Allocations
Versartis has completed a USD20m series D financing led by new investor Sofinnova Ventures.
Existing investors Advent Venture Partners’ Advent Life Sciences fund, Aisling Capital, Amunix Operating, Index Ventures and New Leaf Venture Partners all participated in this round.
As a result of its investment, general partner Srinivas Akkaraju will represent Sofinnova on the Versartis board of directors.
The proceeds from this financing will primarily be used to prepare for an international Phase 3 paediatric trial of VRS-317, the company’s proprietary long-acting recombinant human growth hormone (rhGH) for the treatment of growth hormone deficiency (GHD).
This
Ardian (formerly AXA Private Equity) is teaming up with Laboratoires Anios chief executive Bertrand Letartre and deputy chief executive Thierry Letartre to acquire a majority stake in the business from Air Liquide.
Laboratoires Anios is one of the European leaders in disinfection solutions for hospitals and clinics. The transaction reflects Ardian’s willingness to support Bertrand and Thierry Letartre in their growth strategy for the business.
The proposed transaction remains subject to the signing of a definitive agreement and approvals by the French antitrust authorities and the works council bodies of Laboratoires Anios.
Based in the outskirts of
ODSA Topco, a company backed by funds advised by Apax Partners, is to acquire product development services firm GlobalLogic.
The agreement will further enable GlobalLogic to deliver design and engineering solutions to companies worldwide, and continue as a leading provider of software R&D services. Terms of the agreement have not been disclosed.
Under the terms of the transaction, the GlobalLogic business will be acquired by ODSA. The transaction is subject to customary closing conditions and is expected to be completed before the end of 2013.
"Over the past decade, we have built GlobalLogic into a 6,600 person-strong
AUA Private Equity Partners, a lower middle-market private equity firm investing in US Hispanic-oriented and/or family-owned businesses, has recapitalised Associated Foods Holdings.
In excess of 30 per cent of invested capital has been distributed back to investors within 10 months of the firm’s original investment.
AUA Equity acquired Associated in December 2012, partnering with the existing owners Harry Laufer and Ira Gober. Since AUA’s investment, AUA has accelerated the company’s growth by adding new stores to its network, creating a distribution partnership with UNFI, bolstering the management team and increasing the company’s note portfolio to existing and new
Fenergo has secured EUR4m of new equity funding, which will help support the company’s continued international growth and development.
The EUR4m investment is being made by The Ulster Bank Diageo Venture Fund, managed by Investec Ventures, with co-investment from existing shareholders.
Fenergo, which develops client onboarding, enterprise compliance and data management software solutions for investment banks, plans to use the funds to further expand its global footprint across North America, Europe and Asia Pacific, and accelerate the development of its enterprise platform. This announcement builds on the company’s successes over the last year which has seen it sign
Water Street Healthcare Partners has sold ConVerge Diagnostic Services to Quest Diagnostics.
Headquartered in Peabody, Massachusetts, ConVerge is a regional laboratory providing clinical, cytology and anatomic pathology testing services.
Water Street invested in ConVerge in 2009 and recruited a management team spearheaded by Bob Gorman, a leader with more than 20 years of laboratory services experience. Together, Water Street and the company’s management team expanded ConVerge’s test menu and capabilities, particularly in the area of women’s health, and invested in initiatives to enhance customer service. They also partnered with universities, health systems, hospitals and physician groups to grow
Albion Ventures has led a substantial investment in Aridhia Informatics, a health and biomedical informatics company.
Founder investor Scottish Equity Partners (SEP) also participated in the round.
Headquartered in Edinburgh, Aridhia was founded in 2008 by Dr David Sibbald OBE and Professor Andrew Morris, dean and professor of medicine at the University of Dundee, Scotland and renowned internationally for his research on diabetes and the use of healthcare informatics in clinical health provision.
Aridhia has an informatics platform with cutting-edge analytical tools to support healthcare and research. It has established an international client base and a network
Maternity clothing brand Isabella Oliver has secured GBP700,000 of growth capital investment, and GBP700,000 debt finance to fuel growth, from Santander’s Breakthrough programme.
Established in 2003, Isabella Oliver is an online retailer of clothing for women during all stages of pregnancy. The brand has grown rapidly since creation with its focus on stylish, flattering fashion appealing to pregnant women workers and high profile celebrities in both the US and the UK. Its customers include Angelina Jolie, Jennifer Lopez and Natalie Portman and around a third of its sales come from customer referrals.
A winner of the Queen’s Award
Electranova Capital, the cleantech investment fund managed by Idinvest Partners in partnership with EDF, has invested in Enlighted to accelerate its growth in Europe.
Headquartered in Silicon Valley, Enlighted harnesses sensors, software and analytics to increase energy efficiency in industrial, commercial and office buildings. The company’s first application, advanced lighting controls, saves companies between 50 and 70 per cent in lighting costs. In North America, Google, LinkedIn, Hewlett‐Packard, AT&T and other “Fortune 1000” companies have adopted Enlighted’s technology in the past three years. In all, Enlighted has saved more than 15 Gigawatt hours of electricity.
Enlighted is developing
Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement, has acquired Escort from a consortium of investors led by Falconhead Capital.
Monomoy acquired Escort through its second fund, Monomoy Capital Partners II. Terms of the transaction were not disclosed.
Escort offers a line of automotive accessories and is the market leader in the design, manufacture and distribution of radar detectors and mobile data used for ticket protection. Escort’s products are marketed under two brands – ESCORT and BELTRONICS. Through these brands, the company maintains the leading market position in the sale
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