Deals
OR Productivity (ORP) has closed the first GBP1m of a GBP2.5m round of funding for the roll-out of its FreeHand surgeon-controlled camera holder.
The GBP1m was raised mainly from existing shareholders, including GBP350,000 from the AngelCoFund, following its original GBP500,000 investment in 2012.
ORP is in discussion with other individuals and funds with a view to closing, over the next few months, the remaining GBP1.5m it is looking for to complete its commercial roll-out. The Angel CoFund will also participate in that part of the round, increasing its total investment in ORP to GBP1m.
The FreeHand makes
Wermuth Asset Management, adviser to the Green Gateway Fund, has made an investment of EUR6.5m in Aquarius Water Group (AWG).
AWG is a provider of advanced water systems, solutions and technologies to the oil and gas industry and other heavy industries.
Green Gateway Fund senior partner Casper Heijsteeg says: “We see AWG as an extremely attractive investment – this is a high-quality company with very strong growth prospects, led by a management team with a clear vision. Our investment in AWG goes beyond just a financial commitment. For us, this is a strategic partnership, and we look forward
Practice Fusion has completed a USD70m series D financing round, led by Kleiner Perkins Caufield & Byers and institutional investors OrbiMed Advisors, Deerfield Management Company and Industry Ventures.
Previous venture capital investors including Artis Ventures also participated bringing the company’s total capital raise to USD134m.
The investment will accelerate Practice Fusion’s continued leadership in the electronic medical record (EMR) market, expand its offerings to patients and power new clinical data research and development.
"In our mission to drive better health and save lives, Practice Fusion has successfully connected more doctors, patients, labs, pharmacies and imaging centres than
Wharton Equity Partners has taken title to one of the largest remaining undeveloped parcels of land in the Miami CBD, a full city block comprised of approximately 2.2 acres.
The property was acquired through a deed in lieu of foreclosure on a note that Wharton Equity purchased from IberiaBank earlier in 2013. The note was acquired with an institutional partner in an all cash transaction that closed in under 30 days from contract signing.
The partnership has begun evaluating options for the property including development, joint venture and/or sale.
Known as the "Burdines Site," the property
Investcorp has acquired Paper Source, a multi-channel retailer offering a selection of uniquely designed and curated gifts, stationery and crafting supplies.
Investcorp purchased Paper Source from Brentwood Associates, a Los-Angeles-based private equity firm. Terms of the transaction have not been disclosed.
Catering to customers seeking innovation and original designs, Paper Source sells a unique selection of fine and artisanal papers, invitations and announcements, personalised and distinctive gifts, gift wrap, greeting cards, custom stamps, and a custom collection of envelope and cards through its company-owned retail stores. Headquartered in Chicago, Illinois, Paper Source operates 73 stores across 23 states.
Brazos Private Equity Partners’ portfolio company Healthcare Solutions has acquired Modern Medical, a pharmacy management and specialty health services company serving the workers’ compensation market.
The investment is Healthcare Solutions’ third add-on acquisition. Terms of the transaction have not been disclosed.
Healthcare Solutions is the parent company of Cypress Care, Procura Management and ScripNet. The company completed the acquisition of Modern Medical on 13 September.
“We are excited about completing this strategic add-on acquisition,” says Jeff Fronterhouse, co-founding partner and co-chief executive of Brazos. “Consistent with our initial investment thesis, the containment of medical costs within the
Vodafone has obtained unconditional merger control clearance from the European Commission for the voluntary public takeover offer for Kabel Deutschland.
With merger approval from the European Commission, all conditions to the offer have been met and Vodafone expects to close the transaction on 14 October 2013.
Kabel Deutschland shareholders who have not yet accepted the offer can tender their shares until midnight (CET) on 30 September 2013.
Vodafone’s offer values Kabel Deutschland at EUR87 per share.
International law firm Edwards Wildman has advised Bessemer Venture Partners as lead investor on a USD35m series D financing for UK technology firm NewVoiceMedia.
London based partner Shawn Atkinson led the cross-border team with assistance in the London office from Jill Hanson, Costa Smith and Joel Marris. Providence based partner Eugene McDermott, along with tax partner Scott Pinarchick and associate Katie Day (both Boston), provided advice on the US aspects of the transaction.
NewVoiceMedia is a provider of true cloud contact centre and voice solutions. Established over 10 years ago, it now serves over 8,000 agents and has over
Gousto, the new recipe box delivery business that recently appeared on Dragon’s Den, has raised further funds from investors.
A group of food industry veterans has invested GBP130,000 and the Angel CoFund has invested a further GBP120,000. Along with initial backers, this has given Gousto a total of half a million pounds worth of investment.
Gousto, the brainchild of Timo Schmidt and James Carter, delivers organic, local produce in exact portion sizes, for specific recipes – therefore eliminating any waste, making the cooking process easy for users and encouraging healthier home-cooked dining.
This latest fundraising round will
Resource Capital Partners (RCP), a private equity fund management company with offices in Denver and Almaty, Kazakhstan, has made its first investment.
The fund will allocate up to USD6m through a convertible debt instrument to finance a CapEx programme for the Maxut copper-nickel deposit in Kazakstan. The developer of the project is BAST LLP.
The fund will obtain an equity interest of 50.1 per cent.
Richard Waryn, managing director, says: “We are pleased to announce our fund’s first investment. The Maxut copper-nickel project offers a compelling opportunity for the fund to acquire a majority stake in a substantially
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