Harris Williams & Co. has made four promotions: David Joncas and John Neuner to managing director, John Arendale to director and Jeff Cleveland to vice president. PRESS RELEASE Harris Williams & Co. is pleased to announce that it has promoted four senior professionals from the firm's Richmond, Boston, and Minneapolis offices. David Joncas and […]
Tinicum Capital Partners has sold Hallmark Data Systems to EBSCO Industries Inc. for an undisclosed amount. Hallmark is a Skokie, Ill.-based circulation fulfillment provider for the b-to-b sector. www.ebscoind.com
Bungee Labs Inc., an Orem, Utah-based provider of a system for creating and delivering next-generation Web applications, has raised $8 million in Series C funding, according to a regulatory filing. Backers include North Bridge Venture Partners, Venrock and Wasatch Venture Fund. The company had raised a $7.1 million Series B round in november 2006 at a […]
NEW YORK (AP) — Bear Stearns Cos., one of the most venerable names on Wall Street, turned to a rival bank and the federal government for a last-minute bailout Friday to prevent it from collapsing. The Federal Reserve responded swiftly to pleas from Bear Stearns that its coffers had “significantly deteriorated” within a 24-hour […]
Nellix Inc., a Palo Alto, Calif.-based developer of an endograft for treating abdominal aortic aneurysms and thoracic aortic aneurysms, has raised $6.49 million in Series C-2 funding, according to a regulatory filing. Return backers include Essex Woodlands Health Ventures. The company has now raised around $20 million in total VC funding since 2005. www.nellix.com
Miramar Labs Inc., a Menlo Park, Calif.-based developer of medical devices for aesthetic indications, has raised $20.34 million in Series B funding, according to a regulatory filing. Backers include Domain Associates, Morgenthaler Ventures and Split Rock Partners. The company does not have a website.
Microsoft Corp. has agreed to acquire Rapt Inc., a San Francisco-based developer of price optimization and profitability management software. No financial terms were disclosed. Rapt has raised around $55 million in total VC funding since 1998, from firms like Accel Partners and Levensohn Venture Partners. In 2006, Accel and Levensohn reached an out-of-court settlement […]
Nycomed AS, a Danish drug company, is seeking a buyer for its cancer research operations, according to Financial Times Deutschland. No word yet on desired pricing. Nycomed acquired the assets as part of its 2006 purchase of Altana AG's pharmaceuticals division. Nordic Capital holds a 51% stake in Nycomed, with other shareholders including DLJ […]
JPMorgan Chase has agreed to provide Bear Stearns with a secured loan facility for a period of 28 days, allowing Bear Stearns to “access liquidity as needed.” The two sides are also discussing permanent financing or other alternatives. PRESS RELEASE The Bear Stearns Companies Inc. announced today it reached an agreement with JPMorgan […]
John Brennan has joined Silver Lake Sumeru, the middle-market investment unit of Silver Lake Partners, as a managing director. He previously was a senior vice president with Adobe Systems, responsible for the company's platform software business. PRESS RELEASE Silver Lake Sumeru, Silver Lake's middle-market investment group, announced that John Brennan, former Senior Vice President […]