Will Weisman has left Maveron, where he was a principal, in order to take an operating role with an undisclosed company. www.maveron.com
Hertz Global Holdings Inc., a Park Ridge, N.J.-based automobile and equipment rental company, has set its proposed IPO terms to 88.235 million common shares being offered at between $16 and $18 per share. This could make the deal worth up to $1.8 billion (including underwriters' options), compared to an original S-1 filing for $1 billion. Hertz […]
CalPERS has committed $400 million to Centinela Capital Partners, which will oversee a new private equity fund-of-funds for emerging managers. The managers will be from across the private equity spectrum, including venture capital, expansion capital and leveraged buyouts. Centinela was founded by Cesar Baez, previously with Deutsche Bank Asset Management and a former head of […]
KKR has withdrawn its Au$18.2 billion buyout offer for Australian retailer Coles Myer, after the bid was rejected by Coles Myer's board. The KKR consortium had included Bain Capital, Carlyle Group, CVC Capital Partners, TPG and Pacific Equity Partners. It would have been the largest-ever leveraged buyout of an Australian company. www.colesmyer.com Xencor Inc., a […]
Right Media Inc., a New York-based online advertising marketplace, has raised $45 million in Series B funding. Yahoo Inc. led the deal in exchange for a 20% ownership stake, while return backer Redpoint Ventures also participated. www.rightmedia.com Cognetas (f.k.a. Electra Partners Europe) has sold UK retailer BWG to company management for
Macquarie Bank has won the auction for RWE AG's Thames Water unit, with a
The Carlyle Group and Providence Equity Partners have agreed to acquire Open Solutions Inc. (Nasdaq: OPEN), a Glastonbury, Conn.
Morphotek Inc., an Exton, Pa.-based drug company focused on therapeutic monoclonal antibodies, has raised $40 million in Series D funding. Investor Growth Capital led the deal, and was joined by MDS Capital, Hunt BioVentures and return backers Forward Ventures, Morgenthaler Ventures, SR One, Flagship Ventures, Burrill & Co., CB Health Ventures and Rock Maple Ventures. […]
Amyris Biotechnologies Inc., an Emeryville, Calif.-based synthetic biology company focused on the development of pharmaceuticals, fine chemicals and biofuels, has raised $20 million in Series A funding. Khosla Ventures led the deal, and was joined by Kleiner Perkins Caufield & Byers and TPG Ventures. In related news, Amyris appointed John Melo as CEO. He previously […]
Texas Pacific Group and AXA Private Equity have agreed to acquire a 60% stake in TDF SA, a France-based operator of radio and television broadcast towers. The Wall Street Journal pegs the transaction price at around