Wi-Fi specialist Xirrus has secured an additional USD20m in a financing round led by venture capital firm InterWest Partners. This financing round brings the total investment in the company to USD80m. Xirrus will use the new funds to bolster its reserves and invest in partnerships with large integrators focused on

iNovia Capital, a Montreal-based manager of venture capital funds, has invested in BaroSense as part of the company’s series B financing round.   BaroSense is a privately-held medical device company specialising in the minimally invasive treatment of obesity. There are over 400 million people worldwide considered as obese. Despite proven

Parthenon Capital Partners has completed its USD15m investment in Seaside National Bank & Trust, a nationally-chartered commercial bank headquartered in Orlando, Florida. The investment will be made through the bank’s holding company, Three Shores Bancorporation, with funds from Parthenon Investors III. The investment was complemented by Lovell Minnick Partners, Continental

Frontier market fund TLG Capital has become the largest shareholder in the Swedish Ghana Medical Centre, a private healthcare provider located in Ghana. SGMC plans to offer state-of-the-art cancer care services to the entire West Africa region with the development of a USD40m “centre of excellence" across two phases. The

K-Mac Enterprises, a portfolio company of Olympus Growth Fund IV, has completed a USD110m recapitalization. K-Mac, the second-largest Taco Bell franchisee, operates 130 Taco Bells. It also operates Kentucky Fried Chicken and Golden Corral stores, giving K-Mac a total of 176 restaurants.   USD59m of the refinancing proceeds were used

DN Capital, a media and technology early stage and growth capital investor, has invested in Apsmart, a provider of solutions for the rapidly expanding smartphone market. Apsmart is a professional service and solution provider for high-end smartphone platforms and develops applications for organisations seeking to execute products on mobile devices.

Diamond Microwave Devices, a spin out from the diamond electronics team in Element Six Technologies, has closed a GBP1.3m equity investment from a consortium consisting of Oxford Technology Management, YFM, the ERA Foundation and two private investors. During the course of 2009, DMD has made various performance breakthroughs in its

The Private Equity Foundation has joined forces with European buyout firm Cinven to give follow-on funding to its portfolio charity, School-Home Support.  It brings PEF’s total contribution to School-Home Support to over GBP900,000, which is enabling the charity to double the number of pupils it helps to make the most

Sina, an online media company and mobile service provider for China and the global Chinese communities, has completed the subscription for ordinary shares by New-Wave Investment pursuant to an agreement signed in September 2009. New-Wave is a British Virgin Islands company established and controlled by Charles Chao (pictured), Sina’s president