Jonathan Marino
Investcorp, the multinational private equity firm, sought to sell Accuity Inc. separately from parent company SourceMedia, but did not sell the asset, according to sources familiar with the auction process. Accuity sells payment solutions services, risk management optimization tools and marketing products to its customers. SourceMedia is a financial services reporting company, with little synergies to Accuity. […]
At Long Last!: Sanofi-Genzyme could finally be happening Growing: PepsiCo buys most of Russian dairy & juice company Wimm-Bill-Dann, plans full acquisition Dealing: Nelson Peltz might be orchestrating another deal for Wendy’s/Arby’s, instead of just splitting them up What’s in a Name?: Groupon is reportedly trying to buy Hipster
It’s good when the gang gets back together. This was the case a few days back, when, on Jan. 31, Neuralitic Systems, the mobile data behavior solutions firm, re-upped with its Series A investors, BDC Venture Capital, Vertex Venture Capital and GO Capital Fund. The Blackberry Partners Fund also tagged in, as did Export Development Canada, providing Neuralitic with $8 million, its largest round to date, nearly doubling its overall funding to more than $20 million, according to its Web site’s tally...
Museum Browsing: Google’s art reader aims to bring the Louvre to you It’s in the Game: Electronic Arts reveals a $600M buyback plan, has big hopes for its online gaming… but you already knew that Groundhog Day: Make Phil come back out every day until that lousy rodent sees a shadow! Take the Hint, Zuck: The NYSE Euronext is hosting Social Media Week beginning Mon., Feb. 7
What with their headquarters in Boca Raton, Fla., executives at Sun Capital Partners must be dodging products from The SCOOTER Store every time they set foot outside the office. Now, they’re preparing to get even more intimate with the senior mobility products company, according to multiple sources. Sun Capital Partners, the middle market PE shop, […]
Dealing: Valeant Pharma drops $480M to acquire PharmaSwiss Grandpa, is that You?: Facebook’s fastest growing age group isn’t who you’d think your standard social networker is Tucking In: Taleo spends $11M to buy Cytiva Software Greedy When Others are Scared: The Egypt ETF is seeing some investors go long
Venture capitalists are getting an improved sense of confidence when it comes to making exits, but that is a leading indicator for fundraising—that is to say, the VC industry is taking baby-steps toward a good mood. In the fourth quarter of 2010, according to the Silicon Valley Venture Capitalist Confidence Index, assembled by University of […]
Bionx Holdings, the New York-based private investment and venture capital firm, will raise up to $50 million for its inaugural fund, one of its founders told peHUB.com. Eaton McGhie, formerly a Ladenburg Thalmann vet who now works in New York, said Bionx is yet to find a placement agent. The firm is spending the next six to eight months lining up LPs and anticipates a first close at some point within that timeframe, he said. Bionx will make tech and life sciences deals, but will also pursue a broader mandate to include deals in other sectors as well, he said. McGhie is working with co-founder and partner Prakash Ragit, who is based in India and will concentrate on investments there and in New Zealand, McGhie said. For its private equity-focused business, McGhie said, the firm will make deals ranging in size from $5 million to $10 million, as well as Series A and Series B investments on smaller targets.
Game developers should thank Facebook for only taking 30% of their revenue when the social network’s credits system of paying for virtual goods becomes its sole currency this July. Facebook commands an iron fist over its itsy-bitsy “partners” the way the mob used to muscle corner store merchants a century ago. Game developers are still […]
Places Deals: Facebook launches Groupon lookalike across Europe Dealing: Alexion Pharmaceuticals buys Taligen Therapeutics Selling: Massey Energy sold to Alpha Natural Resources in $7.1B deal Triple-Deal: KIT digital buys KickApps, Kewego and Kyte (all separate companies, coincidentally beginning with a K) in $77M deal