Sullivan joins Baird Capital

Owen Sullivan has joined Baird Capital as an Operating Partner. He will work with Baird Capital technology & services to find new opportunities. Sullivan most recently served as President of Specialty Brands for ManpowerGroup.


GE Ventures, Baird lead $18 mln funding in Apervita

GE Ventures and Baird Capital have led an $18 million Series A funding round in Apervita, formerly known as Pervasive Health, Inc., a health analytics marketplace. Other investors in the funding round include Pritzker Group Venture Capital, Math Ventures and existing investors. Apervita was developed with seed funding in 2013.


Mobile security firm NowSecure rakes in $12.5 mln

NowSecure, an Oak Park, Illinois-based mobile security firm, has secured $12.5 million in Series A funding. Baird Capital‘s venture capital group led the round with participation from Jump Capital and Math Venture Partners.


Baird Capital closes $185 mln for fourth venture fund

Baird Capital, the private investment arm of Robert W. Baird & Co., has raised $185 million for its oversubscribed fourth venture capital fund, sweeping past its $150 million target. Fund IV’s LP base includes numerous institutions, foundations and family offices. So far, the fund has made investments in Catalyze, emids, Integrated Diagnostics, NeuMoDx Molecular and WordStream.


Baird Capital taps Hoffman as an operating partner

Baird Capital has appointed Scott Hoffman as an operating partner. Previously, Hoffman worked at Brady Corp. where he served as president of global workplace safety. Baird is the private investment arm of Robert W. Baird & Co.


Pritzker Group adds two as senior advisors

Pritzker Group Private Capital has hired Keith Harrison and Jamie Bellanca as senior advisors. Previously, Harris worked at Procter & Gamble where he most recently served as its global product supply officer while Bellanca was vice president of Cleversafe’s advanced technology group. Currently, Bellanca is technology consultant for Baird Capital.


Sage North America to buy VC-backed PayChoice

Sage North America has agreed to acquire PayChoice. No financial terms were disclosed. Raymond James served as financial advisor to PayChoice on the transaction while William Blair advised Sage. Based in Mt. Laurel, NJ, PayChoice is a provider of payroll solutions for small and medium-sized businesses. It is backed by Great Hill Partners, Baird Capital and North Hill Ventures.


Mounce joins Baird Capital

Baird Capital said Monday that Melissa Mounce has joined as VP of Human Capital. Mounce previously was the Global Divisional Talent Acquisition Leader for Abbott. Baird is the private investment arm of Robert W. Baird & Co.


Mednax to buy Baird Capital-backed MedData

Mednax has agreed to acquire MedData, a portfolio company of Baird Capital. No financial terms were disclosed. The deal is expected to be completed in the third quarter of 2014. Headquartered in Brecksville, Ohio, MedData is a provider of revenue cycle management solutions.


Baird Capital exits Frontage

Tigermed has acquired a majority ownership stake in Frontage Labs from Baird Capital. No financial terms were disclosed. Based in Exton, Pennsylvania, Frontage is a provider of bioanalysis, preclinical studies, early phase clinical studies and product development services for biopharmaceutical firms.


Baird Capital backs WordStream

WordStream said Tuesday that it has received $12 million in funding. Baird Capital led the round. Based in Boston, WordStream is a provider of search engine marketing solutions.


Baird Capital’s Myelin Health buys AVID

Myelin Health, a portfolio company of Baird Capital, has acquired AVID Design. No financial terms were disclosed. Based in Norcross, Georgia, AVID is a provider of online marketing, communication and technical services to hospitals, healthcare systems and physician groups.

PE-backed Alpha expands leadership team with three new hires

Alpha, which is backed by Baird Capital, has added Paul Quirk, Michael Talbot and Joe Morant to its U.S. senior leadership team. All three will be based in the firm’s New York Office. Previously, Quirk worked at LiquidHub while Talbot and Morant worked at Navigant Consulting. Alpha is a provider of consulting services to asset and wealth managers and the companies that service them.

Montage inks $6 mln Series C

Montage has secured $6 million in Series C funding. Beringea led the round with participation from previous backers Baird Capital, GCI and Calumet Venture Fund. According to the firm, the capital will be used for growth and expansion. Based in Wisconsin, Montage is a provider of video interviewing solutions.


Baird Capital re-hires Bernstein, will be a partner in PE group

Baird Capital said Thursday that Michael Bernstein has rejoined the firm as a partner in its U.S. private equity group. Based in Chicago, Bernstein first joined Baird Capital in 2008 as an executive-in-residence. He is also the former president and CEO of Medical Education Technologies, a portfolio company of Baird Capital.


Columbia Sportswear agrees to buy PE-backed PrAna for $190 mln

Columbia Sportswear Company has agreed to acquire lifestyle apparel brand PrAna from majority owner Steelpoint Capital Partners and others for $190 million in cash. Scott Kerslake, CEO of PrAna, will remain in his position and report directly to Columbia President and CEO Tim Boyle. J.P. Morgan Securities served as financial advisor to Columbia Sportswear Company on the transaction while Baird Capital advised PrAna.

Indi raises $47.25 mln

Molecular diagnostics company Indi has raised $30.25 million in a Series B and $17 million in non-dilutive debt financing provided by Life Sciences Alternative Funding. The round was led by Baird Capital and joined by Indi’s existing investors, InterWest Partners and the Wellcome Trust.

Integrated Diagnostics racks up $47.25 mln

Integrated Diagnostics said Tuesday that it has secured $30.25 million in Series B funding and $17 million in debt financing from Life Sciences Alternative Funding for a total tally of $47.25 million. Baird Capital led the Series B round with participation from return backers InterWest Partners and the Wellcome Trust. Based in Seattle, Integrated Diagnostics is a molecular diagnostics firm pioneering the use of blood-based proteomic tests.

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