CB Richard Ellis has raised $2.1 billion for its fifth real estate private equity fund. The vehicle is expected to have $6.4 billion in purchasing power, including leverage. PRESS RELEASE CB Richard Ellis Investors announced the closing of CB Richard Ellis Strategic Partners U.S. 5, which consists of two limited partnerships, having raised […]
Sai Advantium Pharma, a Hyderabad, India-based pharmaceutical services company, has raised $20 million from MPM Capital. The deal represents MPM's first investment in India. PRESS RELEASE MPM Capital, the largest venture capital investor dedicated solely to healthcare, announced today that it has made a $20 million investment in Sai Advantium Pharma, a leading […]
Jeffrey Stiefler has joined Emergence Capital Partners as a venture partner. He previously was chairman and CEO of Digital Insight, which last year was sold to Intuit for $1.4 billion. Past roles include president of American Express and CEO of IDS Financial Services. PRESS RELEASE Emergence Capital Partners, the leading venture capital firm focused on […]
Passenger, a Los Angeles-based provider of on-demand customer collaboration solutions, has raised $8 million in Series C funding. StarVest Partners led the round, and was joined bv fellow return backers Steamboat Ventures and Shelter Capital Partner. The company has now raised $20.5 million in total VC funding. PRESS RELEASE Passenger, the leader in on-demand customer […]
Ubidyne, a provider of digital radio technology for the wireless industry, has raised $34 million in Series B funding. Doughty Hanson Technology Ventures led the round, and was joined by BayTech Venture Capital and return backers Accel Partners and TVM Capital. Ubidyne has offices in Germany and Tempe, Arizona. PRESS RELEASE Ubidyne, the leader […]
Prism VentureWorks has promoted Brendan O'Leary to general partner. He joined the firm in 2003, and co-leads the firm's life sciences practice. His board seats include Locus Pharmaceuticals, Proteon Therapeutics, ROX Medical, Serica Technologies and Trius Therapeutics. PRESS RELEASE Prism VentureWorks, an early-stage venture capital firm focused on Digital Media, Software & Services and […]
Metastorm Inc., a Columbia, Md.-based provider of business process management software, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol MSTM, with Jefferies & Co. and Oppenheimer & Co. serving as co-lead underwriters. Metastorm has raised around $115 million in total VC funding, including a 2004 […]
Grand Canyon Education Inc., a Phoenix-based provider of online postsecondary education services, has filed for a $230 million IPO. It plans to trade on the Nasdaq under ticker symbol LOPE, with Credit Suisse and Merrill Lynch serving as co-lead underwriters. Shareholders include Endeavour Capital (32.6% pre-IPO stake). www.gcu.edu
NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) could cut as many as 4,000 of its own employees worldwide as the bank prepares to take on staff from Bear Stearns Cos (BSC.N: Quote, Profile, Research) at the same time it deals with turmoil in financial markets, people familiar with the situation […]
LONDON, May 14 (Reuters) – U.S.-based investment bank Merrill Lynch (MER.N: Quote, Profile, Research) said on Wednesday it hired Jean-Eudes Renier from rival Morgan Stanley (MS.N: Quote, Profile, Research) as a managing director in its European multi-industries origination team. Renier, who was a managing director for Morgan Stanley's basic materials group, will focus at Merrill […]