Roark Capital Group has closed its second fund with $1 billion in capital commitments. The Atlanta-based firm focuses on mid-market opportunities in the food, restaurant, direct marketing, specialty retail and financial services spaces. Its first fund closed in March 2005 with $413 million. www.roarkcapital.com
GlobalScholar.com, a Bellevue, Wash.-based provider of online educational resources, has raised $27 million in Series B funding. Return backers include Ignition Partners and Knowledge Universe Education. Part of the capital will be used to acquire Excelsior Software, a Greeley, Colo.-based provider of educational assessment management solutions. www.globalsccholar.com
IntercontinentalExchange (NYSE: ICE) has agreed to acquire YellowJacket Software Inc., a New York-based operator of an electronic trade negotiation platform. No financial terms were disclosed for the deal, which is expected to close by the end of Q2. YellowJacket has raised around $4 million in VC funding since mid-2006, from Contour Venture Partners, Greenhill SAVP […]
MetroGroup Holding LLC, a portfolio company of Sterling Capital Partners, has sold its transaction services business to Microdynamics Corp., a portfolio company of Wafra Partners. No financial terms were disclosed. The business unit provides fulfillment and marketing services to direct mailers through facilities in Glendale Heights, Ill. and Seward, Nebraska. Duff & Phelps advised MetroGroup […]
Medical Services Co., a Jacksonville, Fla.
BioHorizons Implant Systems Inc., a dental implant company acquired by HealthpointCapital in 2006, has agreed to acquire Implant Logic Systems Ltd., a provider of technology solutions for the implant dentistry market. No financial terms were disclosed. Get more info. PRESS RELEASE BioHorizons Implant Systems, Inc. announced today its parent company has entered into a definitive […]
Kohlberg Capital has formed a new distressed investment platform called Panagos Katz Situational Investing. It will be run by Steven Pagnagos, former national practice leader of Kroll Zolfo Cooper's Corporate Advisory & Restructuring practice, and Jonathan Katz, the founding partner of Special Situation Investing. Kohlberg Capital is a publicly-traded affiliate of mid-market buyout firm Kohlberg […]
Allegro Development Corp., a Dallas
Collin Food Group, a portfolio company of Pacific Equity Partners, has put SoCal restaurant chain Pat & Oscar's on the block, according to LBO Wire. Trinity Capital is running the process. www.patandoscars.com
ZillionTV Corp., a Santa Clara, Calif.-based provider of next-generation pay television subscription services, has raised $4.01 million in Series A funding. Backers include Sierra Ventures and Concept Ventures. www.zilliontv.com