Aspen Insurance Holdings Ltd. (NYSE:AHL) has agreed to repurchase approximately $156 million of its ordinary shares, representing approximately 5.9 million shares, from founding shareholders The Blackstone Group and CSFB Private Equity. The shares are to be repurchased at a price per share of $26.50, representing a 1.7% discount to the closing price on November 30, […]
Mike Partsch has left Accuitive Medical Ventures, where he had been a managing director. In other Accuitive news, the firm has added Rudy Mazzocchi as a venture partner. Mazzocchi is the former founder and CEO of Image-Guided Neurologics (acquired by Medtronic in August 2005), and also will serve as vice president of business development with […]
Alliance Semiconductor Corp. has agreed to sell its portfolio of venture capital LP and GP interests to QTV Capital Ltd. for $123.6 million in cash. The transaction is expected to close by the end of Q1 2007, and does not include the sale of Alliance's interests held by Solar Venture Partners. QTV's financial partner on […]
This week's IPO calendar includes expected pricings from Transforma Acquisition Group Inc., Allegiant Travel Co., Aegean Marine Petroleum Network Inc. and Heelys Inc. IPG Photonics Group is scheduled to price next week.
Dayton Superior Corp., a Dayton, Ohio-based concrete forming and shoring rental company, has set its proposed IPO terms to 7.85 million common shares being offered at between $13 and $15 per share. It plans to trade on the Nasdaq under ticker symbol DSUP, with Robert W. Baird & Co. serving as lead underwriter. Odyssey Investment […]
BitTorrent, a San Francisco-based file-sharing company, announced that it has raised $20 million in second-round funding. Accel Partners led the deal, with return backer DCM also participating. peHUB.com reported earlier this week that the round would be $25 million, and stands by that reporting. We are told that the extra $5 million is being left […]
Xanthus Pharmaceuticals Inc., a Cambridge, Mass.-based oncology drug development company, has raised $25 million in additional Series B funding. Return backers include HealthCare Ventures, GeneChem, GIMV, Hambrecht & Quist Capital Management, Still River Fund, Neomed, Kestrel Ventures, CDP Capital, CDIB BioScience Ventures and Yasuda. Xanthus has now raised $88 million in total VC funding. www.xanthus.com
BoneSupport AB, a Lund, Sweden-based maker of injectable ceramic bone substitutes, has raised around $19.79 million from HealthCap and NBGI Ventures. www.bonesupport.com
IDG Venture Capital is in talks with News Corp. to help bring MySpace to China, according to The Wall Street Journal.
Catalytic Solutions Inc., an Oxnard, Calif.-based maker of catalytic converter products, has completed an IPO on the AIM. It will trade under ticker symbol CTS, and will have a market cap of around Gbp78.5 million. Catalytic Solutions has raised over $82 million in total VC funding, from firms like Cycad Group, Ngen, Cinergy Ventures, GE […]