Patrick Siewert and Herman Chang have joined The Carlyle Group as senior directors focused on Asia. Siewert previously was Coca Cola's most senior executive in Asia, and will focus on consumer-related opportunities out of Hong Kong. Chang previously was a top manager with Delphi in Asia, and will focus on industrial opportunities out of Shanghai. […]
Radius, a Cambridge, Mass.-based drug company focused on osteoporosis and women's health, has raised $57.5 million in second-round funding. The Wellcome Trust and existing investor MPM Capital co-led the deal. Other new backers included BB Biotech Ventures and Scottish Widows Investment Partnership, while other returnees included HealthCare Ventures and Oxford Bioscience Partners. The company previously […]
Vintage Venture Partners, an Israel-based secondary firm, has closed its third fund with $125 million in capital commitments. The fund will acquire limited partner interests of Israel-related venture capital funds and private equity funds, and direct portfolios of Israel-related technology investments. www.vintageventures.com
Bay City Capital, a San Francisco-based VC firm, is pre-marketing its fifth fund with a $425 million target. Bay City Capital Fund IV closed in 2004 with $350 million.
CIT Group Inc. has agreed to acquire the U.S. Business Technology Finance unit of Citigroup Inc. No financial terms were disclosed, except that the unit's total assets are approximately $2 billion. www.cit.com
The Carlyle Group has agreed to sell Landmark Aviation and Standard Aero to Dubai Aerospace Enterprise. The transaction is valued at $1.8 billion, with around $1.03 billion being used for the Standard Aero acquisition. Tempe, Ariz.-based Landmark provides aircraft maintenance services, while Winnipeg-based Standard Aero provides repair services at airport terminals. Doughty Hanson is also […]
Mimosa Systems Inc., a Santa Clara, Calif.-based email archiving company, has raised $17 million in Series C funding. Mayfield led the deal, and was joined by return backers August Capital, Clearstone Venture Partners and Jafco Ventures. The company previously had raised over $17 million since 2004. www.mimosasystems.com
Vyatta Inc., a San Mateo, Calif.-based maker of open-source routers, has raised $11 million in Series B funding. Comcast Interactive Capital led the deal, and was joined by return backers ArrowPath Venture Partners, ComVentures and JPMorgan Partners. The company had raised a $7.5 million Series A round last September. www.vyatta.com
Netuitive Inc., a Reston, Va.-based provider of real-time analysis software for business service management, has raised $8 million in Series D funding. MK Capital led the deal, which was first reported by the Washington Business Journal. Other participants included Cross Creek Capital and return backers Bessemer Venture Partners, Columbia Capital, Flagship Ventures, Noro-Moseley Partner and […]
Scrapblog, a Miami, Fla.-based provider of an online service for creating and sharing multimedia scrapbooks, said that it has raised an undisclosed amount of Series A funding led by Longworth Venture Partners. A regulatory filing had indicated that the company was seeking $2.5 million. www.scrapblog.com