Xunlight Corp., a Toledo, Ohio-based developer of low-cost and flexible thin-film silicon solar modules, has raised $22 million in Series B funding. Trident Capital led the round, and was joined by return backers Emerald Technology Ventures and NGP Energy Technology Partners. The company had raised $7 million in Series A funding last July. PRESS […]
Austin Ventures has formed an acquisition platform to roll up enterprise-class social software-as-a-service companies. The platform also will provide strategic consulting services, and will be run by former Razorfish co-founder and CEO Jeffrey Dachis. AV is committing $50 million to the venture. PRESS RELEASE Austin Ventures, (“AV”), one of the nation's largest venture capital […]
Quaker BioVentures has closed its second fund with $420 million in capital commitments. The Philadelphia-based firm invests in early-stage life sciences companies, and had been targeting $300 million. Read more
Vermeer Capital, a new French turnaround firm focused on small and mid-sized companies, has held a EUR 75 million first close on its debut fund. A final close on EUR 90 million in expected within the next three months. PRESS RELEASE After only 7 months of fundraising, Vermeer Capital realised the first closing of […]
Summit Partners has closed its first European private equity fund with EUR 1 billion in capital commitments. It also raised $825 million for its fourth subordinated debt fund. PRESS RELEASE Summit Partners announced today that it has closed two new funds, a Europe private equity fund with EUR 1 billion of limited partner interests […]
Prematics Inc., a Bethesda, Md.-based provider of electronic prescribing services, has raised an undisclosed amount of Series B funding led by Health Evolution Partners Innovation Network. PRESS RELEASE Health Evolution Partners, a manager of health care investment funds, today announced that the Health Evolution Partners Innovation Network (HEPIN) has invested in Prematics, Inc., an […]
David Hudson has joined Darby Overseas Investments as senior managing director in charge of the firm's Asia operations and global infrastructure initiatives. He will be based in Hong Kong, and previously was with ING Group as president and CEO of wholesale banking in the Americas. PRESS RELEASE Darby Overseas Investments (“Darby”), the private equity arm […]
Pacific Title & Art Studio, a Hollywood-based provider of post-production services to the film industry, has raised $3 million from Celerity Partners and Ticonderoga Capital. PRESS RELEASE Pacific Title & Art Studio, one of the film industry's leading providers of post production services, today announced the recent completion of a $3 million round of growth […]
Verso Paper Corp., a Memphis, Tenn.-based producer of coated papers, has set its IPO terms to 18.75 million common shares being offered at between $16 and $18 per share. It would have an initial market cap of approximately $1.02 billion. Verso is wholly-owned by Apollo Management. www.versopaper.com
SINGAPORE (Reuters) – The Asian Development Bank is taking large risks by investing more in private equity firms than it is allowed to and internal controls of such investments show “serious weaknesses”, the Financial Times reported on Monday. Citing a confidential report by the ADB's evaluation unit, the FT said the bank “breached its capital […]