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Intelligence

Francisco Partners’ portfolio company API Healthcare acquires Concerro

Private equity firm Francisco Partners has acquired Concerro through API Healthcare, an existing portfolio company that provides workforce management technology to the healthcare industry. Based in San Diego, California, Concerro is a provider of software-as-a-service (SaaS) staffing and scheduling systems for healthcare. Through this acquisition, API Healthcare will expand its

Longitude Capital expands investment team with senior hire

Longitude Capital, a life sciences venture capital firm, has appointed Gregory Grunberg, MD, as Managing Director in the Menlo Park, California office, effective immediately. At Longitude, Dr Grunberg will focus primarily on medical device company investments. "We are delighted to welcome Greg to our Longitude team. He brings broad experience

Riverside Partners’ portfolio company Welocalize to invest in Park IP Translations

Boston-based private equity firm Riverside Partners is to make a significant investment in Park IP Translations, a market leader in the highly technical field of patent translation. The investment, which will be made through Riverside Partners’ portfolio company, Welocalize, will enhance the company’s service offerings, providing clients with better translations

Corel completes acquisition of Roxio from Rovi Corporation

Corel has completed the acquisition of the Roxio business from Rovi Corporation. With this deal, Corel has expanded its product portfolio to include Roxio’s broad range of digital media and security solutions, including digital media suite Roxio Creator and Roxio Toast, a leading media conversion software on the Mac platform.

Handshake 2

CDC appoints new MD for direct investments

CDC Group plc (CDC), the UK’s development finance institution (DFI), has appointed Mark Pay as Managing Director, Direct Investments. Pay’s career has primarily been in direct investing and has encompassed making, developing and exiting investments in Africa, India, the Americas, China and the UK. He left CDC in 2004 to

Spanish flag

HIG Capital opens Madrid office

Private equity firm HIG Capital has opened a Madrid office and appointed Jaime Bergel as a Managing Director to lead its efforts in Spain. HIG, through its HIG Europe affiliate, currently has a team of over 40 investment professionals based in Europe, operating out of offices in London, Paris, and

Vernon Barback, GlobeOp president and COO

GlobeOp appoints Tim Ridley, former CIMA chairman, to Cayman subsidiary board

GlobeOp Financial Services has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley, the former chairman of the Cayman Island Monetary Authority (CIMA) and a former senior partner of Maples and Calder, was appointed following the recent resignation of Gary Linford. “Demand for greater hedge fund transparency and governance

Heritage makes several new appointments

Heritage International Fund Managers Limited (HIFM) has made a host of new appointments. David Dorey (pictured), who joined the team as Head of Private Equity in January 2012, will be responsible for the client delivery on all existing and new private equity clients. David has a wealth of experience in

Christian Faes, Managing Director of Montello

Montello expands its funding and completes first medium term loan

London-based bridging financier Montello Bridging Finance, has obtained significantly expanded funding lines, which has allowed it to enter the medium term loan market. The first medium term loan by Montello, was completed last week in a deal for GBP1.15m and for a three-year term. The loan was against a mixed

Aerospace & defence M&A results are record-breaking, says PwC

Global aerospace and defence (A&D) merger and acquisition (M&A) value reached a record level in 2011, according to Mission Control, a quarterly analysis of M&A activity in the global A&D sector by PwC. Aggregate deal value reached USD43.7 billion supported by 341 deals in 2011, compared to total deal value

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