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K1 Investment Management Sells San Diego's FMG Suite

socalTECH

Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced.

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HCAP Partners Backs TCS Healthcare Technologies In Acquisition Deal

socalTECH

San Diego-based private equity investor HCAP Partners announced today that it has provided a follow-on investment in TCS Healthcare Technologies, a provider of managed care softare, as part of an acquisition effort by TCS. Financial details of the acquisition and investment were not announced by HCAP Partners.

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Lasergen, With Office In San Diego, Acquired By Agilent For $105M

socalTECH

Lasergen , a startup developing technology for the DNA sequencing market--and which has an office in San Diego--has been acquired by Agilent Technologies for $105M, the two said late Tuesday. Agilent already owned a 48 percent ownership stake in Lasergen, as part of an investment it made in March of 2016. READ MORE>>.

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Uber Rejiggers App to Highlight Its Bikes, Scooters in San Diego

Xconomy

San Diego is one of two metropolitan areas in which ride-hailing giant Uber has reformatted its mobile app to make it simpler for users to rent an electric bicycle or scooter. Uber also facilitated e-scooter rentals from Lime, a mobility company in which Uber has invested and, at times, been rumored to be considering for acquisition.)

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Report: San Diego News Network Seeks Buyer

socalTECH

A report last night from the San Diego Union Tribune says that San Diego News Network (SDNN), the local news effort run by entrepreneurs Neil Senturia and Barbara Bry, is looking for a buyer. According to the San Diego Union Tribune, SDNN has let go of some of its staff, but is still updating the site.

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Quality Built Lands Investment Round From LA's Gallant Capital Partners

socalTECH

San Diego-based Quality Built , a provider of third-party, quality-assurance services to the residential and commercial construction industry, has received a private equity investment from Los Angeles-based Gallant Capital Partners. Size of the investment was not announced. READ MORE>>.

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Global Eagle Entertainment Investment Deal Collapses

socalTECH

Los Angeles-based Global Eagle Entertainment , a developer of in-flight entertainment products and provider of broadband Internet services, has called off a $416M majority investment deal from Chinese company HNA Group , after the U.S. refused to approve the transaction.