Deals
Opsona Therapeutics has raised an additional EUR3m (USD4m) in a second closing of its previously announced series C equity financing from new investor Omnes Capital.
The extension brings the total raised by Opsona in this series C financing to EUR36m (USD48.6m). On 25 April 2013, Opsona raised EUR33m (USD43m) from Novartis Venture Fund, Fountain Healthcare Partners, Roche Venture Fund, Seroba-Kernel Life Sciences, BB Biotech Ventures, Sunstone Capital, Baxter Ventures, Amgen Ventures, and EMBL Ventures.
The company will use the proceeds of this series C financing to supplement funding a three-part multi-centred, double blinded and placebo controlled clinical study
LNK Partners, a private equity firm focused on investing in the consumer/retail sector, has teamed with management to acquire Fitness Connection, a low-price, high-value chain of health clubs.
The size of LNK’s investment and other terms were not disclosed.
Fitness Connection’s strategy combines value pricing of USD9.95 to USD19.95 per month and no long-term contract obligation with a full range of amenities and services including personal training, kid’s club, group exercise classes, and access to swimming pool, basketball, racquetball, women’s only areas, cardio movie theatre, sauna, steam room, and tanning facilities. The company currently has 28 locations in
Private equity firm The Sterling Group’s affiliated investment fund, Sterling Group Partners III, has completed the acquisition of ROM Corporation and Specialty Manufacturing Inc (SMI).
The businesses have been combined through its holding company, Safe Fleet Acquisition Corp. The investment is Sterling’s fifth investment in its third fund, a USD820m fund raised in 2010. The companies were formerly owned but independently operated and financed by Century Park Capital Partners.
Headquartered in Belton, Missouri, the newly combined company provides safety and productivity-oriented components to the emergency vehicle, truck and trailer, utility vehicle, school bus, and transit bus end markets.
ACTIVE Network is to be acquired by private equity firm Vista Equity Partners in an all cash transaction valued at approximately USD1.05bn.
Under the terms of the agreement Vista will commence a tender offer to acquire all of the outstanding shares of ACTIVE’s common stock for USD14.50 per share in cash, representing a premium of approximately 111 per cent to ACTIVE’s year to date average closing stock price.
The ACTIVE board of directors unanimously recommends that ACTIVE stockholders tender their shares in the tender offer.
"This announcement represents a very positive event for our stockholders and allows
PowerbyProxi, developer of a wireless power system, has received USD4m in funding from Samsung Ventures Investment Corporation (SVIC).
Michael Pachos from SVIC joins PowerbyProxi’s board.
This brings the total value of the company’s Series C financing to over USD9m following an announcement earlier this year that PowerbyProxi had raised USD5m from TE Connectivity and existing investor Movac.
SVIC is the investment arm of the Samsung Group, a global player in areas that range from mobile devices and flat-panel displays to chemicals and life insurance. This investment marks its first in the wireless power industry.
"Receiving this
The TCW Group has acquired Los Angeles-based Craton Equity Partners, a private equity firm that specialises in socially responsible investing.
Terms of the transaction were not disclosed.
Founded in 2006, emerging manager Craton Equity provides growth capital to venture-backed companies within the sustainability, resource efficiency and carbon-reducing technology sectors. The firm has USD241.5m in assets under management and typically invests in companies with low-capital requirement business models that generally operate independent of any tax credits and government subsidies.
“The acquisition of Craton Equity further expands our alternative asset management platform at a time when institutional investors are
AXA Private Equity has completed its spin-out from the AXA Group and will become Ardian, an independent private investment company.
Management and employees of Ardian, led by the Board comprising Dominique Senequier, Vincent Gombault, Dominique Gaillard, and Benoît Verbrugghe (pictured), form the largest shareholding group, holding 46% of the company. With existing teams in place, Ardian will continue to demonstrate the investment expertise, culture and level of service for which the company has been known as AXA Private Equity.
AXA Group, now with a 23% stake, remains a major financial sponsor in Ardian, having agreed to commit 4.8 billion euros
Love Home Swap, the home swap holiday service, has raised a further GBP1.025m follow-on funding from lead investor MMC Ventures.
Love Home Swap has also launched a new Swap Points scheme, a world-first within the social travel sector.
With the new Swap Points scheme, arranging trips becomes easier through the Love Home Swap site as members no longer need to match exact dates and destinations with each other. They can now pledge time in their property to a central bank. In exchange they receive points that they can redeem to stay in other members’ homes around the world for free – without
Albion Ventures, one of the UK’s largest independent venture capital investors, has invested up to GBP3.5m in Relayware, a provider of B2B collaboration and multi-channel communication solutions.
The investment will enable Relayware to accelerate its growth and extend its lead in technological innovation.
Relayware delivers an indirect channel collaboration and communication solution that automates every stage in the channel partner lifecycle. The company estimates that around 96 per cent of companies rely on indirect channels to market, sell and support their products and services yet in many instances the relationship is challenged by a lack of control, accountability
Private equity firm Catterton Partners has made an investment in PIADA Italian Street Food, a fast-casual Italian eatery based in Columbus, Ohio with restaurants in Ohio and Indiana.
Terms of the transaction have not been disclosed.
PIADA currently has 14 locations across the Midwest, with six planned to open by the end of 2013. In 2013, PIADA was named one of Nation’s Restaurant News’ five "Hot Concepts" as well as one of Nation’s Restaurant News’ top 50 breakout brands.
"We are excited to enter into this strategic partnership with Catterton, which has extensive expertise in developing restaurants
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