Trinity Ventures has promoted Ajay Chopra to general partner. He joined the firm in 2006 as a venture partner, and has worked on such deals as 21Vianet, Guard ID Systems, Mobile Messenger and Skyfire. PRESS RELEASE Trinity Ventures today announced that Ajay Chopra has been appointed general partner of the venture capital firm. Chopra joined […]
LONDON (Reuters) – UK-based buyout firm 3i Group Plc (III.L: Quote, Profile, Research) said on Thursday it sees a challenging outlook for the year, as assets under management rose by 37 percent in the year through March. The value of 3i's investments rose to 9.8 billion pounds ($19.1 billion) from 7.1 billion a year earlier, […]
NEW YORK (Reuters) – Search site Ask.com will announce on Thursday a deal to buy Lexico, home to popular reference Web sites Dictionary.com and Thesaurus.com, a move that will expand its audience by 11 percent. Ask's influence within IAC/InterActiveCorp is growing as the Internet conglomerate plans to spin off four of its largest businesses and […]
GreenFuel Technologies Corp., a Cambridge, Mass.-based developer of algae farm technologies for recycling CO2 emissions, has raised $13.9 million in new VC funding. Return backers include Access Private Equity, Draper Fisher Jurvetson and Polaris Venture Partners. PRESS RELEASE GreenFuel Technologies Corporation, a privately held company developing algae farm technologies for recycling CO2 emissions, has […]
Verso Paper Corp., a Memphis, Tenn.-based producer of coated papers, has reduced its IPO terms set its IPO terms to 14 million common shares being offered at $12 each. It had previously filed to sell 18.75 million common shares at between $16 and $18 per share. Verso is wholly-owned by Apollo Management. www.versopaper.com
Talyst, a Bellevue, Wash.-based provider of automated systems to hospitals and other centralized pharmacies to improve accuracy and patient safety, has raised $20 million in Series C funding. Return backers include AIG Investments, Ignition Partners and OVP Venture Partners. The deal includes an up-front investment of $8.5 million, with the remainder to be called down […]
CoreOptics, a German maker of optical networking subsystems, has raised $25 million in new VC funding. No investor information was disclosed. The company has now raised more than $90 million, from firms like T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures and Quest for Growth. PRESS RELEASE CoreOptics […]
Allegro Media Group, a producer of audio and video content, has raised $37 million in new funding. The round includes equity from existing shareholder Canterbury Park Capital, and a subordinated note and revolving line of credit from U.S. Bank. Allegro also announced that it has acquired Softland Corp., the exclusive distributor of audio and video […]
The Carlyle Group, a US-based private equity firm, has designated Shangdong Province as one of its key investment areas in China. The Department of Foreign Trade and Economic Cooperation of Shangdong Province (SDFTEC) and Carlyle entered into a memorandum of understanding to enhance trade co-operation and stimulate investment in the province. This will involve Carlyle […]
Kevin Reynolds is transitioning out of his role as UK country head at mid-market buyout firm Bridgepoint, according to Dow Jones. Reynolds plans to take a three-month sabbatical once Bridgepoint finishes raising EUR4.5 billion fourth fund later this month. He will then return as a transaction partner, while Guy Weldon will take over as UK […]