Francisco Partners to acquire Vendavo

Francisco Partners is to acquire Vendavo. Based in Mountain View, Calif, Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies.


Orchid Underwriters partners with Gryphon Investors

Orchid Underwriters, an underwriter of property insurance focusing on coastal properties, has secured backing from Gryphon Investors. CEO Michael Ray and president Brad Emmons have retained a significant ownership position in the company and will continue to lead Orchid after the closing of the transaction. Terms of the deal were not disclosed.


Visterra closes $30 mln Series B

Biotechnology company Visterra has completed a $30 million Series B financing round. The round was co-led by new Visterra investors Merck Research Labs Venture Fund, Vertex Venture Holdings and Temasek. Existing investors Polaris Partners, Flagship Ventures, Omega Funds and Alexandria Venture Investments and a new investor Cycad Group also participated.


Semafone secures growth backing

Semafone, a UK business specialising in fraud prevention software has secured growth capital investment from Business Growth Fund, Octopus Investments and other existing shareholders. BGF has taken a minority stake and BGF investment director Alistair Brew has been appointed to the board with investment manager Will Gresty joining as observer to the board.


Graham Holdings Company appoints president

Graham Holdings Company has named Timothy O’Shaughnessy, co-founder and former CEO of LivingSocial, as its president. O’Shaughnessy stepped down as chief executive officer of LivingSocial in August. During his tenure, the e-commerce and marketing company grew to sales of nearly $2 billion.


Three Hills Capital Partners’ maiden fund reaches final close

Three Hills Capital Partners has reached a final close of its first fund at the hard cap of 100 million euros ($127 million) reaching the high-end of the initial target. Three Hills Capital Partners was founded in November 2013 by Mauro Moretti, a former partner at Hutton Collins which he joined in 2008 from BC Partners.


C3DNA raises seed round

Stealth tech startup C3DNA has raised a $2 million seed round. The financing was led by Kumar Malavalli, co-founder and former CTO of Brocade Communications. The round also included C3DNA CEO and serial entrepreneur Paul Camacho, among other unnamed parties.


peHUB First Read

This morning First Read brings news of Quantum’s Fund VI progress, KKR appointing a relationship management expert, healthcare opportunities apparently exploding and PE fundraising slowing in Q3 2014.


WCAS sells GlobalCollect

Welsh, Carson, Anderson & Stowe has sold portfolio company GlobalCollect to Ingenico Group. WCAS generated sale proceeds of approximately $815 million, which will be distributed to the partners.