial advisor to BrightRoll in this transaction.
Online textbook platform BookRenter has raised $40 million in Series C financing from Adams Capital Management, Comerica Bank, Focus Ventures, Lighthouse Capital Partners, Norwest Venture Partners, and Storm Ventures. The company launched in 2008 and allows college stores to launch their own textbook rental sites. BookRenter, based in San Mateo, Calif., closed a $10 million Series B round in June 2010.