Gil Ha has joined Greenhill & Co. as a managing director focused on the telecom sector. He previously had been a senior managing director with Evercore Partners. PRESS RELEASE Greenhill & Co., Inc. (NYSE: GHL), a leading independent investment bank, announced today that Gil H. Ha will join the Firm as a Managing […]
Warburg Pincus has completed its $100 million PIPE with Nuance Communications Inc. (Nasdaq: NUAN). The firm purchased approximately 5.76 million Nuance shares at $17.36 per share. The transaction closed in conjunction with Nuance's acquisition of eScription, a provider of computer-aided medical transcription software. PRESS RELEASE Nuance Communications, Inc. (NASDAQ: NUAN), the world's leading supplier […]
Hatteras Venture Partners has formed a scientific advisory board. It will be chaired by Genentech co-founder Herb Boyer. PRESS RELEASE Hatteras Venture Partners announced today the establishment of its Scientific Advisory Board (SAB). The Board of internationally renowned scientists and industry experts is focused on helping Hatteras identify trends and opportunities in the […]
Canopy Ventures has closed its second fund with $100 million in capital commitments. The firm focuses on early-stage IT and life sciences opportunities in Utah. PRESS RELEASE Canopy Ventures today announced the formation of Canopy Ventures II, an early stage venture capital fund totaling $100M designed to infuse high-potential companies with the capital and […]
The Arkansas Development Finance Authority has committed $4.5 million to Petra Growth Fund II, a $150 million-targeted venture capital fund. The deal mans that Nashville-based Petra will seek investment opportunities in Arkansas-based IT and healthcare companies. PRESS RELEASE The Arkansas Development Finance Authority (ADFA) announced today that its Arkansas Institutional Fund (AIF) has committed to […]
Clearspring Technologies Inc., an Arlington, Va.-based provider of widget syndication services, has raised $18 million in Series C funding. New enterprise Associates led the round, and was joined by return backers like Novak Biddle Venture Partners and ZG Ventures. The company had closed a $5.5 million Series B round in early 2007. PRESS RELEASE Clearspring […]
NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research) is cutting roughly 1,300 positions globally, or nearly 5 percent of its work force, amid difficult market conditions, a person briefed on the matter said on Tuesday. The latest cuts are in addition to Lehman's layoffs of more than 5,000 people since mid-2007. […]
LONDON (Reuters) – The private equity industry is taking longer to raise funds and meet target amounts as the buyout fundraising market reaches saturation point, buyout research firm Private Equity Intelligence said on Tuesday. There are currently 1,478 funds seeking an aggregate of $844 billion, compared with 1,304 looking to raise $705 billion in January […]
Agito Networks Inc., a Sunnyvale, Calif.-based provider of enterprise mobility solutions, has raised $10 million in Series B funding, according to a regulatory filing. Castile Ventures led the round, and was joined by return backer Battery Ventures. The company's debut product is a platform designed to mobilize “business voice and data applications using RF-based, […]
TopSchool Inc., a Denver-based provider of SaaS student information systems, has raised $3.2 million in Series A funding. Backers include Alsop Louie Partners and Sienna Equity Partners. www.topschoolinc.com