Seesmic Inc., San Francisco-based provider of online video chat solutions, has raised $6 million in Series B funding. Omidyar Network and Wellington Partners co-led the round, which comes less than five months after a $6 million Series A infusion. Participants in that deal included Atomico, Mike Arrington, Dave Winer, Martin Varsavsky, Ron Conway, Steve Garfield, […]
An attempt by Barclays bank to raise Gbp4bn (US$7.8bn) from sovereign wealth funds (SWF) faces a set back after a member of Qatar's royal family complained about an alleged EUR 50m (US$78m) fraud in Spain. Sheikh Abdul Aziz bin Khalifa Al-Thani is to write a letter to the board of Barclays complaining about negligence and […]
Michael McFadden has joined the private equity group of insurance broker Lockton Cos., as an executive vice president. He previously was a managing director in Marsh's private equity and mergers practice. PRESS RELEASE Lockton Companies, the world's largest privately held insurance broker, has added Michael McFadden as Executive Vice President for the company's […]
Austin Ventures has committed $50 million to create ATCOR Holdings Inc., an acquisition platform focused on the online advertising, marketing and digital media sector. It will be run by Sherman Atkinson, former COO of Intermix Media. PRESS RELEASE Austin Ventures, (“AV”), today announced that it has entered into a partnership with Sherman Atkinson […]
Orval Kent Food Co., a portfolio company of Questor Management Co., has acquired Fresh Creative Foods LLC, a San Diego-based processor and distributor of a diverse array of ready-to-eat refrigerated gourmet meals and side dishes. No financial terms were disclosed. RSM EquiCo Capital Markets advised Fresh Creative on the deal. PRESS RELEASE Orval […]
Checkpoint Systems Inc. (NYSE: CKP) has agreed to acquire OATSystems Inc., a Waltham, Mass.-based maker of RFID application software and middleware. No pricing terms for the all-cash deal were disclosed. OATSystems has raised $24 million in VC funding from such firms as Greylock Partners, Matrix Partners and Hercules Technology Growth Capital. PRESS RELEASE […]
AGA Medical Holdings Inc., a Plymouth, Minn.-based maker of medical devices the treatment of structural heart defects and vascular diseases, has filed for a $200 million IPO. It plans to trade on the Nasdaq under ticker symbol AGAM, with Citi, Deutsche Bank Securities and Lehman Brothers serving as co-lead underwriters. Welsh Carson Anderson & Stowe […]
Broncus Technologies Inc., a Mountain View, Calif.-based developer of medical devices for emphysema and other lung diseases, has withdrawn registration for an $86.25 million IPO, due to “currrent public market conditions.” Lehman Brothers and Bear Stearns had been serving as co-lead underwriters. Broncus has raised around $73 million in total VC funding since 1997, […]
Ellora Energy Inc., a Boulder, Colo.-based oil and gas company, has increased its IPO price range from $12-$14 per share to $17-$19 per share. It still plans to offer 11.37 million common shares. Its initial market cap would be approximately $1.01 billion, were it to price at the high end of its range. Ellora […]
SeeSaw Networks, a San Francisco-based out-of-home digital media company, has raised $3.5 million in Series B funding, according to a regulatory filing. Series A investor Sutter Hill Ventures participated. www.seesawnetworks.com