Herald Chen has left Fox Paine & Co., where he had served as a managing director, according to Buyouts Magazine. Chen had joined Fox Paine in late 2002, after having co-founded Jamcracker Inc. with Exodus Communications founder K.B. “Chandra” Chandrasekhar. www.foxpaine.com
Joshua Green, a partner with law firm Heller Ehrman, has agreed to join Mohr Davidow Ventures as a partner focused on cleantech opportunities. www.mdv.com
John Manzetti has been named president and CEO of the Pittsburgh Life Sciences Greenhouse. He had joined the group in July as an executive-in-residence, and was named chief operating officer in September. Manzetti previously had served as president and CEO of NOMOS Corp., a provider of radiation therapy for cancer patients. www.pittsburghlifesciences.com
Paul Capital of San Francisco has added a corporate development team to focus on capital formation and investor relations. The three-person team includes: Jay Backstrand, vice president and former CEO of VolunteerMatch; Clare Canale, marketing manager who previously was with Charles Schwab & Co.'s strategic trading group and; Brian DeFee, and associate who recently completed […]
Peter Combe, former chairman of financial sponsors and co-head of leveraged finance with Lehman Brothers, has joined Permira to run a new debt practice, according to Private Equity Online. www.permira.com
Brian Sherer has joined SVB Silicon Valley Bank as a managing director of corporate finance. He previously was a senior vice president at Wells Fargo Foothill, where he focused on private equity-backed acquisition financing. www.svb.com
Alvaro de Molina has resigned as chief financial officer of Bank of America, after just 18 months on the job. He says that he hopes to either become a CEO or run a private equity or hedge fund. Joe Price, head of risk management for global corporate and I-banking, will take on the CFO role. […]
Paul Walborsky has joined Hercules Technology Growth Capital as a managing director in the firm's technology group. He previously founded and served as CEO of Grupo Arca, a membership club for Hispanics in the United States. www.htgc.com
Ripplewood Holdings said that it will name Mary Berner as president and CEO of The Reader's Digest Association, following the completion of Ripplewood's public-to-private buyout of the company. Ripplewood executive chairman Harvey Golub will become Reader's Digest chairman, while current Reader's Digest president and CEO Eric Schrier is in talks to assume a “strategic role […]
Qualcomm Inc. (Nasdaq: QCOM) has agreed to acquire Airgo Networks Inc., a Palo Alto, Calif.-based WLAN technology provider. No financial terms were disclosed. Airgo had raised around $144 million in total VC funding since its 2001 inception, including a tranched-out $55 million Series E deal at a post-money valuation of around $287 million. Backers include […]