SAN FRANCISCO (Reuters) – LinkedIn, an online destination for professional networking, raised $53 million from investors in a fourth round of financing, giving the company an estimated valuation of just over $1 billion, LinkedIn Chief Executive Dan Nye said. Private equity firm Bain Capital’s Bain Capital Ventures led the investment round, and LinkedIn’s existing investors, […]
NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is not in talks for a sale of the firm and Chief Executive Richard Fuld is not considering a merger, a person close to the company said on Wednesday. Earlier, CNBC cited Wall Street insiders as saying Fuld was weighing a […]
Microsoft has acquired Navic Networks, a Waltham, Mass.
David Handler and David St. Jean have joined Centerview Partners as partners. They will co-head the expansion of the firm's investment advisory practice in the tech and telecom sectors. Each man previously was with UBS as a managing director and co-head of tech investment banking in the Americas. PRESS RELEASE Centerview Partners announced that […]
On Deck Capital Inc., a New York-based provider of financing for small businesses that wouldn’t normally qualify for bank loans, has secured a $100 million debt facility from Silar Advisors. On Deck had previously raised VC funding from RRE Ventures, Village Ventures, First Round Capital, Khosla Ventures and Contour Venture Partners. PRESS RELEASE On […]
Wazoo Sports Inc., a London, Ky.-based high school sports broadcast network, has raised $2 million in new VC funding from Meritus Ventures. PRESS RELEASE Wazoo Sports, Inc., a High School Sports Broadcast Network based in London, Kentucky, announced today it has received a $2.0 million equity funding commitment from Meritus Ventures, L.P. a London, […]
WorldStrides, a Charlottesville, Va.-based accredited supplemental travel school, has acquired both the Field Studies Center of New York and Accent Travel Group. No financial terms were disclosed. WorldStrides is a portfolio company of Charlesbank Capital Partners. PRESS RELEASE WorldStrides, a portfolio company of Charlesbank Capital Partners, has made two acquisitions: the Field Studies Center of […]
M2 Technology Partners, a new private investment company focused on global acquisitions of software and services businesses, has launched with an undisclosed amount of funding from Accel-KKR. M2 is led by Mark Duffell and Michael Piraino, who previously were with Epicor Software Corp. (Nasdaq: EPIC) as president/COO and CFO, respectively. PRESS RELEASE M2 Technology Partners, […]
MadVision Entertainment, a multimedia company focused on branded urban content, has acquired the Soul Train franchise from founder Don Cornelius. No financial terms were disclosed. MadVision is sponsored by InterMedia Partners. PRESS RELEASE Founder Don Cornelius today announced he has sold the Soul Train media franchise to MadVision Entertainment, Inc. MadVision Entertainment, Inc. is a […]
John Hunt has rejoined Goodwin Procter as senior council in the firm's business law department. He also will be a member of its investment management practice. Hunt most recently was of counsel at Bingham McCutchen. www.goodwinprocter.com