Diane Woolf has joined Covington Associates as a principal. She previously ran the private placement group at Tucker Anthony Sutro and was a vice president in the private capital groups at Robertson Stephens and BancBoston Securities. PRESS RELEASE Covington Associates, a Boston-based specialty investment banking firm, announced today that Diane Woolf has joined as a […]
BEIJING (Reuters) – Private equity firm Cerberus Capital Management CBS.UL is starting a new fund to invest in assets it thinks have been driven down too low by the credit crisis, Chairman John Snow told Reuters on Thursday. The decision by Cerberus to wade more heavily into the market for distressed assets follows similar moves […]
Eli Lilly (NYSE: LLY) has entered into a licensing and development agreement with TransPharma Medical Ltd., an Israel-based developer of trans-dermal drug delivery solutions. The deal relates to a patch for the treatment of osteoporosis, and includes a $35 million up-front payment. The two companies did not specify the size of possible earn-out payments. TransPharma […]
AdChina, a Shanghai-based online advertising network, has raised $10 million in Series A funding led by Mayfield China. PRESS RELEASE AdChina, a Shanghai-based online advertising network, announced today that it has closed its first round funding of $10 million led by Mayfield China. AdChina was founded in April 2007 by a team of executives from […]
NWP Services Corp., an Irvine, Calif.-based provider of financial transaction processing solutions to the multi-family housing market, has raised $11.5 million in venture debt financing. ORIX Venture Finance committed $7.5 million in term loans, and Comerica Bank provided a $4 million credit facility. NWP previously raised VC funding from firms like Crosslink Capital, Endeavor Capital, […]
Technorati Inc., a San Francisco-based search engine for the blogosphere, has called down $7.5 million of a $10 million Series D round, according to a regulatory filing. Return backers include Draper Fisher Jurvetson, Mobius Venture Capital and FG Incubation, operator of Technorati Japan. Technorati has now raised over $30 million in VC funding. www.technorati.com
WooMe, creator of a live introductions platform for online speed dating, has raised $12.5 million in Series B funding. Index Ventures led the round, and was joined by return backers Atomico and Mangrove Capital Partners.PRESS RELEASEWooMe, the world's largest live introductions platform, today announced the closing of a Series B, totaling $12.5 million. The round […]
Lucid Commerce, a Seattle-based provider of on-demand business intelligence, has raised $2.5 million in Series A funding led by OVP Venture Partners.PRESS RELEASE Lucid Commerce, an industry-leading provider of on-demand business intelligence, announced today it has raised $2.5 million in Series A funding in a round led by OVP Venture Partners. The funding will be […]
Shaun Kingsbury has joined Hudson Clean Energy Partners as a London-based partner, where he'll be responsible for the New York-based firm's European operations. He most recently was a founding partner of Pulsar Energy Capital, a boutique investment firm focused on the energy sector. PRESS RELEASE Hudson Clean Energy Partners announced today that Shaun Kingsbury has […]
Stephen Coats has joined Riverstone Holdings as a managing director and general counsel, a new position. He previously was a partner with law firm Vinson & Ellis. PRESS RELEASE Riverstone Holdings LLC, a private equity firm specializing exclusively in the energy and power sectors, announced today that Stephen Coats has joined as a Managing Director […]