NEW YORK (Reuters) – Castle Creek Capital, a private equity firm that invests in banks, is looking to raise a new $500 million fund, a person with direct knowledge of the company's plans said on Wednesday. The fund will be used to invest in community banks, for both recapitalization and consolidation, said the source, who […]
NEW YORK (Reuters) – More than 7,600 Bear Stearns Cos' (BSC.N: Quote, Profile, Research) employees, about 55 percent of its staff, are expected to lose their jobs as the troubled investment bank is absorbed into JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), JPMorgan Chief Executive James Dimon said Tuesday. While discussing the historic $1.5 […]
David Edwards and Jim Woolsey have joined the cleantech team of VantagePoint Venture Partners as a partner and venture partner, respectively. The firm also promoted Marc van den Berg to managing director. Edwards previously was an equity research analyst with Morgan Stanley, covering the cleantech industry. Woolsey is the former Director of the CIA, and […]
ExteNet Systems Inc., a Lisle, Ill.-based network infrastructure company, has raised $27.5 million in new equity and debt funding. No breakout was disclosed. Palomar Ventures was joined on the equity tranche by return backers Centennial Ventures, Sevin Rosen Funds, Columbia Capital and CenterPoint Ventures. Comerica Bank is providing the revolving credit facility. PRESS RELEASE ExteNet […]
CDC Group has committed $650 million to Actis' third series of emerging markets funds. The series includes a global fund, and four regional pools targeted at Africa, South Asia, China and Latin America. www.act.is
Adrenaline Family Entertainment Inc., an amusement park operating company, has acquired Alabama Adventure in Bessemer, Alabama, from Southland Entertainment. No financial terms were disclosed. Adrenaline is majority-owned by Angelo, Gordon & Co., and led by a team of former Six Flags executives. PRESS RELEASE Adrenaline Family Entertainment, Inc. announced today the acquisition of Alabama […]
ECORE International, a Lancaster, Penn.-based maker of environmentally-sustainable products and solutions for the global marketplace, has raised $29 million in funding from Element Partners. PRESS RELEASE ECORE International, a leader in manufacturing and marketing innovative, environmentally sustainable products and solutions for the global marketplace, has received $29 million in equity financing from Element […]
Timothy Newell has joined Merriman Curhan Ford (Nasdaq: MERR) as head of the firm's newly-formed cleantech strategy group. He previously was a partner with DFJ Element and, before that, was managing director and head of I-banking for E*Offering. He also served in the Clinton White House from 1993 to 1997, including as deputy director for […]
Mocana, a San Francisco-based provider of security software for devices, has raised $7 million in second-round funding. Southern Cross Venture Partners led the round, and was joined by return backer Shasta Ventures. PRESS RELEASE Mocana, a security software company that delivers comprehensive protection for devices, today closed $7 Million in venture financing. The infusion […]
PAI Partners, one of France's largest buyout firms, has turned its attention to listed mid-cap companies, according to chairman and chief executive officer Dominique Megret. “We can invest in excess of EUR 1bn in equity just from our latest fund and not taking into account potential co-investments by our investors keen to invest alongside PAI […]