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Medical device company Mainstay Medical has completed an oversubscribed series B financing round for USD20m (EUR15.3m) led by Fountain Healthcare Partners.
Other new investors in the series B round include Medtronic, Capricorn Venture Partners and Seventure Partners. Existing series A investors Sofinnova Partners and Twin City Angels also participated.
This funding will advance the ongoing development of Mainstay Medical’s disruptive new medical device for the treatment of patients with chronic non-specific low back pain. As part of the financing, Mainstay Medical relocated its head office and executive leadership to Dublin, Ireland from Minneapolis, Minnesota US.
The World Health Organization reports
Private equity firm Riverstone has committed to invest up to USD200m in Kerogen Energy.
With offices in Houston, Texas, and Calgary, Alberta, Kerogen is focused on onshore unconventional oil and liquids exploration and production in the US and Canada.
Kerogen is led by chairman Alexander Kulpecz and president and chief executive Murray Grigg, both of whom have technical expertise and management track records specific to the exploration and development of hydrocarbons from shale oil reservoirs.
Since its formation in late 2010, the company has identified and completed the technical evaluations of proprietary liquids-rich shale plays in both the US and
RAMP has completed a series C financing led by New York-based StarVest Partners.
As part of the transaction, Deborah Farrington (pictured), co-founder and general partner at StarVest, will be joining RAMP’s board of directors.
StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along with participation from existing RAMP investors Fairhaven Capital, Accel Partners, General Catalyst Partners, and Comcast Ventures. This round brings the total capital raised to USD40m for the company.
To date, RAMP has built a leadership position in helping media companies create more value from their digital content assets, including digital
Mimecast has secured USD62.15m in series C funding led by private equity firm Insight Venture Partners, with existing investors Dawn Capital also participating.
Mimecast plans to use the funding to accelerate the development and deployment of new technology, and to support plans for rapid expansion in the US market.
Founded in the UK in 2003 by Peter Bauer (chief executive) and Neil Murray (chief technology officer), Mimecast has grown rapidly with over 50 per cent year on year revenue growth recorded in six of the past nine years. Today, the company has over 6,000 customers globally – including 70
Business Growth Fund (BGF) is investing GBP5.4m of growth capital in Swanbridge Hire and Sales (SHS), a provider of high specification industrial scaffolding services based in Barry, South Wales.
This is the fourth investment to be led by BGF’s regional team for the South West of England and South Wales; and SHS is the first business to be backed by BGF in Wales.
The investment was managed for BGF by Paul Oldham, Ned Dorbin and Alex Garfitt. SHS was introduced to BGF by Grant Thornton Corporate Finance in Cardiff.
Founded in 1998 by Paul Smith, SHS erects and dismantles large
Quilvest Group, a wealth manager and private equity investor, has opened two offices in São Paulo, Brazil and Geneva, Switzerland.
The offices are Quilvest’s 12th and 13th worldwide.
Both offices will be fully integrated with Quilvest’s global network and involved in business development. The São Paulo office will focus on direct and co-investments as well as private equity and real estate fund investments, while the Geneva office will focus on wealth management.
The São Paulo office will headed by Daniel Arippol. He joined Quilvest Private Equity in 2011 and focuses on fund selection for QS GEO PEP, Quilvest Private Equity
First Investors Financial Services Group has entered into a definitive merger agreement with FIFS Holdings Corp, a company controlled by Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector.
Under the merger agreement, FIFS Holdings will acquire all of the outstanding shares of First Investors common stock in an all-cash transaction valuing First Investors at GBP100m.
Stockholders of First Investors will receive GBP13.87 for each share of First Investors common stock they hold.
"The acquisition by Aquiline is the result of a thorough and competitive process focused on maximising value for our stockholders," says
Crosslink Capital, a venture capital and growth equity firm, has closed Crossover Fund VI at USD320m, bringing the firm’s capital under management to USD1.8bn.
Crossover VI will mirror the strategy of its predecessor funds by integrating both private growth equity and long/short public equity investments in a single fund.
Crossover Fund VI will be actively invested through 30 April 2018. Six per cent of the total funding has been committed by Crosslink’s general partners and employees.
“The Crossover strategy is one that’s unique to Crosslink,” says Michael Stark (pictured), founder and general partner of Crosslink Capital. “The private-public hybrid structure
Institutional investors are looking to alternative investments to improve performance and lower risk over the long term, according to a survey by Natixis Global Asset Management.
Seven in 10 (69 per cent) of institutional investors believe it is essential to invest in alternative investments – such as hedge funds, private equity or venture capital – to diversify portfolio risk. A similar percentage (63 per cent) believes it is essential to invest in alternative assets to outperform the broad market. US investors (with 73 per cent in agreement) are most likely to say alternatives are necessary to beat market returns.
Among
Onex is to acquire KraussMaffei, a manufacturer of plastic and rubber processing equipment, for EUR568m.
The transaction is anticipated to close by 31 March, 2013 subject to customary conditions and regulatory approvals.
Based in Munich, Germany, KraussMaffei designs and manufactures machinery and systems for the processing of plastics and rubber. The company manufactures machinery for the injection moulding, extrusion and reaction process segments. KraussMaffei has approximately 4,000 employees and operates key manufacturing facilities in Germany, Switzerland, Slovakia and China. For the 12 months ended 30 June 2012, the company generated approximately EUR1.0bn in revenues.
“KraussMaffei is a global
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