Luisa Beltran
Here is one piece of news that I missed.
Paul DiNardo has joined GCA Savvian as an MD focusing on software and infrastructure. He is based in San Francisco.
DiNardo was recently vice chairman and head of technology investment banking at Montgomery & Co. Before that, he was at Credit Suisse where he led their global software effort. From 2002 to 2004, DiNardo was also head of corporate development at VERITAS Software and spent 13 years at Goldman Sachs (during his last years at Goldman he apparently co-led the software practice), according to the GCA web site.
It's not clear why DiNardo left Montgomery but the move to GCA Savvian happened in April, I'm told.
GCA is a boutique investment bank known for its West Coast tech practice. The IB recently advised TouchTunes in its sale of a minority stake to 3i. In April, GCA also advised Dealmap in its sale to Google.
TouchTunes Interactive Networks, a digital jukebox maker, has completed a $45 million Series E funding round that gives the company a pre-money valuation of $300 million, TouchTunes CEO Charles Goldstruck told peHUB. 3i, the UK-based PE firm, is investing $40 million in the company, while VantagePoint Capital Partners, which owns a majority of TouchTunes, is […]
Daniel McCarthy has joined DeSilva+Phillips as a partner. He was Chairman & CEO of Gallarus Media Holdings. DeSilva+Phillips, a media focused investment bank, also said that John Kaiser will now oversee the advertising and digital agency sectors, while Jessica Luterman Naeve will oversee social media and video. Kaiser and Naeve will co-head marketing services, the IB said.
Lakshmi Capital has invested $500,000 in gDine, which launched in Chicago earlier this year. gDine offers discounts of up to 50% at Chicago restaurants to users who don't have to bring in a coupon or a voucher, according to a statement. gDine will use the $500,000 in angel funds to expand in New York City and other markets. Lakshmi Capital, a Chicago PE firm, invests in early-stage healthcare, manufacturing, real estate and technology companies.
Nariman Yousefi has joined ClariPhy Communications as CEO and president. ClariPhy also announced Wednesday that an existing strategic partner has invested $4.5 million bringing the total size of a previously announced round to $18.5 million (ClariPhy in June said it had raised $14 million).
ADESA, a unit of KAR Auction Services, has agreed to buy OPENLANE for $210 million cash. OPENLANE, of Redwood City, Calif., is a b2b automotive remarketing company.
Ellie Mae said Monday that it has acquired Del Mar Datatrac for $17.2 million in cash. The deal also includes $8 million in future cash payments over the next three years. Pleasanton, Calif.-based Ellie Mae provides automated services for the residential mortgage industry. Del Mar provides software, DataTrac, which is used by mortgage lenders to process and fund loans.
Tengion said Monday that Diane Jorkasky, M.D., has joined its board, while Brenda Gavin, D.V.M., is stepping down. Jorkasky recently joined Endo Pharmaceuticals as a SVP, Clinical Development and Chief Medical Officer. Gavin is a managing partner at Quaker BioVentures, which was an early VC investor in Tengion. East Norriton, Pa.-based Tengion is a clincal-stage biotech that develops neo-organs and neo-tissues from a patient's own cells.
Mark Tice was named CEO of SignalDemand, a San Francisco-based provider of margin optimization software. Mike Neal, SignalDemand's former CEO, will continue as president.
Contagion Health, which was funded by YCombinator, is merging with Health Month to form Habit Labs. Contagion Health was founded by Jen McCabe, while Health Month was started by Buster Benson. McCabe will serve as CEO of Seattle-based Habit Labs, while Benson will be CTO, according to a statement.