Iris Dorbian
Ethoca has raised $45 million in funding led by Spectrum Equity. Based in Austin and Toronto, Ethoca is a provider of tech solutions for credit card issuers and online merchants.
Bridgepoint is backing a management buyout of Appleby Fiduciary & Administration Business, a global trust, corporate and fund services company. No financial terms were disclosed.
Phoenix Rehabilitation and Health Services Inc, which is backed by 3 Rivers Capital, has acquired Virginia-based Advanced Center for Physical Therapy. No financial terms were disclosed.
First Analysis has made an undisclosed investment in Courtagen Life Sciences Inc. Based in Woburn, Massachusetts, Courtagen is a genetic diagnostic tests provider focused on pediatric neurologic and metabolic disorders.
First Read starts your morning with news that eBay is nearing a deal to sell its enterprise unit to a Permira-led group for around $900 million, Microsoft launches a service that combats child porn and U.S. foreclosure activity drops to a 10-year-low for the first half of the year.
In Second Opinion, Amazon's "Prime Day" sales reportedly beats Black Friday, Toshiba expects to book up to $3 billion losses over an accounting scandal and Harper Lee's new novel "Go Set a Watchman," which portrays iconic character Atticus Finch in a less than favorable light, sets a one-day sales record for Barnes & Noble.
Water Street Healthcare Partners has named Paul T. Cottey as chief information officer. Cottey is a former executive partner at Accenture.
Praesidian Capital has provided $12 million in debt financing to Landmark Holdings, a Missouri-based operator of long-term acute care hospitals. Creative Health Capital LLC advised Landmark on the transaction. The capital will be used to refinance Landmark and consolidate the company's financing lines into one credit entity.
Sun Capital Partners Inc has sold its stake in Vari-Form Inc to Crowne Group LLC. No financial terms were disclosed. Based in Troy, Michigan, Vari-Form is a maker of front end structures, cross members, roof rails, frame rails, instrument panel beams, radiator supports and engine cradles for pickup trucks, SUVs and light vehicles.
CounterTack has acquired ManTech Cyber Solutions International, ManTech International Corp's commercial software unit. No financial terms were disclosed. CounterTack's backers include TenEleven Ventures and EDBI.