Mark Del Col has joined LaCrosse Global Fund Services as global head of sales and marketing. He previously was a managing director with SWIFT. PRESS RELEASE LaCrosse Global Fund Services, a provider of operations, middle-office and fund administration services to managers of complex hedge funds around the world, announced today Mark Del Col has […]
Tony Florence and Paul Walker have joined New Enterprise Associates as partners in the firm's growth equity practice. Florence previously was head of East Coast tech banking with Morgan Stanley, and will focus on IT opportunities. Walker had been a general partner with MPM Capital, and focuses on biotech and life sciences opportunities. PRESS […]
Current Group LLC has agreed to sell its existing smart-grid network in Dallas to Oncor Electric Delivery Co. for approximately $90 million. The transaction also includes the sale of some equipment. Current Group is a Germantown, Md.-based provider of broadband-over-powerline solutions, and has raised over $280 million from firms like Liberty Associated Partners, Goldman Sachs, […]
Asoyia, an Iowa City
Obopay, a Redwood City, Calif.-based mobile payment software company, said that it has raised $20 million in Series D funding. GigaOm first reported the news earlier this month. Essar Communications Holdings Ltd. led the round, and was joined by return backers Richmond Management, Qualcomm, Redpoint Ventures, AllianceBernstein, Citi, Promethean India and Societe Generale. […]
AMSTERDAM (Reuters) – Dutch financial services group ING Groep NV said on Friday it would buy CitiStreet, a provider of administrative services to the retirement sector primarily in the United States, for 578 million euros ($903 million). “This acquisition significantly expands our existing footprint in our retirement services businesses in the US and will help […]
LONDON, May 1 (Reuters) – Clive Cowdery, the entrepreneur who sold insurer Resolution last year, is back in business with a restructuring venture that will target troubled banks, asset managers and insurers as the credit crunch batters the sector. Speaking just hours after Resolution's takeover by rival Pearl completed, Cowdery said on Thursday he was […]
NEW YORK (Reuters) – Boutique U.S. investment bank Greenhill & Co (GHL.N: Quote, Profile, Research) on Thursday said first-quarter profit more than doubled amid a surge in merger advisory fees, but the results fell short of expectations as some deals were delayed. The New York-based firm said net income rose to $19.2 million, or 68 […]
Kleiner Perkins Caufield & Byers has closed its thirteenth traditional venture capital fund with $700 million in committed capital. PRESS RELEASE Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture capital firm, today announced the formation of its most recent fund, KPCB XIII. KPCB XIII plans to invest $700 million over roughly a […]
Kleiner Perkins Caufield & Byers has formed a $500 million “green growth” fund to invest in later-stage cleantech companies. peHUB first reported the news last week. PRESS RELEASE Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture capital firm, announced today it is launching a new $500 million investment vehicle: the Green Growth […]