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Sorenson Capital invests in Rural Physicians group

Rural Physicians Group has secured an undisclosed investment from Sorenson Capital with participation from Leavitt Equity Partners. Based in Las Vegas, Rural Physicians Group provides “value-rich” solutions to rural hospitals.

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Cradlepoint scores $48 mln Series B

Boise, Idaho-based Cradlepoint, a provider of cloud-managed 4G LTE networking solutions, has raised $48 million in Series B funding. Sorenson Capital led the round with participation from Delta-v Capital and The CAPROCK Group. In addition to the funding, Sorenson Capital’s LeGrand Lewis and Ron Mika have been added to Cradlepoint’s board of directors.

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Norwest leads funding round for Health Catalyst

Health Catalyst, a provider of healthcare data warehousing services, announced it has raised $70 million in new funding, bringing the total amount raised by the Salt Lake City-based company to $170 million. Existing investor Norwest Venture Partners led the latest round, which included other previous investors Sequoia Capital, Kaiser Permanente Ventures, Sorenson Capital, CHV Capital and Partners HealthCare. New investors Sands Capital Ventures, Tenaya Capital, Epic Ventures and Leavitt Equity Partners also participated.

Health Catalyst appoints Sorenson Capital’s Bullock as board chair

Health Catalyst has named Fraser Bullock as chairman of the board of directors. Bullock replaces Dr. David A. Burton who is retiring as a board chairman but will remain as a senior vice president at Health Catalyst. Bullock is a co-founder and managing director at Sorenson Capital. Based in Salt Lake City, Health Catalyst is a provider of data and analytics that help healthcare organizations.

Kaiser Permanente Ventures and CHV Capital Back Health Catalyst

Health Catalyst, a Salt Lake City-based data warehousing company that’s focused on healthcare, has added $8 million to its Series B round, care of Kaiser Permanente Ventures and CHV Capital. Previously, the company had raised $33 million for its Series B, from investors that include Norwest Venture Partners, Sequoia Capital and Sorenson Capital.

Sorenson Cap Backs Mindshare Technologies

Sorenson Capital will back Mindshare Technologies, leading a $20 million investment in the company. The PrivateBank and Trust Company contributed to the growth investment with an additional credit facility. Richard Hanks, the CEO and president of Mindshare, said that the company will primarily use the capital raised for growth, and not M&A. He suggested the financing might not be the last for Mindshare, which is projected to hit the $19 million mark for revenue in 2011.

Sorenson Capital Adds CFO, Promotes Three

Brian Dunn has joined Sorenson Capital as chief financial officer, after having served as CFO of Abacus Private Equity Group. The firm also announced the promotions of Curtis Toone to managing director, and of Mark Ludwig and Mike Scott to principal.

Provo Craft Switches PE Sponsors

BAML Capital Partners has acquired a majority stake in Provo Craft & Novelty Inc. Seller Sorenson Capital will retain a minority equity stake, as will company management. No financial terms were disclosed. Robert W. Baird & Co. served as advisor to Provo Craft.

Sorenson Capital Buys Westinghouse Solar Lights

Sorenson Capital has acquired International Development Corp., a Roanoke, Texas-based provider of solar and other alternative residential outdoor lighting products. No pricing terms were disclosed. Leveraged financing was provided by NewSpring Mezzanine, Calvert Street Capital Partners and Patriot Capital.

Sorenson Takes Minority Stake in Jet Set Sports

Sorenson Capital, a Salt Lake City-based private equity firm, acquired a minority interest in Jet Set Sports, a New Jersey-based corporate hospitality services provider for the Olympic Games. Terms were not disclosed. Press release Sorenson Capital and Jet Set Sports today announced that Sorenson Capital has acquired a minority interest in Jet Set Sports, a […]

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