Univision has agreed to sell its music recording unit to Universal Music Group. No financial terms were disclosed, although the LA Times reports a sales price of nearly $140 million. Univision was acquired last year for $12.3 billion by Madison Dearborn Partners, Providence Equity Partners, Haim Saban, Thomas H. Lee Partners and TPG Capital. www.univision.com
Rick Anderson has joined venture capital firm PTV Sciences as a managing director. He previously was company group chairman for Johnson & Johnson, and worldwide franchise chairman for Cordis Corp. www.ptvsciences.com
First Reserve Corp. next month will begin raising its twelfth fund with a $12 billion target, according to LBO Wire. A final close is expected in Q1 2009, as its current $7.8 billion fund was only 48% invested at the end of 2007. First Reserve is a private equity firm focused on the energy market. […]
iSoftStone Information Service Corp., a Beijing-based provider of IT consulting and software services, has agreed to acquire Akona Consulting, a Seattle-based business and technology consultancy. No financial terms were disclosed. iSoftStone has raised VC funding from AsiaVest Partners, Infotech Ventures, Mitsui & Co. and Fidelity Asia Ventures. PRESS RELEASE Today iSoftStone Information Service […]
Monitoring Division Inc., a provider of networking performance monitoring, has raised $3.85 million in first-round funding. Starfish Ventures and National ICT Australia co-led the round. Monitoring Division has offices in both Silicon Valley and Australia. PRESS RELEASE Monitoring Division, Inc., a revolutionary network performance monitoring company launched this month, today announced at The Optical […]
Arthrosurface Inc., a Franklin, Mass.-based developer of joint resurfacing systems, has raised approximately $4 million in Series F funding. Return backers include Boston Millennia Partners. Arthrosurface has now raised around $31 million in private equity. PRESS RELEASE Arthrosurface, Inc. (http://www.arthrosurface.com/), the developer of less-invasive joint resurfacing systems, has announced that it has raised […]
Arriva Pharmaceuticals Inc., an Alameda, Calif.-based developer of anti-inflammatory therapies for treating respiratory disease, has raised $6 million in new funding from Nordic Biotech and return backer MPM Capital. The company has now raised $81 million in total funding. www.arrivapharma.com
Akimbo, a San Mateo, Calif.-based online video technology company, has raised $8 million in fourth-round funding. Return backers include AT&T, Blueprint Ventures, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers and Zone Ventures. The company has now raised around $56 million in total VC funding since 1999. www.akimbo.com
George Bischof has joined Meritech Capital Partners as a managing director. He had spent the past eight years as a general partner with Focus Ventures, where he focused on enterprise infrastructure, digital media and technology enabled services companies. Among his portfolio companies were Isilon Systems, EqualLogic, G-Log and Wily Technology. PRESS RELEASE Meritech […]
Vestar Capital Partners has promoted Peter Calamari to principal and Brendan Spillane to executive vice president. Calamari joined Vestar in 1999, and previously was a vice president in the firm's consumer group. Spillane joined as a vice president in 2006, and will continue to serve as corporate CFO. PRESS RELEASEVestar Capital Partners, a leading […]