StrongMail Systems Inc., a Redwood shores, Calif.-based provider of email delivery software, has raised $13 million in third-round funding. DAG Ventures led the deal, and was joined by return backers Evercore Partners, Globespan Capital Partners and Sequoia Capital. The company previously had raised $15.5 million. www.strongmail.com
Tutor.com, a New York-based provider of live online tutoring services, has raised $9.5 million in its second round of VC funding since a 2006 recap. Intel Capital led the round, and was joined by Ascend Venture Group, Kidron Opportunity Fund and return backer Dawntreader Ventures. Tutor.com also raised $4 million in venture debt from MMV […]
Olive Software Inc., a Santa Clara, Calif.
Canon Communications LLC of Los Angeles has acquired four manufacturing technology events from UK-based Trident Exhibitions Ltd. The shows are: IPOT; Machine Vision and Displays Technology; MTEC; Machine Building, Drives & Automation; and Practical Vacuum. No financial terms were disclosed. Canon is controlled by Spectrum Equity Investors. www.cancom.com
GMAC Insurance, a business unit of GMAC Financial Services, has agreed to acquire Provident Insurance, the UK-based automotive insurance division of Provident Financial PLC. The deal is valued at approximately
AIG Highstar Capital has sold its 50% stake in Northern Star Generation LLC to UBS Americas for an undisclosed amount. Northern Star is a Houston, Texas-based owner, operator, and acquirer of U.S. energy facilities. It was formed in early 2004 by AIG Highstar and Ontario Teachers' Pension Plan (which is maintaining its position). www.northernstargen.com
Kohler Co.'s Global Power Group has agreed to acquire Italian engine maker Lombardini Srl from a fund managed by BC Partners. No financial terms were disclosed.
TSG Consumer Partners has sold PureOlogy Research LLC to L'Oreal USA Inc., a subsidiary of L'Oreal SA. No financial terms were disclosed. PureOlogy is an Irvine, Calif.
Apollo Management is planning to raise at least $15 billion for its seventh buyout fund, according to Private Equity Insider. The article says that the plan was unveiled to limited partners during an annual meeting late last week, and that firm CEO Leon Black did not specify a fund cap. Apollo closed on $10 billion […]
Institutional Venture Partners is expected to hold a first close today on its twelfth fund, according to VentureWire. The fund is being marketed with a $450 million target and $600 million soft cap. www.ivp.com