Wellspring Capital Management has acquired Caring Brands International from Levine Leichtman Capital Partners, according to this news release and this news release.
Caring Brands, based in Sunrise, Fla., is a global franchisor of home healthcare services. The company operates under three brands, with Interim HealthCare as its U.S. brand. Founded in 1966, Caring Brands…
LLR Partners has announced it has completed a growth investment in Genesee Scientific Corp.
Genesee Scientific, based in San Diego, is a manufacturer and distributor of products to life science markets. Founded in 1995, the company provides consumables and equipment to the academic and biotech markets.
LLR Partners, based in Philadelphia, invests in…
Global expansion without adequate controls is asking for trouble. That’s the lesson of a $19 million settlement between WPP, the world’s largest advertising agency, and the U.S. Securities and Exchange Commission (SEC) to resolve alleged violations of the Foreign Corrupt Practices Act (FCPA).
According to an SEC order memorializing the settlement, WPP’s trouble began when…
Lowry, et al. v. Edelman, et al. was filed in the U.S. District Court for the Southern District of New York on September 21, 2021, claiming securities fraud and various state-law causes of action based on a fraudulent scheme to induce investments in cryptocurrency and then embezzle those investments.
Funds led by Carlyle have acquired a majority stake in Saama Technologies, according to a news release.
The investment is valued at up to $430 million.
Saama, based in Campbell, Calif., is an AI clinical analytics platform company. Founded in 1997, the company states that biotech companies use Saama’s Life Science Analytics Cloud platform…
Linden Capital Partners has announced it has acquired BioIVT from Arsenal Capital Partners.
BioIVT, based in, Westbury, N.Y., is a provider of biological specimens for the pharmaceutical discovery and development market. Formerly BioreclamationIVT, the company specializes in control and disease state samples, including human and animal tissues, cell products, blood and other biofluids.
Linden,…
Securities and Exchange Commission v. Woods, Livingston Group Asset Management Company d/b/a Southport Capital, and Horizon Private Equity, III, LLC was filed in the United States District Court for the Northern District of Georgia on August 20, 2021. The SEC alleges that Defendants defrauded investors, many of whom were elderly, with illusory promises of guaranteed returns for their investment in the Defendants’ affiliated fund.
On October 6, 2021, the U.S. Department of Justice (DOJ) announced its plans for increased scrutiny of the cryptocurrency market with the creation of a National Cryptocurrency Enforcement Team (NCET) to pursue criminal investigations and actions against cryptocurrency misuse. The NCET will focus on “crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors” and will also aid in the tracing and recovery of assets lost to ransomware payments and other fraud and extortion.
Revelstoke Capital Partners has announced it has exited its investment in Carrus.
Carrus, based in Lehi, Utah, provides healthcare learning content, continuing education and certification management. Founded in 1992, the company states it has provided education to more than 100,000 healthcare professionals.
Revelstoke Capital Partners, based in Denver, focuses on investing in the…
On October 6, 2021, the Department of Justice (DOJ) announced a new Civil Fraud Cyber Initiative to “combine the department’s expertise in civil fraud enforcement, government procurement and cybersecurity to combat new and emerging cyber threats to the security of sensitive information and critical systems.”
