Validus Holdings Ltd., a Bermuda-based reinsurance company, has increased its proposed IPO target from $200 million to $350 million. No specific terms have been disclosed. Validus plans to trade on the NYSE under ticker symbol VR, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. It was formed in October 2005, with funding from […]
BP and PGGM, the two largest pension schemes in the Netherlands and two of the largest in the world, have awarded their joint venture private equity investment manager AlpInvest a 500 mln eur mandate to be invested clean technology. The two schemes announced their first joint investments for sustainable investment in unlisted companies in a […]
Wendel Investissement executive board chairman Jean-Bernard Lafonta said the planned initial public offering for part of its Bureau Veritas unit will take place by “the end of the year.” Lafonta, who was talking at today's shareholders' meeting, had confirmed the plan to sell off part of the unit in an interview with today's issue of […]
EMC Corp. has acquired Verid Inc., a Fort Lauderdale, Fla.-based provider of identity verification solutions. No financial terms were disclosed. Verid has raised over $13 million in VC funding from firms like Fidelity Ventures and CIBC Capital Partners. www.verid.com
Adveq, a Swiss private equity fund-of-funds manager, has opened a U.S. office in New York. Several of Adveq's Zurich-based staffers will relocate, and be joined by new hires Lee Gardella and Steven Yang. Gardella will serve as executive director, and previously was a managing director of private markets at CTC Consulting. Yang will serve as […]
Brash Entertainment LLC, a Los Angeles-based publisher of videogames based on movies and other entertainment properties, has raised $400 million in startup funding. Abry Partners led the deal, and was joined by New York Life Capital Partners and PPM America.
Stretch Inc., a Sunnyvale, Calif.-based maker of software-configurable processors, has raised $12 million in Series B funding. Participants include Worldview Technology Partners, Oak Investment Partners and Menlo Ventures. www.stretchinc.com
Oversee.net, a Los Angeles-based online marketing company, has agreed to acquire SnapNames Inc., a Portland, Ore.-based operator of expired and deleting domain names. No financial terms were disclosed for the deal, which is expected to close within the next few weeks. SnapNames had raised nearly $9 million in VC funding since its 2000 inception, from […]
IAC/InterActive, the New York-based media and ecommerce conglomerate headed by Barry Diller, is launching a venture capital unit called Primal Ventures, according to The San Jose Mercury News. The effort will be led by former Match.com CEO Jim Safka, who is relocating from Dallas to San Francisco. www.iac.com
Shackleton Ventures has acquired a portfolio of nine venture capital investments from 3i Group, including Creditcall Communications. No financial terms were disclosed for the deal, which is Shackleton's second portfolio acquisition from 3i in the past three months. www.shackletonventures.com www.3i.com