Iris Dorbian
One, Inc., an insurance software provider, has appointed Dr. Ta-lin Hsu as board chairman. Dr. Hsu is the founder and chairman of private equity firm H&Q Asia Pacific, which recently led One, Inc.'s $16.7 million Series A funding round.
Octopus Investments has received 130 million pounds in investments for its commercial real estate debt fund. The LPs include a unnamed European family office and several pension funds. Simba Capital served as a placement agent for the fund, which will be managed by Dragonfly, the property finance unit of Octopus.
Start the week with First Read bringing you news on IBM paying Globalfoundries $1.5 billion to take its chip unit, Apple ousts Bose headphones from its stores and Peyton Manning breaks a touchdown record.
UK lender Virgin Money has postponed its London stock market listing, the company said on Friday, delaying plans to raise around 150 million pounds ($241.5 million) in a float that could have valued the firm at 1.5-2 billion pounds ($2.4-3.2 billion).
Edgewater Growth Capital Partners has made an undisclosed investment in Vertical Bridge. No financial terms were disclosed. Vertical Bridge is an owner and manager of wireless communications infrastructure.
Access Point Financial has hired David Wahl as managing director of portfolio management. Previously, Wahl worked at Trimont Real Estate Advisors. Formed by APF management and Stone Point Capital, APF is an Atlanta-based lending and advisory platform.
Boulder, Colorado-based fiber network firm Zayo went public Friday after raising $400 million.
Momondo Group has received 80 million pounds in funding from Great Hill Partners. Arma Partners advised Momondo on the transaction. Based in London, Copenhagen and Boston, Momondo is a online travel search firm.
Altamont Capital Partners and Kingfish Group have acquired a majority stake in Legacy ER & Urgent Care. No financial terms were disclosed. Ropes & Gray advised Altamont while Avondale Partners and Waller Lansden advised Legacy. Based in Frisco, Texas, Legacy is an operator of ER and urgent care clinics.
Seacoast has recapitalized Frank Entertainment Group, a Jupiter, Florida-based operator of movie theaters and entertainment venues. The transaction was done with Elm Park Capital Management and Triangle Capital Corp. No financial terms were disclosed.