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Avrio Ventures of Calgary, Alberta has held a Cnd$53 million first close on its inaugural fund. A second closing is planned for next year. The VC firm will focus on Canadian companies in the industrial bioproducts, food technology and nutraceutical ingredient spaces. www.avrioventures.com
North Castle Partners of Greenwich, Conn. is raising up to $300 million for its fourth fund, according to a regulatory filing. It already has secured $63.8 million in commitments, with Merrill Lynch serving as placement agent. www.northcastlepartners.com
AIG Capital Partners is raising up to
AnalogicTech Inc. (Nasdaq: AATI) has acquired the power management analog business of China-based IPCore Technologies Corp., including subsidiary AP Semi and certain related assets. The deal is valued at $21.5 million in cash. IPCore backers include 3i Group, Pacific Venture Partners and Walden International. www.analogictech.com www.ipcoreinc.com
Clifton House Acquisition Ltd. has sold The Expanded Metal Company Ltd. (EMCO), a UK-based supplier of expanded metal mesh components and finished goods, to Gibraltar Industries Inc. (Nasdaq: ROCK). No financial terms were disclosed, except that EMCO has annual sales of approximately $62 million. www.gibraltar1.com
HealthMedia Inc., an Ann Arbor, Mich.-based provider of online behavior change interventions, has acquired MySelfHelp.com, a provider of online behavioral health interventions, including programs for depression and insomnia. No financial terms were disclosed. HealthMedia has raised over $13 million in VC funding from firms like Chrysalis Ventures, Avalon Ventures, the Princeton Fund and Arboretum Ventures. […]
Dice Holdings Inc., an Urbandale, Iowa
Buffets Inc., an Egan, Minn.-based portfolio company of Caxton-Iseman Capital, has completed its $16.25 per share acquisition of Ryan's Restaurant Group Inc. (formerly Nasdaq: RYAN). Leverage for the deal was arranged by Credit Suisse Securities, UBS Securities and Goldman, Sachs & Co., which resulted in a full refinancing of Buffets' and Ryan's existing debt; and […]
GlobalStar Inc., a Milpitas, Calif.-based provider of voice and data communications services via satellite, priced 7.5 million common shares at $17 per share, for an IPO take of approximately $127.5 million. The company had been planning to price 6.5 million shares between $16 and $18 per share. It will trade on the Nasdaq under ticker […]
Allot Communications Ltd., an Israel-based provider of broadband service optimization solutions using DPI technology, has filed for an IPO of 6.5 million ordinary shares to be sold at between $9 and $11 per share. It plans to trade on the Nasdaq under ticker symbol ALLT, with Lehman Brothers and Deutsche Bank Securities serving as co-lead […]
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