Peter Bennett has joined Needham & Co. as head of the firm's private placement group. He previously was a partner with PE firm Consumer Growth Partners. He also has headed the private placement practices at Lazard Middle Market, Piper Jaffray and Deutsche Bank. PRESS RELEASE Needham & Company, LLC, a privately held, full-service investment bank, […]
PlayCore Inc., a playground equipment maker owned by BSMB, has acquired Ultra Play Systems Inc. No financial terms were disclosed. PRESS RELEASE PlayCore, Inc., a leading designer, manufacturer, and marketer of a broad range of playground equipment and related play products, and a portfolio company of BSMB, is pleased to announce the acquisition of Ultra […]
hi5 Networks Inc., a San Francisco-based social networking site with strong international presence, has acquired PixVerse Inc., a provider of real-time interactions within social networks. No financial terms were disclosed. Hi5 late last year raised a $20 million Series A round led by Mohr, Davidow Ventures. PRESS RELEASE hi5 Networks, one of the world's […]
Maureen Mitchell has joined Highland Capital Management as a managing director, in charge of institutional sales. She previously was a senior managing director with Bear Stearns Asset Management. PRESS RELEASE Highland Capital Management, L.P. announced today that Maureen Mitchell has joined the firm as a Managing Director, to head institutional sales globally. The addition of […]
WASHINGTON, June 30 (Reuters) – Carlyle Partners IV, a private equity group, has agreed to sell a sodium silicate plant in order to gain approval to buy INEOS Group Ltd's sodium silicate and silicas business, the Federal Trade Commission said on Monday. The commission said it challenged the original deal because it would have meant […]
AstleyClarke.com, a UK-based online retailer of luxury jewelry, raised Gbp2.75 million in Series A funding from Index Ventures. PRESS RELEASE AstleyClarke.com, the online luxury jewellery boutique, today announced that it has secured Gbp2.75 million in Series A financing from Index Ventures, the venture capital firm behind e-commerce success stories Betfair and Lovefilm. The […]
Lazard Middle Market has added three new managing directors: Robert Frost, previously with Piper Jaffray; Andrew Samett, previously with Bear Stearns; and Scott J.R. Smith, previously with Wachovia. PRESS RELEASE Lazard Middle Market (LMM), an indirect subsidiary of Lazard Ltd (NYSE: LAZ), announced today it is bolstering its middle market financial advisory efforts in […]
Thomas Stoddard has joined the corporate advisory unit of The Blackstone Group as a senior managing director. He focuses on the financial services sector, and previously was a founding partner of Barrett Ellman Stoddard Capital Partners. Read more
Youku.com, a Chinese video sharing site, has raised $30 million in new VC funding. Maverick Capital led the round, and was joined by return backers Brookside Capital, Sutter Hill Ventures, Farallon Capital and Chengwei Ventures. The company also secured a $10 million equipment loan from Western Technology Investment PRESS RELEASE Youku.com Inc., the leading […]
Openwave Systems Inc. (Nasdaq: OPWV) has sold its mobile phone software business to Purple Labs, a Chambery, France-based provider of embedded Linux solutions for the wireless market. No financial terms were disclosed. Purple Labs last year raised $14.5 million in Series A funding from Sofinnova Partners, Earlybird Venture Capital and Partners Group. PRESS RELEASE […]