CynDen Ltd., a UK developer of intense pulsed light-based treatments for cosmetic medical procedures, has raised Gbp2.8 million in VC funding. Unilver Ventures was joined on the round by return backer Longbow Capital. PRESS RELEASE CyDen Ltd, the Swansea-based medical devices company and pioneer of intense pulsed light (IPL) technology, today announced a significant […]
John Rutledge, chairman of mid-market PE firm Rutledge Capital, has joined the board of PCG Asset Management as an independent director. PCG AM is a private equity consultancy. PRESS RELEASE PCG Asset Management, a leading private equity consultant, announced today that Dr. John Rutledge has joined the firm's Board of Directors as an independent […]
Aldagen Inc., a Durham, N.C.-based developer of clinical-stage regenerative therapies, has filed for an $80.5 million IPO. It plans to trade on the Nasdaq under ticker symbol ALDH, with Wachovia Securities and Cowen & Co. serving as co-lead underwriters. The company has raised around $65 million in VC funding since 2000, from firms like Intersouth […]
Lightspeed Venture Partners has closed its eigth fund with $800 million in capital commitments. Its seventh fund had closed on $475 million in late 2005. The firm is based in Silicon Valley, but also has offices in China, India and Israel. PRESS RELEASE Lightspeed Venture Partners, a leading global venture capital firm, announced today the […]
Elixir Pharmaceuticals Inc., a Cambridge, Mass.-based drug company focused on metabolic diseases like diabetes and obesity, has withdrawn registration for an $86.25 million IPO, due to “market conditions.” It had planned to trade on the Nasdaq, with Credit Suisse serving as lead underwriter. The company has raised over $78 million in VC funding since […]
NEW YORK/LONDON (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research) and a fund set up by General Electric (GE.N: Quote, Profile, Research) and Credit Suisse (CSGN.VX: Quote, Profile, Research) said on Monday they had collectively raised almost $10 billion for funds to invest in infrastructure. Morgan Stanley said it has raised a $4 billion infrastructure […]
PHILADELPHIA, May 11 (Reuters) – Enthusiasm is scarce for this week's initial public offerings, which include a real estate company and glossy-paper maker, despite a surprisingly strong debut of Colfax Corp on Thursday. Both Verso Paper Corp, which produces glossy, coated paper for magazines and catalogs, and American Capital Agency Corp, a real estate investment […]
Grant Haggard and Bill Kindorf have joined Madison Capital Funding as senior vice president and vice president, respectively. Haggard previously has worked at such firms as Antares Capital, Linsalata Capital Partners and CapitalSource. Kindorf was last at Cochran, Caronia & Co. www.nylim.com/madisoncapital
Noble Environmental Power LLC, an Essex, Conn.-based developer of wind-powered renewable electric generating projects, has filed for a $375 million IPO. It plans to trade on the Nasdaq under ticker symbol NEPI, with Lehman Brothers, Credit Suisse and JPMorgan serving as co-lead underwriters. The company's principal shareholder is JPMorgan Partners (managed by CCMP Capital), […]
Noranda Aluminum Holding Co., a Franklin, Tenn.-based producer of primary aluminum products and rolled aluminum coils, has filed for a $250 million IPO. It plans to trade on the NYSE under ticker symbol NOR. The company is owned by Apollo Management. www.norandaaluminum.com