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Iris Dorbian

TYRX said on Tuesday that it has received a private investment from the California-based MemorialCare Innovation Fund. No financial terms were disclosed. Based in Monmouth Junction, NJ, TYRX is a provider of implantable medical devices designed to help reduce infections associated with implantable devices, such as pacemakers and defibrillators. MCIF is a strategic investment company owned by MemorialCare Health System.
American Surgical Assistants, a Houston, TX-based provider of outsourced surgical assistant services, said on Tuesday that it has named Tom Kirk as CEO, effective June 3rd, 2013. Kirk succeeds Zak Elgamal, American Surgical’s co-founder and president, who has served as CEO since ASA was founded in 1999. Elgamal will remain on ASA's board of directors. American Surgical Assistants is a portfolio company of Great Point Partners.
Wochit, a New York-based provider of videos for various outlets, said on Tuesday that it has named Keith McAllister as CEO. Prior to his joining Wochit, McAllister was general manager of global consumer media for Thomson Reuters. Wochit is backed by Redpoint Ventures, Cedar Fund and Greycroft Partners.
The Gores Group, a global investment firm, and France Telecom-Orange, a worldwide telecom operator, said on on Monday that The Gores Group has completed the acquisition of Etrali, Orange Business Services – Trading Solutions, a subsidiary of France Telecom Orange. No financial terms were disclosed. As a result of the transaction, Etrali, Orange Business Services – Trading Solutions will be renamed Etrali Trading Solutions. Headquartered in Paris, France, Etrali Trading Solutions is a provider of convergent voice and electronic trading services for the financial communities.
Toronto-based specialty finance firm Wellington Financial LP recently closed US$12 million in venture debt financing for an on-demand software company located in California. Also, Wellington recently closed US$3.5 million in venture debt financing for an East Coast-based SaaS provider of global payroll management solutions. The two companies, which were not identified by Wellington, are backed by U.S.-based venture capital firms.
SunTx Capital Partners said on Monday that it has launched IXTHYS Capital Management, LLC, a new hedge fund. Although IXTHYS will be based at SunTx’s Dallas office, SunTx Capital Partners says the hedge fund will be managed separately from the company's private equity funds. SunTx’s founding partners have already made contributions to the fund. Ron Dodson will serve as the hedge fund's portfolio manager.
The Emerging Markets Private Equity Association said on Monday that it has named Robert W. van Zwieten to be the organization’s next president and CEO. Most recently, van Zwieten served as director of private sector capital markets at the Asian Development Bank in Manila, Philippines. Based in Washington, D.C., EMPEA is a global organization with approximately 320 member firms representing over $1 trillion in assets under management.
First Reserve, a global private equity firm focused on energy, said on Monday that it has hired Robert Hanna as a new asset manager. He will be working in the firm's Houston office. Prior to joining First Reserve, Hanna served as a senior director of asset management at Consolidated Asset Management Services.
CIT Group, a provider of financing to small businesses and middle market companies, said on Monday that its U.S. bank subsidiary, CIT Bank, has arranged a $210 million credit facility for The Jordan Company. The loan is for The Jordan Company's refinancing of a portfolio company, Haas Group International, a provider of chemical management services. CIT Corporate Finance served as joint lead arranger and joint syndication agent for the transaction.
Townsquare Media Group has entered into an agreement to buy three music sites from AOL as well as its ComicsAlliance site. No financial terms were disclosed. The sites are The Boot, the BoomBox and NoiseCreep. Together with ComicsAlliance, they will join Townsquare Media Group's national digital business, which reaches over 52 million U.S. monthly unique visitors. Based in Greenwich, CT, Townsquare Media Group is a portfolio company of Oaktree Capital Management.
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