Vitruvian Capital, a UK-based firm formed last year by ex-Apax pro Toby Wyles, has held a Euro 424 million first close on its inaugural fund, according to PrivateEquityOnline.
Intel Capital has promoted Sudheer Kuppam to managing director of India, Japan, Australia and Southeast Asia. He previously was director of the firm's Flash Memory and Semiconductor unit.
Paul Capital Partners has promoted Simon Guenzl to the position of partner on the firm's secondary team. He joined the firm as a principal in 2003, after having been with The Sprout Group. www.paulcap.com
Glu Mobile Inc., a San Mateo, Calif.-based mobile game publisher, priced 7.3 million common shares for $11.50 per share ($10-$12 range), for an IPO take of approximately $84 million. The IPO gives Glu Mobile an initial market cap of around $327 million. It will trade on the Nasdaq under ticker symbol GLUU, while Goldman Sachs […]
Eisai Company Ltd. (TSE: 4523) has agreed to acquire Morphotek Inc., an Exton, Pa.
Magnum Venture Capital Fund has changed its name to Magma Venture Partners. The firm focuses on early-stage Israeli opportunities in the communications and semiconductor spaces. www.magmavc.com
AIG Global Investment Group is opening an office in Tianjin, China. It will be the group's second China office, following a Shanghai satellite established in 2002. www.aig.com
RREEF Alternative Investments, a unit of Deutsche Bank Asset Management, has closed its inaugural secondaries fund with $775 million in capital commitments. As part of the closing, RREEF has agreed to purchase a “seed portfolio” of 97 private equity fund interests from Deutsche Bank for $415 million. Going forward, the fund will acquire secondary positions […]
Snowdon Inc., a New Brunswick, N.J.-based drug startup, has raised $500,000 from Foundation Venture Capital Group, a firm formed last year to support startups developing technology from the University of Medicine and Dentistry of New Jersey. www.snowdonpharma.com
Vulcan Capital of Seattle and Bankers' Capital Group of Atlanta have agreed to form Vulcan Bankers Group LLC, a joint venture that will identify, acquire and manage banking sector in the Southeastern United States. www.capital.vulcan.com