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TeleSign Acquisition By BICS Closes, Deal Value Rises To $335M

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Marina del Rey-based phone verification and user authentication service TeleSign is now officially part of BICS , after the official close of the acquisition, BICS said today. TeleSign was venture backed by Adams Street Partners, March Capital Partners, Summit Partners, and Telstra Corp. The deal was originally announced in April.

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SmartLabs Acquired By Richmond Capital Partners, Raises $7.3M

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Irvine-based SmartLabs , the parent company of smart home controller brand Insteon and home automation e-commerce site Smarthome , has been acquired by private investment firm Richmond Capital Partners. Financial terms of the acquisition were not announced, however, Richmond Capital Partners said it is investing $7.3M

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Vereco Acquired By Stella Point Capital

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Laguna Niguel-based Vereco , a hospital and healthcare document management provider and outsourcer, has been acquired by private equity investor Stella Point Capital. The acquisition was financed by a senior credit facility from Monroe Capital LLC. Financial details of the deal were not annoucned.

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Capital Exchange Acquired By Revolution Capital Group

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Valencia-based Capital Exchange , an online community site focused on the financial community, has been acquired by Los Angeles private equity firm Revolution Capital Group , Revolution Capital said today. Financial terms of the acquisition were not disclosed. READ MORE>>.

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Leaf Group Seeks To Raise $22M For Acquisition, Other Efforts

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Santa Monica-based Leaf Group , the publicly traded consumer Internet company best known for running such sites as Saatchi Art, Society6, EHow, and Livestrong, said it is looking to offer and sell approximately $22M in shares of its common stock. Leaf Group says it does not have any specific acquisitions in mind. READ MORE>>.

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NextSpace Expands Beyond California With New Funding, Chicago Acquisition

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The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. READ MORE>>.

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Bebo's Surprise Buyer: LA's Criterion Capital Partners

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Studio City-based private equity firm Criterion Capital Partners is the buyer of AOL's distressed Bebo social networking site, AOL confirmed today, after widespread reports that AOL would be selling the firm. Criterion Capital Partners is headed by Adam Levin. Tags: bebo merger acquisition social networking.

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