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Job of the Week: Head of Indian PE Fund

If you think you have the connections and the desire to make a social impact on the Indian private equity market then this week’s job posting for the head of a private equity fund within the region may be for you.

Blyth Elects Bowdoin College Director to Board

Blyth, a designer and marketer of home and wellness products has elected Jane A. Dietze to its board of directors. Dietze is director of private equity at Bowdoin College‘s investments office. Prior to joining Bowdoin College she was a managing director at Fortress Investment Group, a global alternative investment and asset management firm. PRESS RELEASE...

App47 Completes Second Round Funding

App47, a provider of enterprise mobile application management services, has completed a $750,000 second-round funding. Investors include Valhalla Partners, which previously invested $1 million in first-round funding in January 2011, Clarabridge co-founder and CEO Sid Banerjee, Braun Jones, Thermopylae Sciences & Technology president Abraham J. “AJ” Clark, as well as additional investment from App47 co-founders,...

Smedvig Capital Sells Ocean Outdoor to LDC in Secondary Buyout

UK-based development capital investor Smedvig Capital has sold Ocean Outdoor, an operator of digital out of home advertising sites to mid-market private equity house, LDC. Smedvig invested in Ocean in 2008, taking a majority stake and hired key senior team members including Chairman Tom Goddard, a former CEO of the international division of CBS Outdoor...

Impetus Appoints BVCA International Affairs Manager

UK venture philanthropy business Impetus Trust has appointed Kawika Solidum as deputy communications director. Solidum was previously international affairs manager at the British Private Equity and Venture Capital Association. He has also worked for community charities in the US and the UK. PRESS RELEASE Impetus Trust, the pioneer of venture philanthropy in the UK, today...

DICOM Grid Attracts Funds from Canaan, CHL Medical and Others

DICOM Grid, a cloud software-as-a-service platform for medical imaging application has secured a $5 million financing expansion round led by Canaan Partners, CHL Medical Partners and existing individual investors. The funds will be used to expand distribution of DG Suite, the company’s product line for managing diagnostic imaging and related health data. PRESS RELEASE DICOM...

Piramal Healthcare to Acquire Providence Equity Partners’ DRG

Pharmaceutical manufacturing company Piramal Healthcare is to acquire US-based healthcare information company Decision Resources Group from Providence Equity Partners for around US$635 million. DRG will remain headquartered in Burlington, MA. The company will continue to be led by Mr. Hoenigsberg and the existing senior management team. Barclays is acting as lead financial advisor to Decision...

peHUB First Read

Take a break with this morning's First Read to find out about how investors approach Latin America, HSBC's turnaround plan, Google's new knowledge graph and the appointment of the MIT's 17th president.

LinkedIn Co-founder Joins Earlybird

German venture investor Earlybird Venture Capital has appinted LinkedIn co-founder Konstantin Guericke as a venture partner. He will help grow the firm’s portfolio companies as they expand from Europe into the US market, in addition to identifying and evaluating attractive areas of opportunity for investment. PRESS RELEASE Earlybird Venture Capital today announced that it has...

HgCapital and RidgeWind Seal Wandylaw Deal

HgCapital and its portfolio company RidgeWind have closed the 20.5MW Wandylaw wind project deal in Northumberland, England. The total debt and equity value of European renewable energy projects financed by HgCapital now exceeds 1.5 billion euros ($1.9 billion) and over 700MW, including more than 50 wind, solar and hydro power plants. PRESS RELEASE HgCapital and...

Alliance Health Networks Acquires Voyager’s Medify

Alliance Health Networks, a social networking company serving consumers and the healthcare industry, has acquired Medify, a provider of data-driven treatment information. Since its founding in 2010, Medify has secured funds from Voyager Capital and angel investors. Financial terms of the acquisition were not disclosed. PRESS RELEASE Alliance Health Networks Acquires Medify to Strengthen Social...

Arsenal Capital’s IMDS Gets Refinancing and Appoints to Board

Arsenal Capital-backed Innovative Medical Device Solutions has announced the refinancing of the company’s senior and subordinated debt obligations. The company has also announced the appointment of Ron Lawson as chairman of the board of directors and added Donald Deieso, operating partner in Arsenal Capital Partners’ healthcare group, to the board. PRESS RELEASE IMDS® (Innovative Medical...