TutorVista Global, a Bangalore, India-based online educational tutoring company, has raised $3 million in additional funding from return backer Sequoia Capital India, according to The Economic Times.
BiancaMed, a Dublin, Ireland-based developer of software and sensors to monitor personal wellbeing in everyday life, has raised Euro 2.5 million in first-round funding. ePlanet Ventures led the deal, and was joined by existing corporate shareholder RedMed. www.biancamed.com
ALPS Advisors Inc., a portfolio company of Lovell Minnick Partners, has completed its acquisition of the Liberty All-Star Funds management business from Banc of America Investment Advisors. The fund family consists of two closed-end, NYSE-listed equity funds: Liberty All-Star Equity Fund (NYSE: USA), with net assets in excess of $1.3 billion as of Nov. 30, […]
Ace Mortgage Funding, a portfolio company of Roark Capital Group, has acquired Millennium Funding Group, a Vancouver, Wash.
DriveSol Worldwide Inc., a Troy, Mich.-based portfolio company of Sun Capital Partners, has acquired the automotive steering business of The Timken Co. (NYSE TKR). No financial terms were disclosed, except that the unit had 2005 sales of around $110 million. www.drivesol.com www.timken.com
Intrawest Corp., a resort operator owned by Fortress Investment Group, has agreed to acquire Colorado-based Steamboat Sky & Resort from American Skiing Corp. for $265 million. www.intrawest.com www.peaks.
Navigon AG, a German mobile GPS company backed by General Atlantic, has agreed to acquire the navigation software business of Navteq Corp. (NYSE: NVT) for an undisclosed amount.
Xyratex Ltd. (Nasdaq: XRTX) has agreed to acquire the key assets of ARIO Data Networks Inc., a San Jose, Calif.-based provider of bladed storage solutions and RAID controllers. No financial terms were disclosed for the deal, which is expected to close by year-end. ARIO had raised over $35 million in total VC funding, including a […]
Check Point Software Technologies Ltd. (Nasdaq: CHKP) has agreed to acquire NFR Security, a Rockville, Md.-based provider of real-time network threat prevention solutions. The deal is valued at approximately $22 million, including acquisition expenses. NFR has raised around $43 million in VC funding since 2000, from firms like Lazard Technology Partners, Allen & Co., Blue […]
DDJ Capital Management has sold its majority interest in Austin, Texas-based jewelry retailer Samuels Jewelers Inc. to Gitanjali Gems Ltd. No financial terms were disclosed. www.samuelsjewelers.com