NEW YORK (Reuters) – Verizon Wireless said on Thursday it will buy rural mobile service provider Alltel Corp for $28.1 billion including debt, which would vault it to first place in the U.S. market ahead of AT&T Inc. Under terms of the deal, Verizon Wireless would acquire the equity of Alltel for $5.9 billion, and […]
Sixth Gear Solutions Corp., an independent auto finance company for U.S. car dealerships, has been formed with over $250 million in equity commitments from a private equity consortium led by Warburg Pincus. The company also secured $750 million in long-term debt facilities. PRESS RELEASE Sixth Gear Solutions Corp., an independent auto finance […]
VF Corp. (NYSE: VF) has acquired one-third the capital stock of Los Angeles-based women's sportswear company Mo Industries, from Summit Partners. The deal includes an option whereby VF Corp. can acquire the remaining stock in early 2009. No financial terms were disclosed. PRESS RELEASE VF Corporation (VFC) and Mo Industries Holdings, Inc. announced […]
Sinexus Inc. a Palo Alto, Calif.-based medical device company is focused on the treatment of chronic sinusitis, has raised $20 million in Series B funding. PTV Sciences led the round, and was joined by return backers Kleiner Perkins Caufield & Buyers and U.S. Venture Partners. The company also named Lisa Earnhardt as CEO. She previously […]
China LiNong International Ltd., a Chinese producer of high-end green vegetables, has raised an undisclosed amount of VC funding. SIG China Investment led the round, and was joined by Walden International, Sequoia Capital China and PreIPO Capital Partners. PRESS RELEASE Walden International (WI), a leading global venture capital firm, announced today an investment in China […]
Ken Viellieu has joined Moelis & Co. as a managing director and head of the firm's new Chicago office. He previously was a senior managing director and head of Midwest I-banking with Bear Stearns. PRESS RELEASE Moelis & Company announced today that Ken Viellieu has joined the firm as a Managing Director and Head of […]
Carl Marks & Co. has formed a new business unit called Carl Marks Healthcare Partners. It will provide operational and financial performance improvement and turnaround management to the healthcare industry. PRESS RELEASE Carl Marks & Co. Inc. announces the addition of Carl Marks Healthcare Partners LLC (CMHP) to the firm's business units. CMHP will focus […]
NetQoS Inc., an Austin, Texas-based provider of enterprise network performance analysis products and services, has acquired Helium Systems, a Valencia, Calif.-based provider of financial trade monitoring software. No financial terms were disclosed. NetQoS is a portfolio company of Liberty Partners.PRESS RELEASE NetQoS Inc., a provider of network and application performance management products and services for […]
Kiptronic Inc., a San Francisco-based company focused on ad insertion into audio and video podcasts, has raised $3 million in Series B funding, according to VentureWire. The report did not identify investors. The company previously raised a $4 million Series A round co-led by Blueprint Ventures and Prism VentureWorks. www.kiptronic.com
Sutus Inc., a Vancouver-based maker of an integrated communications device for office management, has raised C$5 million in new VC funding from existing backers BDC Venture Capital and GrowthWorks Capital. PRESS RELEASE Sutus Inc., the company behind the Sutus Business Central?, a unique all-in-one device that combines all IT data communications and Telephony features required […]