June 2 (Reuters) – Wachovia Corp (WB.N: Quote, Profile, Research) said on Monday it ousted Ken Thompson as chief executive of the fourth-largest U.S. bank, in the wake of mounting legal and regulatory troubles and an ill-fated purchase of a big mortgage lender as the nation's housing boom was about to go bust. Lanty Smith, […]
Terry Semel is considering a bid for talent agency IMG, which is currently owned by Forstmann Little, according to The New York Post. Semel is the former CEO of Yahoo and Warner Bros. Entertainment, and recently met with Teddy Fostmann and his Goldman Sachs bankers to discuss a possible transaction. The article does not identify […]
Bayside Capital, a distressed debt affiliate of H.I.G. Capital, has raised $3 billion for its second fund, according to LBO Wire. It had been targeting $2 billion, after having raised $500 million for a debut vehicle in 2004. www.bayside.com
Henri-Paul Rousseau is stepping down as president and CEO of Caisse de depot et placement du Quebec, in order to become vice chairman of Power Corp. of Canada. He will remain an advisor to Caisse for the next three months. Caisse chief investment officer Richard Guay will serve as interim CEO. PRESS RELEASE […]
Grockit Inc., a San Francisco-based online test prep school, has raised $8 million in Series B funding. Integral Capital Partners led the round, and was joined by return backer Benchmark Capital. www.grockit.com
Tremor Media, a New York-based online video advertising network, has an undisclosed amount of Series B-1 funding from European Founders Fund. It had previously raised nearly $20 million from Canaan Partners and Masthead Venture Partners. www.tremormedia.com
Correlsense, an Israel-based developer of IT SLA management software, has raised $3 million in VC funding. Backers include Vertex Venture Capital, Proseed Venture Capital and eXeed Technology. PRESS RELEASE Correlsense, a startup company developing the next generation of IT Service Level Agreement (SLA) management software solutions, today announced the completion of a $3M […]
Persystent Technologies, a Tampa, Fla.-based provider of automated PC repair and high-speed imaging, has raised $11.6 million in Series A recap funding. ABS Ventures and Valhalla Partners co-led the round, and were joined by return backers Inflexion Partners, Tall Oaks Capital and Village Ventures. PRESS RELEASE Persystent Technologies, the leading provider of automated […]
Rox Medical Inc., a San Clemente, Calif.-based medical device company focused on chronic obstructive pulmonary disease, has raised $35 million in Series C funding, according to VentureWire. Essex Woodlands Health Ventures led the round, and was joined by return backers Domain Associates, Prism VentureWorks and Versant Ventures. The company had previously raised around $16 million. […]
Syndexa Pharmaceuticals Corp., a Cambridge, Mass.-based metabolic drug discovery company, has raised $15 million in venture capital funding. The round was led by Yalcin Ayalsi, founder of Hitite Microwave Corp. www.syndexa.com