James Howland has joined Morgan Stanley Private Equity as a managing director and operating partner. He previously was president of Dun & Bradstreet. PRESS RELEASE Morgan Stanley announced today that it has appointed James Howland as a Managing Director and Operating Partner for Morgan Stanley Private Equity, the Firm's global private equity business. Mr. Howland […]
Natural Gas Partners has closed its ninth fund with $4 billion in capital commitments. The an Irving, Texas-based private equity firm focuses on upstream energy assets, and already has committed around $550 million of the new fund for nine companies. Its prior fund closed on $1.3 billion in 2005. PRESS RELEASE Natural Gas […]
Nuprecon, a Snoqualmie, Wash.-based demolition contractor owned by Evergreen Pacific Partners, has merged with fellow demolition contractor CRS Environmental, which is based in Brea, California. No financial terms were disclosed. Evergreen Pacific provided equity for the deal, while debt was provided by Banc of America Capital Solutions, Prudential Capital Group and Prudential Capital Partners. Houlihan […]
Industrial Growth Partners has agreed to sell Microporous Products to Polypore International Inc. (NYSE: PPO) for approximately $76 million. Microporous is a Piney Flats, Tenn.-based maker of rubber and polyethylene battery separators for the lead-acid battery industry. It expects 2008 sales of between $580 million and $605 million. PRESS RELEASE Polypore International, Inc. (NYSE:PPO) […]
Cellcom Telecommunications Ltd., a mobile carrier operating in West Africa, has raised $20 million from Emerging Capital Partners. The funds will be used to expand Cellcom's network and operations in Liberia, and to launch service in Guinea and Sierra Leone. PRESS RELEASE Emerging Capital Partners (ECP), an international private equity firm focused on investing […]
ManiaTV Network Inc., a Denver-based Internet television network, has raised $5.5 million in Series C funding, according to a regulatory filing. DAG Ventures led the round, and was joined by return backers Benchmark Capital, Centennial Ventures and Intel Capital. ManiaTV has now raised around $23 million in total VC funding since late 2004. www.maniatv.com
Taylor Nelson Sofres PLC has agreed to acquire Compete Inc., a Boston-based provider of website analytics. The deal is valued at up to $150 million in cash, including a $75 million up-front payment and $75 million in earn-outs. Compete recorded 2007 revenue of $14.9 million, which represented 50% growth over 2006. The company has raised […]
Pfizer Inc. has agreed to acquire Serenex Inc., a Durham, N.C.-based oncology drug company. No financial terms were disclosed. Serenex has raised around $60 million in VC funding since 2001, from firms like Cornell Capital Partners, Pearl Street Ventures, MC Life Science Ventures, Pac-Link Bio Venture Capital, Ritchie Capital, Intersouth Partners, Lilly Ventures, Mediphase Venture […]
Qcept Technologies Inc., an Atlanta-based maker of wafer inspection systems for the semiconductor manufacturing industry, has raised $9.5 million in Series C funding. Existing shareholder Siemens Venture Capital led the round. Qcept has now raised nearly $25 million in total VC funding. PRESS RELEASE Qcept Technologies Inc., the developer of a new breed of wafer […]
Austin Ventures has promoted Thomas Ball and David Lack to the position of partner. Ball joined AV in 2005, and focuses on early-stage IT opportunities. Lack joined in 2002, and focuses on growth equity deals. PRESS RELEASE Austin Ventures, “AV”, a leading $3 billion venture capital and growth equity firm, today announced the […]