Highlander Partners acquires Versatex Building Products

Highlander Partners has acquired Versatex Building Products, which provides cellular PVC building products. Pittsburgh, Pennsylvania-based Versatex will continue to be led by its current management team. Texas Capital Bank and Comerica Bank provided senior financing facilities and AEA Mezzanine Fund III provided mezzanine debt in the deal.


Scivantage nabs $20 mln

Scivantage said Monday that it has closed $20 million in funding. The investors were ORIX Ventures, Comerica Bank, BBH Capital Partners and Edison Ventures. Based in Jersey City, NJ, Scivantage is a provider of tech solutions for the financial services sector.

Lakeshore Recycling Systems is Created Through Merger

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.

Spinal Restoration Closes $5 Mln Debt, Equity Round

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.

PFSweb Renews $12.5 Million Credit Facility with Comerica

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 Bags $10M Line of Credit

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 Rolls up $30M

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.

BookRenter Inks $40M Series C

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.

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