Venrock is leading an $18.2 million PIPE into drug company Chelsea Therapeutics International Ltd. (Nasdaq: CHTP). The deal includes 6.7 million shares of common stock being purchased at $2.72 per share, along with warrants to purchase another 2.3 million common shares. Leerink Swann and Needham & Co. served as placement agents.
Lantiq, a Germany-based provider of access and home networking technologies, has raised an undisclosed amount of new funding from T-Venture, the venture capital arm of Deutsche Telekom. Lantiq is a portfolio company of Golden Gate Capital.
HONG KONG (Reuters) – Barclays Plc (BARC.L) has hired former Goldman Sachs (GS.N) banker Johan Leven as co-head of corporate finance in Asia-Pacific, as the British bank continues its push as a full-fledged investment bank. Barclays Capital, or BarCap, as the Barclays investment banking division is better known, said in a statement on Monday that […]
(Reuters) – U.S. private equity firm TPG Capital has emerged as a front runner to buy Dow Chemical’s (DOW.N) Styron plastics business, Wall Street Journal said, citing several people familiar with the matter. TPG’s rival Apollo Management, which was one of the contenders for the Dow unit, is fading from contention, the paper said. Dow, the […]
LONDON (Reuters) – UK education technology group Promethean World and its owners are aiming to raise up to 224 million pounds ($341 million) by selling shares in its initial public offering, people familiar with the matter said on Monday. The company, which supplies interactive white boards and associated software, on Monday started bookbuilding for the […]
(Reuters) – A creditor group led by U.S. private equity firm Apollo Management [APOLO.UL] is expected to to reject India’s Reliance Industries Ltd’s (RELI.BO) bid for bankrupt chemicals maker LyondellBasell, the New York Post said, citing people familiar with the situation. The move would pave the way for Apollo to merge LyondellBasell with its Hexion […]
Bill Arnold has been named chief financial officer of Neuberger Berman. He previously was with Citigroup, where he served as CFO of the firm's global asset management and alternative investment businesses.
Frank Panaccio has joined healthcare advisory firm KBT as a partner. He previously was a vice president with Fidelity Ventures.
NEW YORK (Reuters) – Blackstone Group’s (BX.N) chief executive Stephen Schwarzman was paid a salary of $350,000 for 2009, but did not take a bonus for the year, according to a regulatory filing. His total compensation for the year actually shows up as a negative number of $409,217, which takes into account “compensation expense due […]
Sensata Technologies Inc., an Attleboro, Mass.-based sensors and controls company, has set its IPO terms to 31.6 million common shares being offered at between $18 and $20 per share. It would have an initial market cap of approximately $3.42 billion, were it to price at the top of its offering range. Sensata plans to trade […]