Updata Advisors has promoted Joel Strauch to partner. He will continue to lead the firm's software practice, where he recently advised SwapDrive on its acquisition by Symantec. PRESS RELEASE Updata Advisors, Inc., a leading investment bank for the information technology industry, announced today that Joel Strauch has been promoted to Partner. Strauch leads Updata's […]
Norvestor Equity AS has promoted Henning Vold to partner. He joined the firm in 2001, and sits on the boards of European Interactive Travel and Elixia Holdings AS. Norvestor has also hired Karl Svozilik as a senior associate, and Yvonne Bakkehaugen as an associate. PRESS RELEASE Henning Vold (44) has been appointed new Partner […]
NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz), the investment bank which last week posted its first quarterly loss as a public company, said it was rehiring two executives who had left in 2007 for unspecified reasons. Lehman said it was hiring Michael Gelband, who resigned last year as […]
LONDON (Reuters) – British bank Barclays (BARC.L: Quote, Profile, Research, Stock Buzz) raised 4.5 billion pounds ($8.8 billion) from investors including Qatar and Japan's Sumitomo Mitsui (8316.T: Quote, Profile, Research, Stock Buzz) and aims to use half the cash to rebuild capital and half to pursue growth. Barclays will offer its existing shareholders the chance […]
GreatCall Inc., a Del Mar, Calif.-based provider of Jitterbug mobile phones and services for baby boomers and seniors, has raised $38 million in Series C funding. Court Square Ventures led the round, and was joined by return backers Capital, Charles River Ventures, Nauta Capital. Also participating was Sumitomo Corp. via the full conversion of previously-issued […]
Marco DeMiroz has left Selby Ventures, where he had been a managing director since 2004. No word yet on his future plans. His board seats include Active Semi, Attributor Corp., Feedster and ModViz.
Lehigh Technologies Inc., a Naples, Fla.-based rubber recycling company, has raised a $34 million in second-round funding. Much of the capital will be used to fund construction of a new recycling plant. Participants included Kleiner Perkins Caufield & Byers, Index Ventures, NGP Energy Technology Partners and Florida Gulfshore Capital. VentureBeat had previously reported the […]
rPath, a Raleigh, N.C.-based provider of a platform for creating and maintaining software applications, has raised $10 million in Series C funding. Return backers include General Catalyst, North Bridge Venture Partners and Wakefield Group. PRESS RELEASE rPath
Yoono, a social network browser plugin, has raised $4 million in additional Series A funding led by AGF Private Equity. www.yoono.com
Stiefel Laboratories Inc., a Coral Gables, Fla.-based skincare pharmaceutical company, has agreed to acquire Barrier Therapeutics Inc. (Nasdaq: BTRX), for approximately $148 million. Last year, The Blackstone Group invested $500 million into Stiefel in exchange for a minority ownership position. PRESS RELEASE Stiefel Laboratories Inc., the world''s largest independent pharmaceutical company specializing in […]