Si-Bone, a medical device company that is pioneering the use of a minimally invasive surgical device to treat the sacroiliac joint, has closed USD11.0m in financing for expansion of clinical and commercial operations. The financing round was led by new investor Skyline Ventures of Palo Alto, California. The primary purposes of the financing are to increase investment in worldwide sales and marketing operations; expand the company’s clinical efforts through a retrospective minimally invasive surgical sacroiliac joint treatment study, a prospective multi-centre study, a European prospective study, additional post-market case studies and an animal study validating arthrodesis with the iFuse implant

Energy Capital has held the final close of Energy Capital Partners II, a private equity fund focused on the acquisition, development and construction of North American energy infrastructure assets. The fund will primarily invest in assets in the fossil and renewable power generation, electric transmission and midstream gas sectors. Doug Kimmelman, Energy Capital’s senior partner, says: "We are appreciative of the support and trust of our many limited partners and we look forward to providing attractive investment returns across an energy landscape with accelerating capital demands." Fund II has made several investments to date, including the completed acquisition of three

Guernsey and UK industry experts will be presenting in London during September to showcase the island’s solution for tackling the financial aspects of film making. The seminar is being held in the screening rooms at the Charlotte Street Hotel on 30 September and will feature Stephen Margolis, chief executive of Future Films. It is being hosted by Guernsey Finance, the joint government and industry body responsible for promoting the island’s finance industry internationally, in conjunction with Guernsey Film. Guernsey Film was formed earlier this year by a group of finance industry professionals and the Guernsey government to act as a

Volatility, which has been going back down for a few weeks, in connection with rising share prices and the improved IPO climate expected by market participants all point to an increase in IPOs over the next few months, according to Deutsche Börse. All in all, the environment for IPOs appears to be steadily improving. The uncertainties on the markets for European government bonds triggered not least by crisis seem to have abated. The IPO indicator, which is published each quarter, is a measuring instrument for companies seeking capital that aim to go public and that are looking for the right

Real estate investment and services firm Kennedy Wilson has sold and issued 32,550 shares of its convertible series B preferred stock in an equity private placement to Toronto-based Fairfax Financial Holdings. The proceeds from the offering, totaling USD32,550,000, were used to finance the company’s repurchase of its seven per cent convertible subordinated debt. The series B preferred stock is convertible into approximately three million shares of Kennedy Wilson common stock, the same number of shares into which the recently retired seven per cent convertible subordinated debt was convertible. "We are very pleased about Fairfax’s continued investment in Kennedy Wilson," says

Marwyn Materials, an AIM-listed special purpose acquisition vehicle, has acquired Breedon Holdings (formerly Ennstone), the largest independent UK aggregates producer with 29 quarries, 19 asphalt plants, 27 ready mix concrete plants and 181 million tonnes of mineral reserves. The GBP160m reverse takeover, Marwyn’s biggest transaction to date, will result in the company being renamed Breedon Aggregates. Chairman Peter Tom was formerly chief executive and later chairman of Aggregate Industries. Simon Vivian, chief executive, was formerly chief executive of Mowlem and of Hanson’s European building materials business. The new management believes the acquisition represents an ideal platform for acquisitive growth through

Cardlytics, a transaction marketing company, has raised USD18m of equity led by new investors ITC Holdings and Kinetic Ventures. All previous investors participated in the financing, including Canaan Partners, Polaris Venture Partners, and Total Technology Ventures. Concurrent with the financing, Campbell B. Lanier (pictured) of ITC Holdings and Kinetic Ventures has joined the Cardlytics board of directors. "Our exceptionally strong direct marketing performance coupled with the rapid expansion of our financial institution footprint positioned the company to attract significant capital from strategic new investors," says Scott Grimes, chief executive of Cardlytics. "Mr. Lanier, with his deep experience in growing and

Axiologix Education, an educational software provider, has entered into an investment agreement for a USD5m equity line of credit with Dutchess Opportunity Fund II. "We are pleased to be working with Dutchess Capital at such an exciting time in the company’s history. We believe there is a significant growth opportunity in the educational software market, and we expect that this financing commitment will help accelerate our development and growth," says John Daglis, Axiologix’s chief executive. Douglas Leighton, managing director of Dutchess, says: "We believe in management’s efforts to grow Axiologix and this facility provides inexpensive and flexible access capital. Regardless