SolFocus Inc., a Palo Alto, Calif.-based developer of solar concentrator photovoltaic systems, has raised $52 million in new VC funding. This includes $27.4 million for a new European subsidiary (SolFocus Europe), and $24.6 million in Series B funding for the U.S. parent company. Return backer New Enterprise Associates led the deal, and was joined by […]
Sentinel Capital Partners has agreed to sell MetroCare Dental to American Dental Partners Inc. (Nasdaq: ADPI) for $85 million in cash. The deal is expected to close later this quarter. MetroCare Dental is a multi-specialty dental group with 34 dental facilities in the Minneapolis-St.Paul area.
MBK Partners has agreed to sell its majority stake in South Korean leasing company Hanmi Capital to Woori Financial Group for approximately $289 million, according to The Financial Times. www.mbkpartnerslp.com
Canon Communications LLC of Los Angeles has acquired Engel Publishing Partners from Euromoney Institutional Investor PLC. No financial terms were disclosed. Engel is a B2B media company focused on the pharmaceutical market. Canon is controlled by Spectrum Equity Investors. www.cancom.com
GrowthWorks Manitoba has agreed to acquire the manager of ENSIS Growth Fund, a VC and private equity fund focused on Manitoba-based companies. No financial terms were disclosed. www.growthworks.ca www.ensis.mb.ca
Moelis & Co. has closed its debut fund with $1.8 billion in capital commitments, according to LBO Wire. The Los Angeles-based merchant bank firm was launched earlier this year by former UBS I-banking chief Ken Moelis, and will mostly participate in private equity club deals
Daniel Leff is leaving Harris & Harris Group at the end of this month. He had been a managing director and executive vice president. No word yet on his future plans. www.tinytechvc.com
Hank Plain has joined Morgenthaler Ventures as a partner. He will continue to serve as vice chairman of medical device incubator The Foundry. Plain was CEO of Perclose Inc. from 1993 to 2000, during which time the company went public and then sold to Abbott Labs for $650 million. www.morgenthaler.com/ventures
Joseph DeAngelo last Thursday resigned as chief operating officer of Home Depot (NYSE: HD). The move came as Home Depot closed the $8.5 billion sale of its HD Supply unit to three private equity firms, and DeAngelo is expected to work with the newly-independent company. www.homedepot.com
Kovio Inc., a Sunnyvale, Calif.-based developer of semiconductor products using thin-film technologies,, has held a $19.5 million first close on its Series D round. Pinnacle Ventures led the deal, and was joined by return backers Bessemer Venture Partners, DAG Ventures, DEA Capital, Flagship Ventures, Harris & Harris Group, Jerusalem Venture Partners, Kleiner Perkins Caufield & […]