PEI Staff
The second Chinese company to list in the United States this year raises $187 million as IPO prices above range
Bill Zanker aims to capitalize on fascination with celebrity culture as bait for the public while attempting to hook in VCs
Subtraction Capital adds a Practice Fusion alum, while Mary Strother drops the VC handle
Decimalization has clearly damaged the market for small-cap IPOs. The VC industry would be "much healthier if we went back to the days when stocks traded in 1/8 or even 1/4 dollar increments for small companies," writes guest blogger Mark Siegel of Menlo Ventures.
Twitter Senior Vice President of Engineering Christopher Fry raked in $10.3 million last year, just behind Twitter CEO Dick Costolo's $11.5 million, Reuters reports. Welcome to Silicon Valley, where a shortage of top engineering talent amid an explosion of venture capital-backed startups is inflating paychecks.
BDC Venture Capital Healthcare Fund recently launched The Healthy VC, a blog intended to stimulate dialogue and debate about the fast-growing healthcare technology sector – and the opportunity it presents to venture capital firms and their entrepreneurial partners.
Wynnchurch Capital has acquired Imperial Group from Accuride Corp. BMO Mezzanine Fund and a management team led by CEO Terry Wogan also invested. Financial terms were not disclosed. Denton, Texas-based Imperial makes precision metal stampings, fabricated components and value-added assemblies for the heavy truck, bus, and industrial end-markets.
Praesidian Capital invested $11.25 million in first lien debt and $500,000 in Meheen Manufacturing to support Evolve Capital's investment in the company. Pasco, Wash.-based Meheen makes carbonated beverage bottling machines for microbreweries, brewpubs, water, tea, cider and other bottlers. Meheen is the second of Evolve's portfolio companies that Praesidian has invested in within the past year.
Crofton Capital has acquired Schylling Associates. The Boston private equity firm partnered with Gladstone Investment Corp. and Frank O'Connell to acquire Schylling. Financial terms weren't announced. Rowley, Mass.-based Schylling designs, makes and distributes specialty toys and gifts.