KKR and DLJ Merchant Banking Partners have filed to sell 10 million shares in specialty chemical company Rockwood Holdings (NYSE: ROC). The proposed price of $41.74 per share would generate around $417 million in proceeds for the sellers, which would rise to nearly $480 million if a 1.5 million overallotment option were exercised. Assuming just […]
PlantSense Inc., a San Francisco-based provider of Internet-enabled gardening tools, has raised $3.5 million in Series A funding. Gabriel Ventures led the round, and was joined by individual angels. PRESS RELEASE PlantSense, a pioneer in Internet-enabled gardeningtools, has received $3.5 million in Series A funding from Gabriel Ventures and independent investors. Working in combination with […]
DemandWare Inc. has won an auction for the assets of N2N Commerce, a Cambridge, Mass-based maker of on-demand commerce management software for multichannel retailers. No financial terms were disclosed. DemandWare has raised around $44 million in VC funding from General Catalyst Partners, North Bridge Venture Partners and T-Venture Holding. N2N had raised $30 million in […]
Jivox, a San Mateo, Calif.-based online video advertising platform for local businesses, has raised $10.7 million in Series A funding. Opus Capital led the round, and was joined by Helion Venture Partners and returning angels. Jivox had previously raised $2.7 million in seed funding from Opus and company founder Diaz Nesamoney. PRESS RELEASE Jivox, […]
Varolli Corp., a Seattle-based provider of SaaS interactive customer communications solutions, has withdrawn its IPO registration, due to “difficult market conditions.” The company had filed last September to raise $86.25 million, with Lehman Brothers and JPMorgan serving as co-lead underwriters. Varolli was founded in 1999 as AlertOnline, and later was renamed Par3 Communications. It […]
Metropark USA Inc., a City of Industry-based specialty retailer whose mall-based stores are focused on fashion-oriented 20-30 year-olds, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol MTPK, with Goldman Sachs serving as lead underwriter. The company raised a small amount of expansion capital last year from […]
HONG KONG (Reuters) – The Carlyle Group [CYL.UL], a Washington-based private equity firm, said it has hired Sunil Kaul, a veteran Citigroup (C.N: Quote, Profile, Research, Stock Buzz) banker, as a senior director in financial services in its Carlyle Asia Partners unit. Kaul, who was president of Citibank Japan and spent 18 years at the […]
NEW YORK (Reuters) – The world's biggest insurer, American International Group Inc, replaced CEO Martin Sullivan on Sunday after it suffered two quarters of record losses from risky mortgage bets and its share price more than halved over the past year. Sullivan is the latest Wall Street chief — including former Citigroup Inc Chief Executive […]
ProQuest, a portfolio company of ABRY Partners, has agreed to acquire Dialog from Thomson Reuters. No financial terms were disclosed. Dialog provides online research tools including publication content archives. (Note: peHUB is published by Thomson Reuters) PRESS RELEASEProQuest, a Cambridge Information Group company, has signed an agreement under which ProQuest would acquire the Thomson Reuters […]
Avenue Capital Group has held a EUR 563 million first close for its first European distressed debt fund, according to LBO Wire. The vehicle has a EUR 1.5 billion target. www.avenuecapital.com