Abacus Financial Group Arranged Senior Debt in Recap of eSolutions

New York-based specialty finance company Abacus Finance Group, has announced it was the sole lead arranger for senior debt to support the minority recapitalization of eSolutions — a revenue cycle management software company — by its management and the Boston-based private equity firm WestView Capital Partners. The amount of the transaction wasn’t disclosed. PRESS RELEASE: Abacus Finance Group, […]

Twitter Hires Adam Messigner as VP of Infrastructure Engineering

Twitter has hired Adam Messinger as vice president of infrastructure engineering. Messinger was previously Vice President Development at Oracle. Prior to his appointment at Oracle nearly four years ago, Messinger was a venture partner at SmartForest Ventures and a venture consultant at O’Reilly Alpha Tech Ventures. Messinger, who studied physics and computer science at Willamette University […]

ReEnergy Holdings to Acquire Five Facilities from Boralex

ReEnergy Holdings, an Albany, New York-based renewable energy company, has agreed to pay $90.3 million to acquire five biomass energy-production facilities from Boralex, a Quebec-based developer and operator of power projects. PRESS RELEASE: ReEnergy Holdings LLC, an Albany, NY-based renewable energy company, announced today that it has entered into an agreement to acquire a portfolio of […]

Gilt Expands into More than 90 Countries

The New York-based e-commerce company Gilt Groupe is announcing its daily “flash sales” service and daily offerings will be available in 90 countries, starting next month, including over users’ mobile phones. The company — which has raised $236 million, including from General Atlantic and Matrix Partners over the last four years — plans to release its […]

Intent Media Raises $20M from Redpoint Ventures and Matrix Partners

The New York-based online advertising startup Intent Media has raised $20 million from Redpoint Ventures and Matrix Partners. Intent, started by several former Travelocity executives, had previously raised $8 million from Matrix in 2009. PRESS RELEASE: Intent Media (http://www.intentmedia.com) announced today that it has raised $20 million from Redpoint Ventures and Matrix Partners in a second round of financing. Intent […]

Odyssey Investment Partners Acquires BarrierSafe Solutions–CORRECTED

The New York-based middle market firm Odyssey Investments Investment Partners has acquired disposable glove maker BarrierSafe Solutions International from Linden Capital Partners and The Edgewater Funds. Terms of the deal weren’t disclosed. BarrierSafe, founded in 1999, is headquartered in Reno, Nevada. *An earlier version of this story mis-identified Odyssey Investment Partners. PRESS RELEASE: Odyssey Investment […]

Young Verastem Files for an IPO

Verastem, a Cambridge, Mass.-based biopharmaceutical company focused on developing cancer-fighting drugs, has filed a registration statement with the SEC to go public. The number of shares and price range have not yet been determined. The 15-month-old company has raised $48 million in venture financing since its founding, including from Advanced Technology Ventures, MPM Capital, Bessemer […]

BIA Digital Partners Leads Financing for Vantage Media, BrokersWeb Merger

BIA Digital Partners II, a Chantilly, Va.– based PE firm focused on expansion-stage companies, led financing and provided an equity co-investment with Patriot Capital II that enabled Vantage Media and BrokersWeb to merge. PRESS RELEASE:  BIA Digital Partners II LP (“BIA DP”), a private investment firm focusing on expansion stage companies, announced it has led a […]

LSI Corp. Acquires SandForce

Fabless semiconductor maker ​LSI Corp. of Milpitas, Calif., recently announced plans to acquire flash storage processing company SandForce for $322 million in cash, net of cash assumed, and assume about $48 million of unvested stock options and restricted shares of SandForce employees. PRESS RELEASE: LSI Corporation (NYSE: LSI) today announced that it has signed a […]

GM Ventures Jumps into RelayRides Series A, Pushing Total to $13M

The San Francisco-based peer-to-peer car sharing service RelayRides has added to its Series A round, pushing its total funding up to $13 million. The money comes from GM Ventures, which joins Google Ventures, August Capital, and Shasta Ventures. PRESS RELEASE: RelayRides (http://www.RelayRides.com), the world’s first neighbor-to-neighbor carsharing marketplace, today announces that General Motors Ventures and […]

SNAP Interactive Names Jon Pedersen as CFO

SNAP Interactive, a New York-based developer of social apps, has brought aboard Jon Pedersen as CFO. Pedersen was most recently senior VP-controller of Warner Music Group and before that, CFO of WestLB Securities Inc., a New York-based broker-dealer and subsidiary of WestLB AG. PRESS RELEASE: NEW YORK, Nov. 1, 2011 /PRNewswire/ — SNAP Interactive, Inc. (OTCBB: […]

I-Bank Livingstone Hires Thomas Lesch as VP

The Chicago-based investment bank Livingstone has hired Thomas Lesch as a VP in its debt capital markets practice. Lesch was most recently a VP of commercial banking for BMO Harris Bank and Bank of America/LaSalle Bank. PRESS RELEASE: CHICAGO – November 1, 2011. Livingstone, the leading independent, international investment banking firm, today announced the addition […]

OPIC Board Approves $285M for Six Funds

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved financing for six new investment funds that aim to inject $875 million in the so-called impact investing sector. PRESS RELEASE: WASHINGTON, D.C. – Impact investing, a fast-growing industry that is drawing a wide range of private investors with the promise of […]

Proterra Lands a Fresh $15M from Silicon Valley Banking

Proterra, a Broomfield, Colo-based company that produces electric buses, has landed $15 million in working and growth capital financing from Silicon Valley Bank. The financing comes just five months after Proterra announced a $30 million round from Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co., and others. PRESS RELEASE: Proterra, the leading maker […]

PlayJam Raises $5 Million Series A

PlayJam, a London-based TV games platform, has raised a $5 million Series A round from GameStop Digital Ventures, Adobe Ventures, Endeavour Ventures, London Venture Partners and angel investors. PRESS RELEASE: PlayJam, the world’s leading TV games platform, has closed a $5 million ‘Series A’ financing round with backing from GameStop Digital Ventures, Adobe Ventures, Endeavour Ventures, […]

Adesto Technologies Closes Third Round Led By Altis Semiconductor

Adesto Technologies, a Sunnyvale-based, venture-backed semiconductor company specializing in conductive bridging RAM or CBRAM technology, has raised an undisclosed amount of financing — its third round — led by Altis Semiconductor. The companies current investors, which include Adams Street Partners, ATA Ventures, and Arch Venture Partners, among others, contributed pro-rata in the new round. PRESS RELEASE: […]