With financing from August Capital, Cannan Partners, Foundation Capital and Silicon Valley Bank, Ebates has acquired reward site FatWallet.com and the coupon shopping site AnyCoupons.com. The online cash-back shopping company has combined the companies to form Performance Marketing Brands Inc. Ebates.com, FatWallet.com and AnyCoupons.com will continue to operate distinct websites, but will provide retailers the ability to advertise through a single company, the company said in a written statement. Financial terms of the acquisition were not released.
The Riverside Co. has acquired Chicago-based marketing company Centiv Services. Terms of the deal were not released. Formed in 2001, Centiv provides a marketing automation platform designed to help businesses develop customized, local marketing campaigns that can be designed, produced and fulfilled with short turnaround times.
Chinese group-buying website Lashou.com is planning an initial public offering in the United States, Bloomberg reports, but has yet to set a timeline. The company has raised $110 million from investors including GSR Ventures, and has a valuation of roughly $1.1 billion, Reuters reports. The company is looking for advisers to replace Morgan Stanley and Goldman Sachs, which are underwriting the IPO of rival Groupon Inc, Bloomberg wrote.
You know you’ve entered the world of private equity when spreads on fund performance widen to fantastic levels. A fund that returns 10 cents on the dollar? Sure, some firms have managed it. Multiply your money by more than 8 times? Yep, private equity funds can do that too. And everything in between. Over a […]
Diesel engine maker Cummins Inc. said it agreed to sell a part of its light duty filtration operations to Industrial Opportunity Partners, Reuters reported Friday. Terms of the deal were not released. The sale is part of Cummins’ plans to streamline its business segments.
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Lending Club, the online platform for investing in and acquiring personal loans, announced that Peter Thomson has become a cornerstone investor in the Conservative Consumer Credit Fund. In addition, Thomvest, Thomson’s venture fund, has taken an equity interest in Lending Club alongside Union Square Ventures. Peter Thomson also serves as director of Thomson Reuters, the publisher of this website.
Bella Pictures, a wedding photography and videography service, lost its backers more than $58 million, according to sources and federal filings. Revelations of the company’s fire sale are a black eye for Foundation Capital, its primary backer, which is pre-marketing a seventh fund in hopes of raising $750 million. Before it was sold earlier this […]
SAP AG will acquire Right Hemisphere, the provider of enterprise solutions that is based in California and New Zealand. Specifics of the transaction were not publicized. The startup’s backers include Sutter Hill Ventures, Sequoia and NVidia.
Fingerprint Digital, the network for children’s games, learning tools and entertainment on mobile devices, has secured $1.4 million from K2MediaLabs, THQ, Reed Elsevier Ventures and Suffolk Holdings. Fingerprint Digital is based in San Francisco.