Southern Capitol Ventures of Raleigh, N.C. has closed its second fund with more than $15 million in capital commitments. www.southerncapitolventures.com
Omneon Video Networks Inc., a Sunnyvale, Calif.-based provider of digital content storage and processing systems for media companies, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol OMNE, with JPMorgan serving as sole bookrunner. Shareholders include Norwest Venture Partners, Accel Partners, Advanced Technology Ventures, Invesco Private Capital, […]
UK private shop HgCapital said it has raised 300 million Euros ($395 million) for a fund earmarked to finance renewable power projects across Europe, Dow Jones reports. Backers of the fund include Dutch pension fund PGGM and the California State Teachers' Retirement System. Portfolio companies in the Renewable Power Partners Fund include Wind Direct, developer […]
Investors in the India Power Fund may get tax breaks under a plan floated by the Power Ministry, according to The Economic Times. Under the proposal, up to 20% of contributions to the fund would be safe from income taxes for five years. The Power Finance Corporation Ltd. In India plans to establish the venture […]
Google Inc. plans to invest in Shenzhen Xunlei Network Technology Ltd, developer of systems that let Web surfers download videos, according to Industry Updates. Backers of the company include IDG Venture Capital and Morningside Asia Advisory Ltd. Google earlier this year made a big splash in online video with its 1.65 billion purchase of Youtube.com. […]
Medical Body Sculpting Inc. has raised $6.1 million in angel backing to open centers where people with extra fat can get the fat removed without surgery, according to VentureWire. The company promotes a treatment called “Lipo-dissolve,” in which “fat is removed by injecting a naturally occurring compound directly into the fat layer.” The company offers […]
Medical Consultants Inc., a company backed by Boston-based Parthenon Capital, has completed its merger with Advanced Data Processing Inc., bringing together two companies that provide medical billing services. Medical Consultants provides billing services to the emergency room departments of hospitals and physician groups; Advanced Data Processing provides billing services to emergency medical services agencies in […]
Eaton Corp. (NYSE: ETN) yesterday said it would buy AT Holdings Corp., parent of aerospace company Argo-Tech Corp., from Greenbriar Equity Group and Vestar Capital Partners, for $695 million. Argo-Tech, which employs 640 people, makes engine fuel pumps, airframe fuel pumps, and ground fueling systems used by operators of commercial and military airplanes. The company […]
Fabian Mansson, president and CEO of Eddie Bauer Holdings Inc., (NASD: EBHI) stands to collect more than $2.2 million from stock payments and a bonus if the company goes through with its agreed-to sale to Sun Capital partners Inc. and Golden Gate Capital. The two buyout shops agreed to pay $286 million in cash and […]
Delta Private Equity Partners, which backs fast-growing companies in Russia, plans to launch a third fund, this one with a $300 million target, in the next two or three months, PE Week Wire has learned. With offices in Moscow and New York, Delta Private Equity has invested about $400 million in 51 companies through The […]