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Yahoo Inc. is poised to name PayPal President Scott Thompson as chief executive after firing former CEO Carol Bartz in September, Reuters reported, citing the website AllThingsD. Thompson has been running PayPal, the online payments unit of eBay, since early 2008, and was previously its chief technology officer. Yahoo has been run by interim CEO and former chief financial officer Tim Morse since Bartz's departure, Reuters wrote.

Will Griffith has left venture firm Technology Crossover Ventures, peHub has confirmed. Griffith joined the firm in 2000 and became a general partner in 2003. He worked with portfolio companies including 2Wire, Adknowledge, MoneyExpert, Orbitz, Tiny Prints, Travelport and Whitepages. Before joining TCV, Griffith was an associate at The Beacon Group, a private equity firm that was acquired by JP Morgan Chase in 1999. The news was first reported by Fortune.

Palo Alto, Calif.-based Accellion Inc., a maker of cloud-based file sharing and collaboration software, has raised $12 million in funding from private equity firm Riverwood Capital. The money will be used for expansion. Riverwood joins Baring Private Equity Partners Asia as an investor in Accellion.

Network security company TraceVector has raised $5.3 million in equity financing, according to a regulatory filing. The company, based in Forest Hills, N.Y., lists Khosla Ventures’ Shirish Sathaye and IA Ventures’ Brad Gillespie as board members, according to the filing.

Hamilton Robinson Capital Partners announced Tuesday that it had sold portfolio company Davis-Standard to ONCAP. Terms of the deal were not released. Davis-Standard is a designer and manufacturer of extrusion systems and process equipment for the web converting and plastics processing industries.

Law firm Milbank, Tweed, Hadley & McCloy has elected four new partners: Jacqueline Su-Lynn Chan, Daniel Michalchuk, Atara Miller and Nicholas Smith. The new partners are working in the firm’s Singapore and New York offices.

Middle-market buyout shop Norwest Equity Partners has made a “significant investment” in Actagro, a developer, manufacturer, and marketer of organic liquid and specialty plant nutrients. Terms of the deal, which closed on December 30, were not released. Norwest said that it invested along side a group of Actagro employees. Actagro is based in Biola, Calif.

Growth equity firm Summit Partners has promoted three to managing director and five to principal. Robin Devereux, Han Sikkens and Christian Strain were promoted to managing director. Michael Anderson, Dave Averett, Vincent Lambert, Michael Medici and Peter Rottier were promoted to principal. Summit is based in Boston.

Publicly traded Internap Network Services Corp. will pay $30 million, plus up to $5 million in milestone payments, to acquire Voxel Holdings Inc., a provider of scalable hosting and cloud services for the enterprise. Voxel was backed by Seaport Capital in New York. DH Capital served as financial advisor for Voxel.

KBW Inc., a publicly traded investment bank, has added James Harasimowicz and Joseph Gulash as managing directors in the Depository Investment Banking Group. Harasimowicz joins in New York, and is anticipated to become the head of the firm’s Chicago office, the firm said. Gulash, who is based in San Francisco, joins from D.A. Davidson & Co. where he led merger and acquisition and capital markets transactions.