Chris Witkowsky
When it comes to co-investing, limited partners in Europe might want to get a bit more proactive in seeking out opportunities.
OYO Sports, a fan engagement company, has raised $3 million in seed funding from several angel investors along with seed investors Boston Seed Capital and Atlas Ventures. OYO Sports has raised $4.6 million in total seed funding.
RLJ Equity Partners has acquired EnviroVac Holdings, which provides industrial cleaning, environmental services and on-site maintenance support. RLJ Equity Partners was joined in the acquisition by Madison Capital Funding, New Canaan Funding and RLJ Credit.
Genesis Inventions LP and McHale Labs LLC have led a $29 million Series D funding round in TrackingPoint, which created a firearm tracking system giving shooters the ability to track and hit moving targets at long range. Other participants in the funding round include Austin Ventures, Goff Capital Inc. and several super angels.
Glympse, a location sharing technology company, has raised an additional $12 million in Series C financing, with participation from new investors UMC Capital, Verizon Ventures and additional unnamed strategic investors. Existing investors Ignition Partners, Menlo Ventures and Naya Ventures also participated in the funding round. The investment brings total capital raised to about $20 million.
Clayton, Dubilier & Rice has hired John Ballbach, former president, chief executive officer and chairman of VWR International, as an operating advisor. Ballbach will take on the role of chairman at Solenis once CD&R completes the acquisition of that business, expected in the third quarter.
To guide you through this Friday the 13th, First Read has news that Bain Capital Partners is suing EY, the Supreme Court wants companies to be more truthful about food labeling and we may be heading for higher prices at the pump as Iraq falls apart.
The State of Wisconsin Investment Board oversees a legacy private equity portfolio that was valued at about $203 million as of Dec. 31 that it is looking to sell off, according to public documents from the pension system.
Three partners from Oak Investment Partners have held a first close on more than $400 million for a new fund called Oak HC/FT Partners, according to three people with knowledge of the fundraising.
Mosaik Partners has led a $1.8 million Series A funding in TFG Card Solutions, which provides paperless payroll card services. TFG will work to double its sales volume and grow market share.