DC Community Ventures (DCCV), a community development venture capital firm based in Washington, DC, announced today that it has provided $400,000 of mezzanine debt financing to support the growth of Baltimore-based IT outsourcing and consulting provider Catalyst IT Services. PRESS RELEASE: DC Community Ventures (DCCV), a community development venture capital firm based in Washington, DC, […]
(Reuters) – Blackstone Group LP, the world’s largest private equity asset manager whose industry in the United States is in the political crosshairs, is seeking to prevent people from registering negative internet domains by acquiring them first. Blackstone has registered several domain names critical of the buyout firm through MarkMonitor, a company that describes itself […]
If it ain’t broke, don’t fix it. That seems to pretty much be the mantra First Round Capital is using. Once again, First Round, the Pennsylvanian venture capital firm, is locking in a fund around the $125 million range, sources confirm to peHUB. This fund will be First Round’s fourth. peHUB couldn’t get any comment […]
(Reuters) – Telecom startup LightSquared is mounting a last-ditch effort to win U.S. regulatory approval for a new wireless network after being outmaneuvered by the GPS industry, which has spun doomsday scenarios of interference problems that could cause planes to fall out of the sky and threaten national security. Billionaire hedge fund manager Philip Falcone […]
There is some deal news today. WebMD has called off the auction to sell itself. WebMD's special committee has ended discussions "with potential acquirers and its process to review a potential sale of the Company," the healthcare information provider said in a statement Tuesday. In November, WebMD hired Credit Suisse to advise on the sale, according to press reports. WebMD was in talks with four PE firms, including Kohlberg Kravis Roberts & Co LP and Providence Equity Partners, by December, according to my coworkers at Reuters. It's unclear why WebMD called off the talks.
KPS Capital Partners announced Tuesday that it has acquired The Bosch Group’s automotive foundation brakes business: Bosch Foundation Brakes. Terms of the deal were not released. Bosch Foundation Brakes is based in France and makes automotive foundation brakes and foundation brake components.
Grey Mountain Partners has acquired Tampa, Fla.-based Custom Components Company, a materials manufacturer of aluminum, stainless steel and glass architectural engineered products like office doors and rail doors. Terms of the deal were not released. Grey Mountain Partners is a Boulder, Colo.-based private equity firm.
Malaysia-based private equity firm Navis Capital Partners on Tuesday said it has completed the sale of its Dunkin' Donuts and Au Bon Pain business in Thailand to Sub Sri TPC for 1.32 billion baht ($41.56 million), Reuters wrote Tuesday. Navis acquired a controlling stake in the Thai Dunkin' Donuts and Au Bon Pain business in 2006.
Investcorp Technology Partners has acquired a “significant minority stake” in Thought Equity Motion, a Denver-based provider of cloud-based video management and footage licensing services. Investcorp Technology Partners invested a total of $28 million, the company announced, making it the largest single shareholder in the company.
(Reuters) – Brocade Communications System Inc has received first-round bids from a handful of potential buyers as the company explores a sale, sources familiar with the matter said. Shares of the San-Jose, California-based maker of switches and routers for managing data traffic jumped as much as 10.4 percent on Monday after Reuters reported the company […]