Equity
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Battery Ventures closes 9th fund with $750M
Biz Journals &bull Today
Battery IX provides the flexibility to invest small amounts of capital during the formative stages of a new business, as well as large sums to support later stage venture, growth equity and buyout deals," the firm said. Full Story »
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Mutual fund assets surge despite anxiety
Biz Journals &bull Today
But compared with the year-ago quarter, the trend is good news for the economy of Boston, home to a myriad of money managers and mutual fund powerhouse Fidelity Investments. Continued unemployment and economic anxiety weigh on investors. As a result,… Full Story »
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Topics:
- Equity
- Mutual Fund
Asian Private Equity and Venture Capital Review Magazine
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- Private Equity
- NYSE
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Oaktree to Take Over Almatis
Private Equity Hub &bull Today
Oaktree Capital Partners is preparing to take over Almatis, an alumina company based in Frankfurt, from Dubai International Capital in a debt for equity exchange worth $1 billion, Bloomberg reported. The plan will cut the company's debt to $420 million. Full Story »
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Panel: Private equity making steady comeback
Biz Journals &bull Today
For private equity deals, the outlook for 2010 and beyond is generally positive, although some stumbling blocks remain on the lending side, said panelists during a breakout session at the Association for Corporate Growth's seventh annual Capital Connection convention at… Full Story »
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Psychiatric Solutions may sell to Bain Capital
Biz Journals &bull Yesterday
In a brief statement released this afternoon, PSI confirmed that is has been approached by "third parties" regarding a possible buyout. Goldman, Sachs Co. and Shearman Sterling have signed on as financial and legal advisors, respectively, the company said. The… Full Story »
Venture-Capital-Magazin Magazine
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1010data Secures $35 Million Equity Investment from Norwest Venture Partners (Business Wire)
Yahoo Finance &bull Yesterday
NEW YORK--(BUSINESS WIRE)--1010data, providers of data warehouse and business intelligence products and services, today announced a $35 million minority equity investment from Norwest Venture Partners (NVP), a leading global venture capital firm. The company's namesake service eliminates upfront design and… Full Story »
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Hercules Technology Growth Capital Commits $25 Million to Velocity Technology Solutions (Business Wire)
Yahoo Finance &bull Yesterday
Hercules served as the agent leading a $45 million credit facility to finance Velocity's acquisition of the Lawson/Kronos hosted solution provider Managed Application Services business of NaviSite, Inc. Hercules partnered with TCW Special Situations, provider of the additional $20 million, to conduct due diligence, structure and negotiate this transaction. The acquisition broadens Velocity's existing portfolio of applications management expertise, increases its annual revenue run rate by 60% to reach more than $50 million and makes Velocity the largest provider and clear market leader… Full Story »
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FirstRain collects $7.3M to serve up investment research
Venture Beat &bull Yesterday
FirstRain, a service that scrapes the web to deliver relevant research to investors, has brought in $7.3 million of an anticipated $8.8 million round of equity, according to a filing with the SEC. Based in San Mateo, Calif., the company… Full Story »
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1010data Secures $35 Million Equity Investment from Norwest Venture Partners
VCA Online &bull Mar 10, 2010 
Asian Venture Capital Journal Magazine
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Shareholders approve Denbury, Encore merger
Biz Journals &bull Mar 9, 2010
Shareholders of oil and gas companies Denbury Resources Inc. and Encore Acquisition Co. both approved Denbury's planned acquisition of Encore on Tuesday. The deal is valued at $4.5 billion, including assumption of debt and the value of a minority interest… Full Story »
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ServerEngines lands $2.2M build enterprise chips
Venture Beat &bull Mar 9, 2010
ServerEngines, maker of chips used for various enterprise applications, including data storage, has brought in $2.2 million in a new round of equity, according to a filing with the SEC. Based in Sunnyvale, Calif., the stealthy startup makes products to… Full Story »
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Horizon Bank under pressure to raise capital or sell
Biz Journals &bull Mar 9, 2010
Horizon, the banking subsidiary of Horizon Bancorporation Inc. (OTCBB: HZNB), launched a private placement in November to raise $5 million. The directive, dated March 4 and released publicly Tuesday, said the bank's plan was not acceptable. The directive gave Horizon… Full Story »
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Former GMAC CFO Joins Providence Equity Partners
Private Equity Hub &bull Mar 9, 2010
Robert Hull has agreed to join Providence Equity Partners as chief financial officer. He will succeed Raymond Mathieu, who will become a managing director focused on special projects. Hull most recently was CFO of GMAC, and before that was with… Full Story »
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Topics:
- Equity
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Aditya Birla PE arm to close Fund I at Rs 800 crore soon
India Private Equity &bull Mar 9, 2010Aditya Birla Capital Advisors, the private equity (PE) arm of the Aditya Birla Financial Services Group, will close Fund I, its first fund, this month raising about Rs 800 crore. It had earlier announced its first closure at Rs 675… Full Story »
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Topics:
- Equity
- private equity
Dermot Berkery - Raising Venture Capital for the Serious Entrepreneur
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Scale Computing Raises $9 Million
Private Equity Hub &bull Mar 9, 2010
Scale Computing, an Indianapolis-based provider of end-to-end midmarket clustered storage solutions, has raised $9 million in Series B funding. Benchmark Capital led the round, and was joined by return backers Blue Chip Venture Co., CID Equity and Spring Mill Venture… Full Story »
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Germany's Bigpoint lines up Battlestar Galactica online game
Venture Beat &bull Mar 9, 2010
In a coup for a German online game company, Bigpoint is announcing today that it will make a Battlestar Galactica online game for the SyFy Channel. The deal is part of an ambitious expansion by Bigpoint into the U.S. market. The company has 340 employees making online games in Hamburg, Germany, but… Full Story »
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Topics:
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Scale Computing raises $9M in second round led by Benchmark
Venture Beat &bull Mar 9, 2010
Scale Computing, which sells storage solutions to small and medium businesses, raised $9 million in a second round led by Benchmark Capital. Scale's earlier investors, including Blue Chip Venture Company, CID Equity and Spring Mill Venture Partners also participated in… Full Story »
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General Growth Properties Receives Proposal for $3.925 Billion in New Equity Capital from Fairholme Capital Management and Pershing Square Capital Management (Business Wire)
Yahoo Finance &bull Mar 9, 2010
CHICAGO----General Growth Properties, Inc. today announced that it has received a proposal from Fairholme Capital Management, LLC, one of its largest unsecured creditors, and Pershing Square Capital Management, one of GGP's largest equity holders and a significant unsecured creditor, in… Full Story »
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Topics:
- Bankruptcy
- Equity
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Comerica: Raising equity to pay back TARP
Biz Journals &bull Mar 8, 2010
Banking giant Comerica Inc. said Monday that it planned to sell $800 million in common stock to help pay back funds the company borrowed from the government's Troubled Asset Relief Program. In exchange for its investment during the $700 billion… Full Story »
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Iowa insurer fined for MN annuities sales
Biz Journals &bull Mar 8, 2010
The Minnesota Department of Commerce has fined West Des Moines, Iowa-based American Equity Investment Life Insurance Co. $275,000 for allegedly selling unapproved annuity contracts in the state. Between 2002 and November 2008, American Equity allegedly issued 541 annuity contracts in… Full Story »
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