Marley Coffee has settled over USD1 million in debt and trade payables, removing these obligations from its balance sheet, in exchange for the issuance of shares of its common stock to Ironridge Global IV, an institutional investor specialising in direct equity investments in consumer product companies. Ironridge previously purchased certain debts of the Company held by third party creditors, which make up the amount settled. The Company continues to pursue an aggressive growth strategy to meet surging customer demand. This transaction is intended to increase Marley Coffee’s future cash flows and strengthen its balance sheet, which will in turn give

French company EyeTechCare has secured a third round of funding amounting to EUR10m. Bernard Chauvin, a private investor, has taken an equity stake in the company alongside the two of the existing investors which also contributed to this round of funding: the capital investment company Omnes Capital (formerly Crédit Agricole Private Equity) and the Lyon-based insurer SHAM. Since its last round of funding in 2010, EyeTechCare has completed the EyeMUST 1 trial, which tested the EyeOP1 device on around 60 glaucoma patients in nine centres in France. In May 2011, EyeTechCare obtained the CE mark, allowing the company to start

Maven Capital Partners, a venture capital trust, private equity and alternative asset manager, has made a partial exit from its investment in Homelux Nenplas via the sale of the Homelux Division to US firm QEP Company. Homelux is a supplier of tile accessories to the DIY and professional market. Specialising in the marketing and merchandising of kitchen and bathroom products, the business supplies home improvement outlets across the UK, Europe and North America. Since Maven invested in the management buyout of the business in 2006, in a transaction led by Andrew Ferguson of Maven’s Birmingham team, the company has grown

Lund International, a portfolio company of Highlander Partners, has acquired the Prestige Fender Flare assets of Empower Group. Prestige Fender Flares is a designer and producer of premium quality fender flares sold throughout the US. Co-founders Anthony Liu and Robert Chen, who have built Prestige into a leading provider of fender flares in the automotive aftermarket, will join Lund in a management capacity focusing on new product development.  Liu and Chen say: "We are excited to complete this transaction with Lund and look forward to leveraging its extensive, multi-channel distribution capabilities to continue to grow in the fender flare market

MacuLogix, a specialist in the early detection and tracking of age-related macular degeneration (AMD), has raised USD3.6m in series A funding. Investors include Berwind Private Equity, Roche Venture Fund, Life Sciences Greenhouse of Central Pennsylvania, and Ben Franklin Technology Partners of Central and Northern Pennsylvania. The funds will be used to accelerate manufacturing and commercial sales of the MacuLogix’ AdaptDx. The AdaptDx is being developed to be the first practical diagnostic for early detection and tracking of AMD. Based on significant advances in the measurement of dark adaptation, the AdaptDx will provide doctors with an easy-to-use, functional diagnostic similar to

Dominion has signed a purchase and sale agreement for three merchant generation power stations with a subsidiary of funds controlled by Energy Capital Partners, a private equity firm with offices in New Jersey and California. The sale is expected to close in the second quarter of 2013. The power stations are: Brayton Point Power Station, a 1,528-megawatt power station in Somerset, Massachusetts, with three coal-fired units and one unit fired by oil or natural gas. Dominion has owned it since 2005. Kincaid Power Station, a 1,158-megawatt power station in Kincaid, Ilinois, with two 579-megawatt coal-fired units. Dominion has owned Kincaid

Taylor Wessing, the international law firm, has advised Inflexion Private Equity Partners on the sale of Pims Group, the wastewater services company, to US buyer Xylem, a water technology company, for a headline price of USD57m. The transaction is the first instruction for the firm from new client Inflexion and follows partner James Goold’s recent arrival from Jones Day. Goold, who led the transaction, says: "I am delighted to have completed this disposal for Inflexion so soon after my arrival at Taylor Wessing. Having acted for Inflexion on the original buy-out of the Pims Group, and subsequent acquisitions, it is

Arma Partners acted as the exclusive financial adviser to the shareholders of Arieso on its sale to JDS Uniphase Corporation (JDSU) for USD89m in cash. Headquartered in Newbury UK, Arieso brings mobile software expertise to JDSU to address the rapidly growing deployment of small cells and challenges associated with limited spectrum capacity. Adopted by leading wireless network operators and equipment manufacturers, Arieso’s solutions locate, store and analyse data from billions of mobile connection events that translate into rich intelligence to help mobile operators optimise network performance, improve customer experience and create new revenue-generating services.   The acquisition advances JDSU’s mobility