Cardon Healthcare Merges with Outreach Services
Cardon Healthcare Network, which is backed by Serent Capital, has combined with Outreach Services. Financial terms were not announced. The new company, headquartered in Woodlands, Texas, will be called Cardon Outreach. The company will provide revenue cycle management services to hospitals. PRESS RELEASE Serent Capital, a private equity firm focused on investing in profitable, high-growth...
Synchroneuron Closes Series A with $6 Mln from Morningside Technology Ventures
Morningside Technology Ventures has invested $6 million in Synchroneuron, which said Monday that it has closed its Series A financing. Synchroneuron develops new therapies for tardive dyskinesia (TD) and other related movement disorders. PRESS RELEASE Synchroneuron Inc., a privately-held biopharmaceutical company, today announced the completion of its Series A financing with a $6 million investment...
Nichols To Join Axis Capital as CEO
John “Jay” Nichols has joined AXIS Capital Holdings Ltd. as CEO effective April 2. He will report to the CEO and president of Axix Capital and will also assume responsiblity for the leadership and management of all reinsurance business units. Nichols is the former president of RenaissanceRe Ventures. PRESS RELEASE AXIS Capital Holdings Limited (“AXIS...
Rauner Rocks the House in Philly
Bruce Rauner turned lunch into a pep rally for the buyouts business Friday at the Wharton Private Equity & Venture Capital Conference. He was passionate, he was funny, he was profane. He was a hoot.
Marker Hill Leads $6.5 Mln Round for Concordia Coffee
Concordia Coffee Systems has raised $6.5 million in new financing led by Marker Hill Capital. Prior investors Fluke Capital Partners, Swiftsure Capital as well as several Seattle angel investors, also participated. Concordia makes self-serve commercial espresso systems.
ALung Tech Completes $10 Mln Series B Round
ALung Technologies has closed a $10 million series B financing round. Participants included existing shareholders, co-investors of Eagle Ventures, and Birchmere Ventures. ALung develops advanced respiratory products.
The Sexy and Non-Sexy of Vator Splash: PHOTOS
During a night when sprightly Box CEO Aaron Levie energized the crowd at Vator Splash with his take on what makes enterprise technology sexy, a non-sexy startup won the event’s pitch competition. Helsinki, Finland-based Flowdock was judged by a panel of VCs to be the best of 10 startups that competed Thursday night at the...
Tonka Bay Equity Adds Jory Kutchmarek
Tonka Bay Equity Partners named Kory Kutchmarek as an investment associate. Previously, Kutchmarek was a manager in the Minneapolis office of the accounting firm Ernst & Young. Minnetonka, Minn.-based Tonka Bay Equity Partners focuses on lower middle market businesses in the manufacturing, business services and distribution sectors. PRESS RELEASE Tonka Bay Equity Partners LLC (“Tonka...
NXT Capital Provides Financing for Audax Deal
NXT Capital announced Monday that it has provided a senior credit facility to fund Audax Group‘s acquisition of Advanced Dermatology & Cosmetic Surgery. NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for the deal. Terms were not released. Audax is a middle-market private equity shop. PRESS RELEASE NXT Capital today announced...
Lazarus Capital Buys 3 Companies
Lazarus Capital Partners has invested in three companies -- Sauls Seismic, Nomis Seismographs and South Technical Services--using PE-Nexus. The Birmingham, Ala.-based PE firm took majority stakes in the companies, a spokeswoman says. Financial terms of the transactions were not announced. PE-Nexus is a private market network for middle market M&A execs. The three deals took...
Pantheon Names Jaime Londoño Principal
Jaime Londoño has joined Pantheon as principal and head of Latin American investments. He joins from Wilshire, where he was a vice president working on primary, secondary and co-investments in the US and Latin America. Pantheon is a private equity fund investor with $24 billion under management. PRESS RELEASE Pantheon, a leading global private equity...
