Filip Rensky and Teresa Teague have joined the financial sponsors group at Banc of America Securities as managing directors. They previously had been with Goldman Sachs. www.bankofamerica.com
Sami Hamade and Darren Hite have joined Aberdare Ventures as a healthcare-focused partner and associate, respectively, according to VentureWire. Hamade is a former vice president with Guidant Corp., while Hite was an analyst with Robertson Stephens. www.aberdare.com
Zurich Alternative Asset Management has been formed to manage the alternative holdings
L1 is launching as a Seattle-based hedge fund, to be managed by: Rich Barton, CEO of Zillow.com and a Benchmark Capital venture partners; Nick Hanauer, co-founder of Second Avenue Partners and J.D. Delafield, CEO of Delafield Hambrecht. The news was first reported by the Seattle Post-Intelligencer.
Fulbright & Jaworski LLP is opening an office in Beijing, which will focus on cross-border transactional work
Oracle Corp. (Nasdaq: ORCL) has acquired San Francisco-based revenue and operations management software company SPL WorldGgroup from GFI Energy Ventures. No financial terms were disclosed. www.oracle.com www.splwg.com
The HealthCentral Network, an Arlington, Va.-based online provider of health and wellness information, has acquired The FoodFit Co., operator of a nutrition and active lifestyle website. No financial terms were disclosed. HealthCentral Network has raised around $36 million in VC funding from Carlyle Venture Partners, Polaris Venture Partners and Sequoia Capital. FoodFit was backed by […]
OrbComm Inc., a Ft. Lee, N.J.-based operator of a commercial wireless messaging system for narrowband communications, priced 9.2 million common shares at $11 per share ($12-$14 range), for an IPO take of $101.2 million. It will trade on the Nasdaq under ticker symbol ORBC, while UBS and Morgan Stanley served as co-lead underwriters. The company […]
U.S. Auto Parts Network Inc., a Carson, Calif.-based provider of aftermarket auto parts, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol PRTS, with RBC Capital Markets and Thomas Weisel Partners serving as co-lead underwriters. Oak Investment Partners holds a 30.4% pre-IPO stake. www.usautoparts.net
Otis Spunkmeyer Inc., a San Leandro, Calif.-based cookie company, has withdrawn registration for a proposed $230 million IPO. The company says that it instead has reached a merger agreement with Ireland-based IAWS Group. Otis Spunkmeyer has been controlled by Code, Hennessey & Simmons since August 2002, with CIBC and Goldman Sachs holding minority positions. www.spunkmeyer.com