Mark Rodrigues has joined Aquiline Capital Partners. He previously was with Oliver Wyman, as a managing director and global head of strategic IT and operations. PRESS RELEASE Aquiline Capital Partners LLC (“Aquiline”), a New York based private equity firm investing in financial services, today announced that Mark S. Rodrigues has joined the firm. Mr. […]
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) staff were told last night there may be more job cuts to come, according to a person familiar with the situation. At a town hall meeting, employees were told that while many cuts have already been made, “We are not sure it's over,” […]
Vaccsys Inc., a Seattle-based vaccine developer, has called down $9 million of an $18 million Series A round, according to a regulatory filing. Backers include Alta Partners, The Column Group and Versant Ventures. The company's technologies “regulate immune responses by targeting dendritic cell biology with combinations of proprietary vectors and adjuvants.” www.vaccsys.com
DynaPump Inc., a Northridge, Calif.-based manufacturer of surface mounted artificial lift systems for the oil and gas industry, has secured $6 million of an $8 million Series C extension, according to a regulatory filing. The company had previously held a $12 million close on the round, from DFJ Element, NGP Energy Technology Partners and Chevron […]
ParaScale Inc., a Cupertino, Calif.-based provider of cloud storage software, has raised $11.37 million in Series A funding, according to a regulatory filing. Backers include Charles River Ventures and Menlo Ventures. www.parascale.com
DFJ InCube Ventures is targeting $125 million for its debut fund, according to a regulatory filing. The Menlo Park, Calif.-based firm focuses on early-stage medical technology opportunities, and is led by managing director Mir Imran. It already has received a $10 million LP commitment from Medtronic. www.dfjincubevc.com
Great Hill Equity Partners is raising up to $1.25 billion for its fourth fund, according to a regulatory filing. The Boston-based firm already has secured around $830 million in commitments. Its third fund closed in 2006 with $750 million. www.greathillpartners.com
Cortina Systems Inc., a Sunnyvale, Calif.-based provider of analog and digital ICs, has acquired Storm Semiconductor Inc., a company specializing in embedded network processing, triple play services and storage solutions for both SMB and home networks. No financial terms were disclosed. Cortina has raised over $216 million in total VC funding, including a $132 […]
DUESSELDORF (Reuters) – Private equity firm Apax Partners [APAX.UL] has not set a specific time to divest its 44 percent stake in German telecoms company Versatel AG (VTWGn.DE: Quote, Profile, Research, Stock Buzz), an Apax partner said on Wednesday. Speaking at an industry event in Duesseldorf, Torsten Krumm said: “We have not set ourselves a […]
Kohlberg Kravis Roberts & Co. has made a number of personal changes, including the creation of a chief administrative officer position. It will be filled by existing KKR pro Todd Fisher. The firm also has absorbed its entire KFL credit business, shifting from a 65% owned entity to a wholly owned entity. PRESS RELEASE Consistent […]