Heritage Pharma Ltd., a UK-based generic drug developer, has raised $10 million in Series A funding from McClendon Venture Co. and TLW Venture Co. PRESS RELEASE Heritage Pharma Ltd. (U.K.) and its wholly owned subsidiary, Heritage Pharmaceuticals Inc. (collectively “Heritage”), announced today the Company has consummated the private placement of Series A Preferred shares lead […]
Nirvanix, a San Diego-based developer of cloud storage platforms, has raised an undisclosed amount of VC funding from European Founders Fund. The company had previously raised around $29 million from firms like Intel Capital, Valhalla Partners, Windward Ventures and Mission Ventures. PRESS RELEASE Nirvanix, the premier “Cloud Storage” platform provider, today announced that it has […]
Pathway Medical Technologies Inc., a Kirkland, Wash.-based developer of endovascular treatments for peripheral arterial disease, has raised $24.5 million in Series C-1 funding. Return backers include HLM Venture Partners, Latterell Venture Partners, Oxford Bioscience Partners, Forbion Capital Partners and Giza Venture Capital. PRESS RELEASE Pathway Medical Technologies, Inc., an innovator of endovascular treatments for peripheral […]
Tenaska Power Fund has agreed to sell Holland Energy, a 665-megawatt generating station in Illinois, to Indiana electric cooperatives Wabash Valley Power and Hoosier Energy. No financial terms were disclosed for the deal, which are expected to close by January 2009. Read more
Aileron Therapeutics, a Cambridge, Mass.
Goldman Sachs is targeting $7.5 billion for its second infrastructure fund, according to LBO Wire. It closed its debut infrastructure fund in 2006 with $6.5 billion. Goldman itself has committed to invest the lesser of $750 million or 12.5% of total capital commitments. www.gs.com
Justin Mirro has agreed to join Moelis & Co. as a managing director leaving coverage of the automotive sector. He previously was with Jefferies & Company. PRESS RELEASE Moelis & Company announced today that Justin Mirro will join the firm in July as a Managing Director based in New York. Mr. Mirro, who has over […]
Edwards Angell Palmer & Dodge announced that Walter Reed has been elected to serve as the law firm's new managing partner. He succeeds Terrence Finn and Charles DeWitt Jr., who have served as co-managing partners since the 2005 merger of Edwards & Angell and Palmer & Dodge. Reed joined the firm in 1981, and has […]
MediaXstream Inc., a San Jose, Calif.
iCrossing Inc., a Scottsdale, Ariz.-based digital marketing company, has acquired German competitor 3GNet. No financial terms were disclosed. iCrossing has raised around $141 million in total VC funding, from firms like Goldman Sachs, Oak Investment Partners, RRE Ventures and StarVest Partners. PRESS RELEASE Digital marketing company iCrossing has acquired 3GNet, one of Germany's longest-established […]