Netsmart Technologies Inc., a Great River, N.Y.-based maker of SaaS solutions for health and human services providers, has raised an undisclosed amount of private equity funding from Genstar Capital. The deal represents an exit for Bessemer Venture Partners and Insight Venture Partners.
(Reuters) – IT security company SonicWall Inc (SNWL.O) said in a filing it had been approached by a privately held company to be acquired for $12 a share, trumping an earlier offer from private equity firm Thoma Bravo. Earlier this month, the New York-based private equity firm had offered to acquire the company for $11.50 […]
Linden LLC, a Chicago-based private equity firm focused on healthcare and life sciences companies, has closed its second fund with $375 million in capital commitments, according to LBO Wire. The firm originally went out with a $300 million and $350 million hard cap, but raised the limit due to oversubscription. www.lindenllc.com
Paul Capital is raising upwards of $400 million for a new VC-focused fund-of-funds, according to a regulatory filing. So far it has secured $61.25 million. www.paulcapital.com
Aurora Diagnostics LLC, a Palm Beach Gardens, Fla.-based diagnostic lab and anatomic pathology company in registration for a $150 million IPO, has secured a $335 million credit facility from Barclays Bank. The loan is partially designed to retire other debt, and includes a $225 million senior secured term loan facility and a $110 million senior secured revolving credit facility.
Phil's Fresh Foods, a Boulder, Colo.-based maker of EVOL Burritos, has received its second private equity investment from Revelry Brands. No financial terms were disclosed.
Jason Barg and Trevor Rich have joined Lovell Minnick Partners as senior associates. Barg will work in the firm's Radnor, Penn. office, and previously was part of Goldman Sachs’ financial institutions group. Rich will be based in El Segundo, Calif., and was an alayst in Morgan Stanley's strategic acquisitions group.
(Reuters) – Dubai International Capital (DIC) is in talks with lenders over an urgent cash injection for Alliance Medical to stop the business breaching its banking covenants, the Times reported in its Tuesday edition. DIC, an investment unit of conglomerate Dubai Holding, is holding negotiations with its lending syndicate to inject up to 150 million […]
PARIS (Reuters) – French certification company Bureau Veritas (BVI.PA) is to buy British commodities testing and inspection firm Inspectorate for 450 million pounds ($667 million) in a deal it said would boost earnings from this year. The purchase from British-based Inspicio, majority owned by private equity firm 3i Group (III.L), will put Bureau Veritas among […]
Spence McClelland has joined Noro-Moseley Partners as a vice president. He previously was director of strategic and corporate development with Healthways Inc., and before that worked at Willis Stein & Partners.