Tag: portfolio

At its June 20, 2012, meeting, the AzulStar board of directors unanimously elected Richard N. Brouwer to be its Chief Executive Officer and Chief Operating Officer.

At its June 20, 2012, meeting, the AzulStar board of directors unanimously elected Richard N. Brouwer to be its Chief Executive Officer and Chief Operating Officer.

The $45 million Renaissance Venture Capital Fund I was hailed as a new model for fundraising. CEO and Fund Manager Chris Rizik describes these kinds of connections as “make or break” for some of the start-ups in his fund’s portfolio, allowing them to gain market traction quickly.

Ann Arbor-based Augment Ventures was part of a recent $2 million Series A investment in Santa Clara, Calif-based Mercatus. Mercatus offers Origination and Syndication Management for the energy project finance industry, helping investors make asset-class portfolio decisions.

RTI Biologics Inc. has agreed to buy medical technology firm Pioneer Surgical Technology for $130 million in cash as the maker of biologic implants looks to expand its current implant portfolio into metals and synthetics and to grow direct distribution.

The Michigan Angel Fund (MAF) is a for-profit equity fund managed by Ann Arbor SPARK. The $2 million fund focuses on capital efficient, early stage companies located in Michigan.

Beringea, LLC, has led a recapitalization of White Pigeon, Mich.-based Fiber By-Products Corporation (FBP), a processor, recycler, and manufacturer of wood products.

Plymouth Ventures made follow-on investments in four of its portfolio companies out of Plymouth Venture Partners Fund II in response to significant growth opportunities.