iSekurity, a Washington, D.C.-based provider of identity theft protection and detection solutions, has raised $11 million in first-round funding from Equity 11 Ltd. Read more
NEW YORK (Reuters) – Finance company GMAC LLC on Thursday said it is considering several asset liquidations for its Residential Capital LLC mortgage unit, which is trying to bolster liquidity after losing $5.3 billion in the last six quarters. In a U.S. Securities and Exchange Commission filing, GMAC said liquidations may include a sale of […]
Harris Barton and Kenneth Karmin have been named independent directors of JMP Group Inc. (NYSE: JMP), an I-banking and alternative asset management firm. Barton is managing partner of HRJ Capital, while Karmin is a principal of High Street Holdings. PRESS RELEASE JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced […]
Bruce Dunlevie, a general partner with Benchmark Capital, has been named chairman of the board for Rambus Inc. (Nasdaq: RMBS), a provider of technology licensing for high-speed memory architectures. He has been on the Rambus board since its 1990 inception. PRESS RELEASE Rambus Inc. (Nasdaq:RMBS), one of the world's premier technology licensing companies specializing […]
Philip Sanderson has been named head of private equity at UK-based law firm Travers Smith. He has been a partner with Travers Smith since 2001, and succeeds group co-founder Charles Barter. PRESS RELEASE Travers Smith, the award-winning UK based law firm, has promoted Philip Sanderson, Partner, to Head of Private Equity. Philip will assume […]
Ian McKenzie has joined GMT Communications Partners as a senior advisor. He is the former executive chairman of Invitel, a Hungarian fixed-line telecom provider that was once a GMT portfolio company. The firm also has hired Maria Trokoudes as a senior associate. She previously was with McKinsey & Co. GMT is a European private equity […]
Serious Business Inc., a San Francisco-based Internet application startup, has raised $4 million in Series A funding, according to a regulatory filing. Lightspeed Venture Partners led the round, with partner Jeremy Liew taking a board seat. The company is run by former Powerset engineer Siqi Chen, whose LinkedIn profile describes the company's mission as […]
NEW YORK (Reuters) – Citigroup Inc, hard hit by the global credit crunch, is expected to present plans to sell roughly $400 billion of extraneous assets when it meets with investors and analysts on Friday, people familiar with the situation said. Newly-installed Chief Executive Vikram Pandit, scrambling to slash Citi's costs and get past credit […]
Lime Rock Partners has closed its fifth fund with $1.4 billion in capital commitments. The firm focuses on private equity investments in the global energy sector. PRESS RELEASE Lime Rock, a private equity firm focusing on the global energy sector, today announces the closing of its fifth Lime Rock Partners fund, Lime Rock Partners […]
O.G. Greene has joined Navigation Capital Partners as an operating partner. He has served as CEO of multiple companies, including Burroughs Corp., National Data Corp., GridNet International, Skylight Financial and Speer Communications. PRESS RELEASE Navigation Capital Partners, a leading Atlanta-based middle market private equity firm, today announced that O.G. Greene has joined the […]