Verso Paper Corp., a Memphis, Tenn.-based producer of coated papers, raised $168 million by pricing 14 million shares at $12 per share.The company had originally planned to sell 18.75 million shares at between $16 and $18 per share, and saw its stock close down 17% at $10 per share. The company is trading on the […]
JellyCloud Inc., a Redwood City, Calif.-based online ad network, has called down $6.6 million of a $12 million Series A1 round, according to a regulatory filing. Backers include Softbank America, U.S. Venture Partners, Crosslink Capital and Sand Hill Capital. www.jellycloud.com
Kohlberg Kravis Roberts & Co. today announced that is has formed a team to invest in infrastructure assets on a global basis. It is being run by former Lazard infrastructure chief George Bilicic. PRESS RELEASE Kohlberg Kravis Roberts & Co. today announced plans to begin a new initiative to invest in infrastructure assets […]
Amber Tencic has joined turnaround firm Drum Capital Management as director of finance. She previously was a senior vice president with Pequot Capital Management. PRESS RELEASE Drum Capital Management LLC, an independent investment management firm dedicated to distressed and turnaround investments, today announced that Amber Tencic has joined the company as Director of Finance. […]
Paylocity, an Arlington Heights, Ill.-based provider of payroll and HR solutions, has raised $10 million in Series A funding from Adams Street Partners. VentureWire reports that the pre-money valuation was north of $60 million. PRESS RELEASE Paylocity, one of America's fastest growing providers of payroll and HR solutions, announced today that it has formed […]
Proventys Inc., a Durham, N.C.-based provider of personalized medicine information services, has raised $5.65 million in Series A1 funding led by Burrill & Company. The company also named former Aetna business development manager Tim Thompson as CEO, and formed as strategic relationship with McKesson Corp. PRESS RELEASE Proventys, Inc., a personalized medicine knowledge […]
Performance Equity Management is looking to raise between $700 million and $800 million for its second fund-of-funds, according to VentureWire. Performance was formed in 2005, as an independent spinout by the private equity team at GM Investment Management. Its debut fund closed on $650 million in 2006. www.peqm.com
Novasys Medical Inc., a Newark, N.J.-based developer of a device to treat female stress urinary incontinence, has raised $49.5 million in Series D funding. Versant Ventures led the round, and was joined by Three Arch Partners, Skyline Ventures and return backers Affinity Capital Management, Alloy Ventures, Delphi Ventures, GBS Venture Partners, INVESCO Private Capital, JPMorgan […]
MVM Life Science Partners is planning to close its third fund within the next few weeks at Gbp150 million, according to VentureWire. It already has secured Gbp130 million in capital commitments. The UK-based venture firm focuses on life sciences opportunities in the U.S. and Europe. www.mvmlifescience.com
Gideon Barak has joined BlueRun Ventures as a venture partner. He is a serial entrepreneur who has been involved with such companies as DSPC (sold to Intel), Butterfly (sold to TI), Envara (sold to Intel) and ICI Mobile. PRESS RELEASE Gideon Barak has joined BlueRun Ventures as Venture Partner. As a serial […]