Eric Karp is stepping down as head of Bank of America's financial sponsors group, as first reported by The Deal. No word yet on his future plans. www.bankofamerica.com
Polaris Venture Partners has promoted Amir Nashant to general partner. He joined the firm's Waltham, Mass. office in 2002 as a principal, and focuses on healthcare opportunities. www.polarisventures.com
Lone Star Fasteners, a Spring, Texas-based company backed by Trinity Hunt Partners, has completed its acquisition of PRD Holdings Ltd., a UK-based maker of fasteners to the energy and heavy industrial markets. The combined company has an enterprise value of around $150 million. www.lonestarfasteners.com
Ampac Packaging LLC, a Cincinnati-based packaging company backed by Falcon Investment Advisors and Prudential Capital Group, has acquired the Trigon Security Products business of Sealed Air Corp. (NYSE: SEE). No financial terms were disclosed. Trigon makes security bag products for financial institutions, armored carriers and retailers for the depositing and shipping of cash, checks and […]
Bright Media Group, a San Francisco-based alternative media company backed by Trimaran Capital Partners, has acquired AdverTickets, a Dallas, Texas
EV Energy Partners LP (Nasdaq: EVEP) has agreed to acquire oil and natural gas properties in Central and East Texas from Anadarko Petroleum Corp. (NYSE: APC). The purchase price will be $100 million. EnerVest is EVEP's largest shareholder. www.evenergypartners.com
Lithium Technologies Inc., an Emeryville, Calif.-based provider of on-demand online community solutions, has raised $9 million in Series A funding. Shasta Ventures and Emergence Capital Partners co-led the deal, with Shata's Ravi Mohan and Emergence's Gordon Ritter joining the Lithium board of directors. www.lithium.com
Eltek Energy, a subsidiary of listed Norweigen telecom company Eltek Group, has agreed to acquire Valere Power Inc., a Richardson, Texas-based provider of power supply solutions for communications providers. The combined company will be called Eltek Valere, and is expected to “investigate a separate listing of the company in the US or another major global […]
RainDance Technologies Inc., a Guilford, Conn.-based nanotech company that is developing a platform for droplet-based microfluidics, has raised $23.66 million in Series B funding. Backers include Mohr Davidow Ventures, Pequot Capital (via Acadia Wood Partners) and JDS Capital. www.raindancetechnologies.com
Cybernet-SlashSupport (CSS), a San Jose, Calif.-based provider of outsourced technology operations management, has raised $25 million in second-round funding led by Goldman Sachs. www.csscorp.com