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 […]
FRANKFURT, May 14 (Reuters) – The chairman of German chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) has talked with private equity group KKR's Europe chief about a merger between Infineon and KKR-owned chipmaker NXP, a newspaper reported on Wednesday. The Financial Times Deutschland (FTD) daily said such an entity would have annual sales of over 10 […]
LONDON, May 13 (Reuters) – Private equity funds in Africa are soaring, the Organisation for Economic Co-Operation and Development (OECD) said on Tuesday, describing the development as the “African investment story to watch”. As part of its 2008 African Economic Outlook, the OECD said funds raised for private equity in sub-Saharan Africa almost trebled in […]
Matthew Hawkins has joined Treadstone Partners as a senior director. He previously was with EFO Holdings. PRESS RELEASE Treadstone Partners, LLC, announced today that Matthew K. Hawkins has joined the firm as a senior director. His responsibilities will include origination, formation and execution of transactions for the company. “Matt is a great […]
Social Gaming Network, a Palo Alto, Calif.-based developer of games for social networks like Facebook, has raised $15 million in Series A funding. Backers include Greylock Partners, Founders Fund, Columbia Capital and Novak Biddle Venture Partners. PRESS RELEASE Social Gaming Network, (SGN) first gained wide acclaim and user adoption through their first Facebook […]
Sprout, a San Francisco-based platform for creating, publishing and managing rich media content, has raised $5 million in Series B funding. Polaris Venture Partners led the round, and was joined by return backers Global Venture Capital and Mitch Kapor. PRESS RELEASE Sprout, the premier platform for easily creating, publishing and managing rich media Web […]