Facebook Inc. is taking the next step on its IPO journey and has summoned research analysts from Wall Street banks to its Menlo Park headquarters early next week for a pre-roadshow briefing to discuss the finer points of its business and books, Reuters wrote Friday. The world’s largest social network, which is racing toward what […]
Millennial Media, a mobile advertising software provider, said it expects its initial public offering of 10.2 million shares to be priced between $9 and $11 apiece, Reuters wrote Thursday. In January, the company had filed with the U.S. Securities and Exchange Commission to raise up to $75 million in the IPO. It now plans to […]
Michael Rice is joining RCP Advisors as an investor relations associate. RCP Advisors is a PE fund of funds sponsor focusing on North American lower middle market LBOs. PRESS RELEASE: Chicago, IL – March 15, 2012 – RCP Advisors, LLC, a leading private equity funds-of-funds sponsor focused on North American lower middle market buyouts, is […]
In 2008, Hellman & Friedman invested up to $941.3 mln equity in Getty Images. The company is paying a $380 mln dividend to its owners, which means Hellman has apparently made back nearly all of its investment.
Broadvox, a 12-year-old, privately held, Dallas-based company that provides its customers with integrated managed VoIP and data services, has hired Bruce Chatterley as its president and CEO. Prior to Broadbox, Chatterley was president and CEO of hosted communications provider Speakeasy. PRESS RELEASE: Today Broadvox, a leading VoIP, SIP Trunking and hosted Unified Communications provider, announced […]
Stifel Financial Corp., based in St. Louis, Missouri, has hired Paul Harvey as a managing director in the firm’s London office. There, he’ll head up the firm’s European technology practice. Harvey joins the firm from Atlantic Bridge, a European, tech-focused middle-market fund that he cofounded in 2005. He has also held senior investment banking positions […]
Avaya, a Basking Ridge, N.J.-based business communications company with telepresence techologies, is acquiring Radvision, a Tel Aviv-based company that produces HD and converged video conferencing technologies. Radvision shareholders will receive $11.85 per share, valuing the transaction at approximately $230 million. PRESS RELEASE: Avaya Inc. today announced it has signed an agreement to acquire RADVISION Ltd. RVSN […]
Mitchell, a San Diego-based insurance claims management company, has acquired National Health Quest (NHQ), an out-of-network payment services provider, and will manage it as a separate dvision from NHQ’s Redondo Beach, Calif., headquarters. Terms of the deal were not disclosed. PRESS RELEASE: Mitchell, a leading provider of technology, connectivity and information solutions to the Property […]
The Riverside Co. has acquired DentalPlans.com, a provider of dental savings plans based in Plantation, Fla. Terms of the deal were not released. PRESS RELEASE Today, DentalPlans.com announced that it was acquired by The Riverside Company, a global private equity firm focused on acquiring growing businesses valued at up to $200 million. With 20 […]
It's time to stop beating up on dividend recaps. You can't like leveraged buyouts and disparage dividend recaps. They're two peas in a financial pod.