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NEW YORK (Reuters) – Bear Stearns Cos Inc Chairman James Cayne apologized to employees and investors on Thursday for the demise of the 85-year-old investment bank, as shareholders voted to sell the company to JPMorgan Chase & Co for less than $10 a share. In a five-minute meeting at Bear's Manhattan headquarters, Cayne expressed regret […]
Sapphire Energy Inc., a Sonoma, Calif.-based company that creates “green” gasoline by produces crude oil out of algae, has raised over $50 million in VC funding. Backers include Arch Venture Partners, Venrock and the Wellcome Trust.    PRESS RELEASE    Sapphire Energy announced today they have produced renewable 91 octane gasoline that conforms to ASTM […]
Zmags, a Copenhagen-based provider of online publication solutions, has raised $4.2 million in Series B funding from OpenView Venture Partners. It had previously raised $2.6 million from NorthCap Partners. PRESS RELEASE Zmags, a leading provider of digital publishing software, today announced it has raised $4.2 million in Series B funding from OpenView Venture Partners, bringing […]
Summit Energy Services Inc., a Louisville, Ky.-based provider of energy management services, has acquired Siemat Energy, a Belgium-based company with around 130 industrial and commercial clients in Europe. No financial terms were disclosed. Summit Energy last year raised $82.5 million in a common stock round led by Weston Predisio.   PRESS RELEASE   Summit Energy […]
PNA Group Holding Corp., an Atlanta-based steel processor and distributor, has raised its IPO target from $175 million to $200 million. It has not detailed how many shares it plans to sell, or at what price. PNA expects to to trade on the NYSE under ticker symbol PNA, with Citi and UBS serving as co-lead […]
Rakesh Gangwal has joined Teachers' Private Capital as a senior advisor. He is the former president and CEO of U.S. Airways, and also served as chairman, president and CEO of Worldspan Technologies Inc.   PRESS RELEASE   Accomplished business leader and executive Rakesh Gangwal has joined Teachers' Private Capital, the private equity arm of the […]
Headway Capital Partners has acquired shareholding positions in six companies from Viveris Management. No financial terms were disclosed. The companies are Trophos, Ipsogen, Maxmat, Certeurope, Travelsoft and Pytheas. Viveris will continue to manage some of the investments on Headway's behalf, while others will be managed by LC Capital.  www.headwaycap.com
SezWho, a Los Altos, Calif.-based provider of ratings and reputation services for online communities, has acquired Tejit, a provider of semantic intelligence solutions. No financial terms were disclosed. SezWho last year raised $1 million in first-round funding from KPG Ventures. PRESS RELEASE SezWho (www.sezwho.com), a universal profile service for the social web that engages communities […]
AM-Pharma NV, a Dutch developer of improved endogenous proteins and peptides, has held a EUR 7 million first close on its Series C round, which is targeting a total of EUR 20 million. Backers include Forbion Capital Partners and Inventages Venture Capital.   PRESS RELEASE AM-Pharma B.V., the biopharmaceutical company developing improved endogenous proteins and […]
Oncogenex Technologies Inc., a Vancouver-based drug company focused on cancer therapeutics, is going public via a reverse merger with Sonus Pharmaceuticals Inc. (SNUS). OncoGenex backers will receive 37 million Sonus shares, which were valued at around $10.4 million after Sonus shares slumped down to just $0.28 on the merger news. They also could receive another […]
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