Buffets Inc., an Egan, Minn.-based portfolio company of Caxton-Iseman Capital, has completed its $16.25 per share acquisition of Ryan's Restaurant Group Inc. (formerly Nasdaq: RYAN). Leverage for the deal was arranged by Credit Suisse Securities, UBS Securities and Goldman, Sachs & Co., which resulted in a full refinancing of Buffets' and Ryan's existing debt; and […]
GlobalStar Inc., a Milpitas, Calif.-based provider of voice and data communications services via satellite, priced 7.5 million common shares at $17 per share, for an IPO take of approximately $127.5 million. The company had been planning to price 6.5 million shares between $16 and $18 per share. It will trade on the Nasdaq under ticker […]
MobiTV Inc., an Emeryville, Calif.-based provider of mobile and broadband television and music services, has raised $30 million in additional Series C funding. The total round now comes in at $100 million, with a post-money valuation in excess of $400 million. Adobe Systems and Hearst Corp. came in as new backers, while existing shareholders include […]
Allot Communications Ltd., an Israel-based provider of broadband service optimization solutions using DPI technology, has filed for an IPO of 6.5 million ordinary shares to be sold at between $9 and $11 per share. It plans to trade on the Nasdaq under ticker symbol ALLT, with Lehman Brothers and Deutsche Bank Securities serving as co-lead […]
Clear Channel Communications (NYSE: CCU) has retained Goldman Sachs to evaluate “various strategic alternatives to enhance shareholder value.” One such alternative could be an $18.5 billion buyout, with interested firms including Blackstone, KKR, Providence Equity Partners and Thomas H. Lee Partners. www.clearchannel.com Apax Partners France has agreed to acquire Telenor Satellite Services from Telenor (Nasdaq: […]
The Blackstone Group and PAI Partners have agreed to buy UK-based biscuits maker United Biscuits from Cinven and MidOcean Partners. The deal is valued at just over ₤1.6 billion, and gives United Biscuits an enterprise value of around ₤2.4 billion. Blackstone had been considered the leading bidder for several weeks, after a Premier Foods-led group […]
Q3 Venture Capital Totals: Venture Capitalists invested $6.2 billion in 797 deals in Q3 of 2006, a decrease of eight percent from Q2, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data by Thomson Financial (publisher of PEW Wire ). The quarter saw increased investment in seed and […]
Jingle Networks Inc., a Menlo Park, Calif.
Miasole Inc., a Santa Clara, Calif.-based developer of thin-film solar cells, has raised $35 million in Series C funding, according to VentureWire. No participant information was disclosed, although the company previously had raised over $21 million from firms like Kleiner Perkins Caufield & Byers, Bessemer Venture Partners and VantagePoint Venture Partners. www.miasole.com
Action Pharma AS, a Swedish drug company focused on cardiovascular diseases and diabetes, has raised �6 million in first-round funding. The deal also includes an option for an additional �3 million. Backers include InnovationsKapital, Growth Foundation and Incuba Ventures. www.actionpharma.com