Sigma Partners has named Paul Flanagan as a venture partner. He previously was an executive-in-residence with the firm and, before that, was an executive vice president and CFO with VistaPrint. Flanagan works out of Sigma's Boston office. PRESS RELEASE Sigma Partners, an early-stage technology venture capital firm founded in 1984, today announced that Paul […]
Sonics Inc., a Mountain View, Calif.-based provider of interconnect solutions that manage on-chip communications in SoCs devices, has withdrawn its registration for an $80 million IPO. It planned to trade on the Nasdaq with UBS serving as lead underwriter. Sonics has raised around $62 million in VC funding from firms like InveStar Capital (16.3% pre-IPO […]
SEOUL (Reuters) – A South Korean high court on Tuesday cleared U.S. private equity house Lone Star of manipulating the stock price of a former credit card firm, removing an obstacle to HSBC's $6.3 billion deal to buy control of Korea Exchange Bank. The verdict, rejecting an earlier judgement, reduces legal uncertainties for Lone Star […]
HELSINKI (Reuters) – Nokia Corp (NOK1V.HE: Quote, Profile, Research, Stock Buzz) is buying out other shareholders of handset software firm Symbian Ltd and will make the software royalty-free to respond to new rivals such as Google (GOOG.O: Quote, Profile, Research, Stock Buzz). Symbian's software is used in two-thirds of smartphones — handsets with computer-like capabilities […]
FRANKFURT (Reuters) – Smart-casual fashion house Tommy Hilfiger is focusing on expansion after turning around its U.S. business and currently has no plans for a stock market listing, its chief executive said. “An IPO is currently no longer up for discussion,” Fred Gehring told German business daily Handelsblatt in comments published on Tuesday. The brand, […]
NEW YORK, June 23 (Reuters) – Blackstone Group (BX.N: Quote, Profile, Research, Stock Buzz) registered on Monday to sell 818 million shares over time, in a move that could dramatically boost the number of company shares trading in the market. The registration will also make it easier for employees to sell their restricted shares in […]
Rajesh Subramaniam has joined Walden International as a managing director and head of Indian operations, according to VC Circle. He previously was CFO of Firstsource Solutions. The firm has not had a managing director in India since 2004, when Dinesh Vaswani left to join Bessemer Venture Partners (he's now with Temasek).
Simparel, a New York-based developer of ERP solutions, has raised $4 million in Series A funding from L Capital Partners. Read more
Nokia has agreed to acquire Plazes AG, a mobile social navigation startup with offices in Zurich and Berlin. No financial terms were disclosed. Plazes has raised VC funding from Doughty Hanson Technology Ventures, Esther Dyson, Marc Andreessen and Martin Varsavsky. PRESS RELEASE Nokia and Plazes (www.plazes.com) today announced an agreement for Nokia to acquire substantially […]
TOKYO (Reuters) – Investment bank Morgan Stanley said it had appointed Yoshihiko Shigenari head of its private equity unit in Japan as it strengthens its business in the world's second-largest economy. Shigenari, who is now co-head of the bank's investment banking division in Tokyo, will assume the new position at Morgan Stanley Capital on […]