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Kareo, a provider of cloud-based medical office software and services for small medical practices, has secured USD29.5m in growth capital.
This latest financing was led by Greenspring Associates and joined by OpenView Ventures and Silicon Valley Bank.
The new capital will be used to invest in sales and marketing to accelerate growth, further enhance the company's cloud-based software platform, and scale its revenue cycle management operations.
"We are thrilled to continue our successful partnership with investors Greenspring Associates and OpenView Ventures and welcome the new investment by Silicon Valley Bank," says Dan Rodrigues, CEO and founder of Kareo.
Lowenstein Sandler is bolstering its private equity and mergers and acquisitions practices with the addition of private equity M&A lawyer Michael A. Brosse as a partner in its corporate department.
Brosse joins Lowenstein Sandler's New York office from Kirkland & Ellis, where he has been a partner since 2000.
His arrival follows a year in which Lowenstein Sandler experienced growth in its M&A and corporate securities practices, representing financial sponsors, funds and public and private companies.
"The addition of Michael Brosse advances our firm's strategy of continuously broadening and deepening the services that we provide to our rapidly
JTC Group, a multi-jurisdictional, independent provider of private client, corporate and fund services, has made two senior appointments in Jersey within its technology and marketing operations.
Adam Jeffries (pictured), who was previously global head of IT operations at Appleby, has joined as chief information officer and David Vieira, who was head of marketing at Jersey Finance, has been appointed group head of business development and marketing.
Jeffries, who has 16 years’ experience in the technology sector within the financial services industry, has been recruited to develop an IT strategy at the JTC Group. He will also head up
Mid-market advisory firm Clearwater Corporate Finance has advised on four deals in the first three weeks of the New Year.
This builds on a landmark 2013 for Clearwater, which saw the company complete 27 transactions with a total value of GBP750m – more than a 50 per cent increase on 2012.
The deals closed in 2014 comprise:
· The cross-border sale of UK kitchenware supplier Kitchen Craft (formerly known as Thomas Plant) to New York-listed supplier Lifetime Brands;
· The sale on behalf of ISIS Equity Partners of workplace vending supplier Kafevend, to European water and coffee provider
General Catalyst Partners has appointed Donald Fischer as its newest venture partner.
In this role, Fischer will identify and lead investments in early stage enterprise companies.
Fischer joins General Catalyst after five years at Greylock Partners where he most recently focused on leading investments in big data, open source, cloud, and other enterprise technology markets.
“Donald has a great mix of operational experience and a proven track record of leading investments in winning companies,” says Larry Bohn, managing director at General Catalyst. “Donald’s a natural addition to our enterprise-focused investment team and he exemplifies our philosophy of entrepreneurs
Venture capital investor Albion Ventures has invested GBP3.1m in partnership with Perth-based developer Green Highland Renewables (GHR) to fund the development of a single 1MW hydropower scheme on the Allt Gharagain, near Achansheen in the Scottish Highlands.
The scheme will benefit from the feed-in-tariff regime and it is expected to generate its first electricity in Q4 2014.
The installation is forecast to generate an average 3.1GWh of electricity per year, enough to power up to 850 households.
This investment is Albion’s tenth investment into renewable energy and the third investment into a hydroelectric scheme.
Christoph Ruedig, investment
One third (33 per cent) of global businesses are planning a sale in the next two years, according to a report from EY.
The annual 2014 Global Corporate Divestment Survey, which surveyed more than 700 corporate executives globally, also reveals that 80 per cent of global executives are open to offers for prized assets and a 30 per cent premium would bring a majority of execs to the deal table.
In terms of options, 55 per cent of global executives would consider a full sale of their business compared to 34 per cent who would opt for a carve
KKR Asset Management, a sub-investment grade manager wholly-owned by KKR, has agreed to provide approximately EUR100m in capital, through a combination of debt and equity, to Gruppo Argenta.
The funds will partially repay current lenders as well provide liquidity for growth. The incumbent shareholders will invest EUR10m alongside KKR.
Argenta is one of the leaders in the vending sector in Italy with 18 operational centres across the national territory, 1,200 employees and 900 vehicles. Argenta vending machines are located in 88,000 sites, including companies, offices, public institutions, universities and outdoor locations such as petrol stations, airports, shopping centres throughout
iNovia Capital, an early stage venture capital fund focused on digital media, SaaS, e-commerce and connected devices, has named principals Kevin Swan and Karamdeep Nijjar as partners at the firm.
Swan’s technical and operational background gives him strong expertise in the areas of SaaS, digital media and connected devices.
Swan has been involved with iNovia since 2010 when he was engaged as a venture partner and was instrumental in developing Fund III. He served as a director or observer on the boards of Mitre Media, Allocadia, Basis, Parent Media, Drivewyze and Growlabs.
"Kevin has a deep understanding of the
The Abraaj Group is to acquire in partnership with the European Bank for Reconstruction and Development (EBRD) and the Yörük family, a majority stake in Turkish dairy business Yörsan Group.
Yörsan has been manufacturing branded dairy products in Turkey for over 50 years.
Yörsan has a strong portfolio of products covering all the main dairy categories of yoghurt, cheese, milk and the traditional Turkish drink, ayran.
The dairy sector in Turkey is estimated to be currently TRY6.5bn in size and has grown even during economically challenging years such as 2009.
Working alongside a new leadership team, Abraaj
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