Vanguard Minerals, a strategic consulting company, has launched a venture capital and incubation division, GreenZone Ventures. The new division will have a primary goal of identifying, investing in, partnering with and supporting companies in the green energy industry. Specifically, GreenZone will target bio-fuels, green energy, and emerging technology companies in the start up through third round phases of business, allowing them to develop and ultimately craft an exit strategy. The new division will be headed by Woody Junot and expects to deploy capital and all consulting services by the start of the third quarter of 2010. Jim Price, chief executive

Cronus Partners has acted as the exclusive financial adviser to CAM Commerce Solutions, a portfolio company of Great Hill Partners, in the sale of its point-of-sale software division to Robertson Piper Software Group. The former payments processing division of CAM Commerce, now operating under the name Accelerated Payment Technologies, remains a privately held portfolio company of Great Hill Partners and will continue to offer payment processing solutions, including the X-Charge solution, to retailers, healthcare providers and others requiring secure payment processing. The divested point-of-sale business, which will retain the CAM Commerce brand and operate under the name CAM Commerce Solutions,

Polaris Private Equity III has held its final close at EUR365m.   The number of investors has more than doubled, with international investors now accounting for nearly 40 per cent of the fund. The investment focus remains on small and medium sized businesses based in Denmark and Sweden.    Commitments to the fund were provided by the existing Danish investor base, combined with a significant number of new investors from Denmark, Finland, France, the UK, the Netherlands and Switzerland.   “A closing of EUR365m during one of the worst financial crises of all time indicates strong confidence in our business model

Private equity firm Riverside has acquired Australian Medico Legal Services, an independent medical evaluation provider, via the Riverside Asia Fund I. MLCOA is based in Melbourne, Australia and provides independent medical assessments and related medical advisory services for insurance organisations, corporations, and government and legal entities. Core services involve medical assessments of claimants with symptoms (resulting from particular incidents or diseases) that result in contentious healthcare decisions. MLCOA’s independent assessments serve to determine the most suitable responses to such issues.   This is Riverside’s second Australian acquisition and third investment in the Asia Pacific region in the last month. It

Genstar Capital, a middle market private equity firm that focuses on investments in the life science, healthcare services, software, financial services and industrial technology industries, has acquired Granite Global Solutions, a Canadian provider of risk mitigation services to insurance and corporate clients. Headquartered in the greater Toronto area, Granite Global operates five business lines: McLarens Canada, a niche claims adjuster; Sibley & Associates, Canada’s largest disability management company; King Reed & Associates, Canada’s largest private investigation company; Henderson Structured Settlements, one of only two national structured settlement companies; and Rochon Engineering, a forensic engineering business. "Granite has a full suite

Savvis, a provider of cloud infrastructure and hosted IT solutions for enterprises, has entered into a definitive agreement to acquire Fusepoint, a portfolio company of M/C Venture Partners.  Fusepoint is an independent provider of managed IT and co-location services to enterprises in Canada. Under the agreement, Savvis will acquire Fusepoint for USD124.5m in cash, subject to a working capital adjustment. For the first quarter of 2010, Fusepoint’s annualised revenue was USD47.4m. Adjusted Ebitda for the first quarter was USD3.0m, or USD12.0m on an annualised basis. Fusepoint operates three data centres in Toronto, Vancouver and Montreal. The company has more than