Liang Meng has agreed to join D.E. Shaw & Co. as CEO of the firm's China business, according to The Wall Street Journal. Meng currently serves as co-head of China I-banking with J.P. Morgan Chase & Co.
Arques Industries AG, a German venture capital firm, said that CFO Martin Vorderwuelbecke will take over as CEO, effective May 1. Current CEO Peter Lowe is leaving due to “personal reasons.” www.arques.de
Broadcasting Media Partners said that OMD Worldwide CEO Joe Uva will become CEO of Spanish-language broadcaster Univison Communications Inc. (NYSE: UVN), following the completion of their $12.3 billion public-to-private buyout. BMP includes Haim Saban, Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners. www.univision.com
BigBand Networks Inc., a Redwood City, Calif.-based provider of broadband multimedia service routers, began its IPO road-show this week, and is expected to price the week of March 12. The offering is designed to raise upwards of $128 million, with Morgan Stanley and Merrill Lynch serving as co-lead underwriters. BigBand has raised $100 million in […]
Mark Ashida has joined OVP Venture Partners as a partner, with a focus on the security, networking and infrastructure spaces. He previously was with Microsoft as general manager of Windows enterprise networking. Before that, he was COO of InterTrust, a public digital rights management company sold to Philips in 2002. www.ovp.com
JDS Uniphase Corp. (Nasdaq: JDSU) has agreed to acquire Picolight Inc., a Boulder, Colo.-based maker of optical transceivers and components. The deal includes an initial $115 million payment in JDS stock, plus up to $10 million in cash earn-outs. Picolight has raised around $124 million in total VC funding since its 1996 inception, with current […]
W.P. Carey International has acquired a portfolio of 61 French logistics properties through a sale and leaseback transaction with the Fraikin Group, a portfolio company of CVC Capital Partners, for $68 million. The properties total more than one million square feet, and include locations in Paris, Lille and Marseille. www.wpcarey.com
Scott Ryles has joined Cowen Group Inc. (Nasdaq: COWN) as vice chairman. He previously was CEO of Procinea Management. www.cowengroup.com
Trius Therapeutics Inc., a San Diego-based developer of antibacterial drugs for the treatment of serious infections, has raised $20 million in Series A funding. Sofinnova Ventures led the deal, and was joined by InterWest Partners, Prism VentureWorks and Versant Ventures. The company previously was known as Rx3 Pharmaceuticals. www.triusrx.com
Sterling Planet of Atlanta has raised an undisclosed amount of Series B funding from Low Carbon Accelerator Ltd. of London. VentureWire puts the round amount at $7 million. Sterling Planet is a retail provider of solar, wind and other clean, renewable energy through direct sales and electric utility partnerships. www.sterlingplanet.com