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Brian Edwards

Brian Edwards

Editor & Publisher

If you want to hit up the crowd for equity capital under Michigan’s new crowdfunding law, you’ll probably have to do it without Tweeting, Facebooking or Linking In details of your deal.

After accelerating to nearly a quarter-billion dollars in 2012 activity, the pace of venture capital funding for Michigan companies has slowed significantly in 2013.

IONIA — Independent Bank Corp. (NASDAQ: IBCP) filed a registration statement with the Securities and Exchange Commission late Friday afternoon to raise up to $98.9 million through the sale of its common stock.

GRAND RAPIDS — Flush with a half-billion dollars of new capital, one of Detroit’s most established private equity firms has begun looking aggressively for its first-ever deals in West Michigan, according to one of the firm’s partners.

St. Cecilia Music Center executive director Cathy Holbrook inked a three-year partnership with the New York City-based Chamber Music Society of Lincoln Center. Under the agreement, award-winning chamber musicians will serve as artistic directors for a new music series.

Sunday, 18 November 2012 00:00

Private equity in need of a makeover

The private equity business could use a bit of a makeover, especially in the wake of the PR beating it took during the recent presidential election, says former Republican National Committee chairman and current private equity executive Ken Mehlman. 

As Americans step to the polls on Tuesday, a number of West Michigan business owners have already elected to do something they probably couldn’t have done easily four years ago: sell their companies.

KALAMAZOO – Privately held biotechnology firm Tolera Therapeutics Inc. said it has raised $5.5 million from Hopen Life Science Ventures, Triathlon Medical Ventures Partners and the SWMF Life Science Fund.

KALAMAZOO -- Medical device maker Stryker Corp. said Tuesday that it reached a deal to buy privately held Surpass Medical Ltd. for $100 million in cash, plus up to $35 million in milestone payments.

With the auto business surging and Midwest agriculture ticking up, a national truck leasing firm plans to open seven new franchise locations in the Midwest, including an operation in Grand Rapids.

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