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Magerman joins eyebobs as CEO

Michael Magerman has joined eyebobs as CEO. Magerman most recently served as President and CEO at Quickie Manufacturing Company. Eyebobs is backed by Norwest Equity Partners.

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Norwest Equity invests in West Star Aviation

Norwest Equity Partners has invested in West Star Aviation. Financial terms weren’t announced. East Alton, Illinois-based West Star provides maintenance, repair and overhaul (“MRO”) and related support services to the business aviation industry. Harris Williams advised West Star. Skadden, Arps, Slate, Meagher & Flom LLP provided legal services for NEP. Antares Capital, Ally Corporate Finance and Norwest Mezzanine Partners provided financing.

1163 Views

Varo Money raises more than $27 mln

Varo Money Inc said May 2 that it raised a more than $27 million round of investment led by Warburg Pincus. San Francisco-based Varo is a mobile-only banking start-up. Wachtell, Lipton, Rosen & Katz provided legal counsel to Warburg Pincus.

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Anne Arundel Dermatology buys Montgomery Dermatology Associates

Anne Arundel Dermatology Management, a portfolio company of New MainStream Capital, said May 2 that it acquired Montgomery Dermatology Associates LLC. Financial terms weren’t announced. Rockville, Maryland-based Montgomery Dermatology provides general, surgical and cosmetic dermatology services to the Washington D.C. metro area. It will operate under the “Anne Arundel Dermatology” brand name.

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Kohlberg & Company buys majority of Amendia

Amendia Inc said April 29 that Kohlberg & Company LLLC has acquired a majority stake in the company. Financial terms weren’t announced. Marietta, Georgia Amendia develops, designs and makes medical devices used in spinal surgical procedures.

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Healthline Media buys MedicalNewsToday.com and MediLexicon.com

Healthline Media, which is backed by Summit Partners, has acquired MedicalNewsToday.com and MediLexicon.com. MediLexicon International Ltd was the seller. Financial terms weren’t announced. MedicalNewsToday.com is a leading website in the medical news category, boasting over 132 therapy areas. MediLexicon.com is an online database of medical abbreviations with over 200,000 definitions that are constantly updated.

U.S. President Barack Obama and his daughter Malia walk from Marine One to board Air Force One upon their departure from O'Hare Airport in Chicago April 7, 2016.    REUTERS/Kevin Lamarque  - RTSE37T
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PE HUB First Read

To start your morning, Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto, Yahoo shortlists close to 10 bidders and Malia Obama is waiting a year before she goes to Harvard.

Lira VC buys Car Buy Plus

Lira VC acquired Car Buy Plus. Financial terms weren’t announced. Atlanta-based Car Buy Plus is an automobile broker business.

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MSouth Equity recaps Hire Dynamics

MSouth Equity Partners has recapitalized Hire Dynamics. Financial terms weren’t announced. Atlanta-based Hire Dynamics is a staffing provider specializing in contact (call) centers, manufacturing facilities, logistics/e-commerce operations and office support.

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Antares supports ABRY Partners’ buy of SambaSafety

Antares Capital provided a loan to back ABRY Partners’ buy of SambaSafety. Financial terms weren’t announced. Albuquerque, New Mexico-based SambaSafety provides driving and fleet safety solutions and motor vehicle records.

UrbanStems raises $6.8 mln

UrbanStems has raised $6.8 million in funding led by Swan & Legend Venture Partners. Also participating were Middleland Capital, NextGen Venture Partners, Interplay Ventures, and Sagamore Ventures. Washington D.C.-based UrbanStems is an on-demand flower delivery service.

uAvionix raises $5 mln

Uavionix said April 27 that it closed a $5 million Series A investment led by Playground Global. Palo Alto, California-based uAvionix has developed a family of ADS-B transponders, receivers and navigation tools.

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Citi Ventures invests in BlueVine

Citi Ventures has invested in BlueVine. Financial terms weren’t announced. The deal represents a follow-on investment to BlueVine’s $40 million Series C financing in January 2016. Palo Alto, California-based BlueVine provides financing solutions to small businesses.

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CIVC Partners buys Sitewise

CIVC Partners said April 27 it acquired Sitewise Corp. Financial terms weren’t announced. Sitewise management team will continue to be significant shareholders. Denver-based Sitewise provides compliance related operations and maintenance, re-construction and new construction services on natural gas infrastructure in Colorado. Sitewise will be combined with Track Utilities, an existing CIVC portfolio company.