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 […]
Greentech Media Inc., a Cambridge, Mass.
Expresso Fitness, a Sunnyvale, Calif.-based provider of interactive cardio fitness systems, has raised $12 million in Series C-2 funding. Physic Ventures led the round, and was joined by return backers Sierra Ventures and Enterprise Partners Venture Capital. It had raised a $9.3 million Series C-1 round last year. PRESS RELEASE Expresso Fitness, the leading developer […]
Compass Diversified Holdings has agreed to sell coating systems maker Silvue Technologies Group Inc. to Mitsui Chemicals Inc. The deal values Silvue at approximately $95 million, with Compass to receive around $70 million. PRESS RELEASECompass Diversified Holdings (Nasdaq: CODI) announced today that its wholly owned subsidiary, Compass Group Diversified Holdings LLC (the “Company”) has entered […]
Milestone AV Technologies Inc. (f.k.a. CSAV Holding Corp.), a Savage, Minn.-based maker of audio-visual mounting equipment and display solutions, has withdrawn its IPO filing. The company had originally filed to sell 12 million shares at between $14 and $16 per share, but later lowered the range to between $12 and $14 per share. Wachovia Securities […]
DBG Eastern Europe has re-branded itself as Arx Equity Partners, as it raises a new fund independent from former parent Deutsche Bank. www.arxequity.com
Experienced M&A lawyer Mike Kingston has moved from Herbert Smith to US law firm Covington & Burling. He has been appointed to head up the firm's European corporate practice. Kingston has also worked in Paris, Hong Kong and Singapore for Herbert Smith. Roger Enock, managing partner of Covington's London office, commented: “We are very pleased […]
Knight Vinke, run by Dutchman Eric Knight, has accused HSBC management, led by its chairman, Stephen Green, of misleading the market by not writing down another US$30bn worth of mortgage-backed assets, US$23bn of which would come from HSBC Finance Corporation (HFC) in the US. Yesterday, on Monday, when HSBC reported first quarter profit, which was […]
Matt Schumacher has been named a vice president with Boxwood Partners, a Richmond, Va.-based mid-market investment bank. He previously was an associate with Harris Williams & Co. PRESS RELEASE Boxwood Partners, an integrated mid-market investment banking and private investment management firm based in Richmond, VA, is pleased to announce the hiring of Matt Schumacher […]