The former Banc of America Capital Investors private equity team has spun off from Bank of America to form Ridgemont Equity Partners. The principals of Ridgemont, who have invested over USD3bn in 140 companies, will seek to raise a new private equity fund in the near future. During Ridgemont’s fundraising

Movetis, the European gastrointestinal pharmaceutical company, has received a conditional offer from a Luxembourg incorporated wholly-owned subsidiary of Shire, the biopharmaceutical company. The offer is to acquire all outstanding shares and warrants of Movetis at an offer price of EUR19.00 in cash per share, valuing the company’s equity, on a

MBF Healthcare Partners, a middle market healthcare focused private equity firm, has sold Medical Specialties Distributors to private equity firm Water Street Healthcare Partners. Medical Specialties Distributors, based in Massachusetts, is a provider of infusion products, supplies, biomedical services and technology solutions to the growing home infusion therapy market. Medical

Catalysed by new government policies favouring solar energy and multiple demand-driven opportunities for water-related companies, private equity and venture capital firms are focusing on these cleantech sectors, a report from Venture Intelligence shows. The private equity and venture capital firms surveyed recently by Venture Intelligence chose water and wastewater engineering,

Venture capital firm Cross Atlantic Capital Partners has invested USD4m in a USD6.1m series B financing for Health Market Science, a data and analytics provider for the healthcare industry. Cross Atlantic led the round with follow-on investments from other institutional investors, including Edison Venture Fund. Health Market Science is a

Payfone has closed its series B financing, with Opus Capital and BlackBerry Partners Fund joining founding series A investor RRE Ventures in a USD11m round. Bob Borchers (pictured) of Opus Capital and Kevin Talbot of BlackBerry Partners Fund will join Payfone’s board of directors in connection with this financing. Payfone

RoundTable Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has established a platform business in the ophthalmology market. The new platform company, Beaver-Visitec International, consists of ophthalmology products and assets recently acquired from BD (Becton, Dickinson and Company) and Medtronic. Beaver-Visitec brings together the brands of

The Australian Private Equity & Venture Capital Association and Cambridge Associates have entered into a partnership to provide independent Australian private equity and venture capital data to industry participants. Under the agreement, Avcal will give its members access to aggregate Australian private equity and venture capital benchmark data and statistics.

The Sterling Group, a Houston-based private equity investment firm, has completed the acquisition of a majority interest in CCCG and its subsidiaries, including Express Integrated Technologies and Express Metal Fabricators. The acquisition was financed with equity from Sterling Group Partners II and debt financing from BNP Paribas. Express, headquartered in