Infopia Inc., a Salt Lake City-based provider of a SaaS ecommerce platform, has raised $12 million in Series C funding. UV Partners led the round, and was joined by return backers Hummer Winblad Venture Partners, Trident Capital, and TransPacific Capital Partners. PRESS RELEASE Infopia, the leading SaaS eCommerce platform provider, announced today that it […]
NextG Networks Inc., a San Jose, Calif.-based provider of wireless infrastructure solutions, has filed for a $150 million IPO. It plans to trade on the Nasdaq under ticker symbol NXTG, with Merrill Lynch and Lehman Brothers serving as co-lead underwriters. The company has raised over $64 million in VC funding, from firms like Oak […]
Acclarent Inc., a Menlo Park, Calif.-based developer of surgical devices for treating ear, nose and throat ailments, has filed for an $86.25 million IPO. It plans to trade on either the Nasdaq or NYSE Arca, with JPMorgan and Piper Jaffray serving as co-lead underwriters. The company has raised around $63 million in VC funding, […]
BOSTON, June 5 (Reuters) – Security software maker Sophos plans to take a second shot at an initial public offering after abandoning its first attempt amid a sharp decline in technology shares late last year. “We will go back to the markets when the market is right, but we are not going to push it,” […]
Gary Weinstein has joined Providence Equity Partners as chief operating officer. He previously was with Lehman Brothers, as a managing director and global chief administration officer of investment banking. PRESS RELEASE Providence Equity Partners, the leading global private equity investment firm specializing in media, entertainment, communications and information companies, announced today that Gary […]
(Reuters) – Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research) may release second-quarter results a week earlier than expected, coupled with the announcement of a plan to raise capital, the New York Post said on Friday, citing a person familiar with the matter. Wall Street's smallest surviving major brokerage would announce a plan to raise […]
ZURICH, June 6 (Reuters) – The former head of Swiss engineering group ABB (ABBN.VX: Quote, Profile, Research) Fred Kindle is to become a partner at Clayton, Dubilier & Rice, the private equity group said, ending speculation about where Kindle would go next. Kindle, whose sudden departure from ABB earlier this year shocked markets, will be […]
AMSTERDAM, June 6 (Reuters) – Dutch-listed Lehman Brothers Private Equity Partners Ltd (LBPE.AS: Quote, Profile, Research), an affiliate of U.S. bank Lehman Brothers (LEH.N: Quote, Profile, Research), increased its net asset value per share by almost 2 percent in May as most of its investments gained in value. LBPE said in a statement its net […]
Xtep International Holdings Ltd., a Chinese maker of fashion sportswear, has raised HK$2.23 billion (US $286m) in an IPO on the Hong Kong Exchange. Company shareholders include The Carlyle Group. PRESS RELEASE Xtep International Holdings Limited (Xtep, SEHK Stock Code: 1368), one of the largest fashion sportswear companies in China, has debuted today […]
BOSTON, June 5 (Reuters) – Massachusetts' $52.7 billion state pension fund, one of the biggest U.S. public funds, hired several fund managers and allocated more money to private equity funds on Thursday. Trustees for the fund, called the Pension Reserve Investment Trust, voted to put $675 million into seven private equity funds. The pension fund […]