Embotics Corporation, a “virtual sprawl” cost managing company based in Ottawa, Canada, raised $4 million in Series B financing led by Covington Capital Corporation. The round will advance product development for server virtualization technology. Read more. OTTAWA, Dec 10, 2008 (BUSINESS WIRE) — Embotics, the Virtualization Lifecycle Management(TM) Company, today announced the completion of an […]
Diagnoplex, a Swiss molecular cancer diagnostics developer, closed Series A financing worth $8.3 million. The A-round was led by Novartis Venture Fund and NeoMed, with Initiative Capital Romandie acting as co-investor. The Novartis Venture Fund was also a seed investor in the company. BCCC Avocats acted as counsel to the investors and BMP Associes acted […]
Greenpark Capital, a secondaries buyer based in the UK, has hired Matthew Arkinstall as an investment director. Previously Arkinsall worked as MLC in Australia.
American Education Group, a private college prep school platform backed by Winona Capital Management, has acquired Fusion Academy. Winona established American Education in 2007 with $40 million in backing. Press release: Private school owner American Education Group (http://www.americanedgroup.com) announced today the acquisition of Fusion Academy (http://academy.fusionlearningcenter.com/index.html), located in the suburbs of San Diego, Calif. With […]
Guggenheim Partners has expanded into India by acquiring the India-focused private equity fund of funds operated by Thomas Weisel Partners. The funds, called Thomas Weisel India Opportunity Fund, will retain their managers. Press Release: Guggenheim Partners, LLC today announced an expansion of its investment management capabilities into India via a transaction with Thomas Weisel Partners […]
LONDON, Dec 10 (Reuters) – Publisher Reed Elsevier (ELSN.AS: Quote, Profile, Research, Stock Buzz) (REL.L: Quote, Profile, Research, Stock Buzz) dropped plans to sell its trade magazines division, estimated to be worth more than $1 billion, blaming worsening economic conditions and knocking its shares. Reed Elsevier had hoped to use proceeds from the sale to […]
NEW YORK (Reuters) – A creditor of U.S. television station owner Equity Media Holdings Corp, which filed for Chapter 11 bankruptcy protection this week, has asked a judge to convert the case to liquidation, or dismiss it, according to court papers. In an emergency motion filed on Wednesday, Silver Point Finance LLC, a lender on […]
BRUSSELS (Reuters) – Private equity firms are neutral or positive for employee relations, a lobby group said on Wednesday, but lawmakers and labour unions called for tougher regulation of the often maligned industry. The sector has been accused of asset stripping the firms they buy into, leaving employees on poorer job terms. The European Private […]
Andrew Lutz has joined Vision Capital Advisors as a managing director, with a focus on fixed-income initiatives. He previously was with Susquehanna International Group.
Moody's Investors Service has cut CCS Medical Inc.’s corporate family rating from Caa1 from B3. It also has downgraded the company’s first lien senior secured credit facilities to B2 from B1, but affirmed the Caa2 rating on the second lien term loan. CCS Medical is a Clearwater, Fla.-based portfolio company of Warburg Pincus.