Human Resources

HealthSouth Corp. (OTC BB: HLSH) has agreed to replace five members of its board of directors, as part of a settlement reached with the Teachers Retirement System of Louisiana. Among the soon-to-be-departed from HealthSouth are Charles Newhall, a general partner and co-founder of New Enterprise Associates, and Sage Givens, a managing director with Acacia Venture […]

Get The Wire in your inbox each morning! Just send us an email.   Patricia Lipton has decided to retire as executive director of the State of Wisconsin Investment Board (SWIB), effective January 2. She has served in the position since 1989, but recently ran into some controversy surrounding a large severance package given to […]

Get The Wire in your inbox each morning! Just send us an email. Intercell AG, a Vienna, Austria-based developer of vaccines for infectious diseases and cancer, has raised $16 million in additional Series C round funding. The company had previously announced a $34 million first close on the round (July 2003) that had been led […]

Get The Wire in your inbox each morning! Just send us an email. General Atlantic Partners has agreed to invest $125 million for a minority position in Archipelago Holdings LLC, a Chicago-based all-electronic stock exchange operator. Additional terms of the investment were not disclosed, except that Bill Ford of General Atlantic will join the Archipelago […]

Hey PE Week Wire readers. Glad to see you on the Web site. As promised, here is a reprint of last Wednesday’s Wire commentary, and the emails that followed… ——————— This past March, Venture Capital Journal columnist Ravi Chiruvolu (who moonlights as a general partner with Charter Venture Capital) wrote the following: “Startups funded today should […]

Get The Wire in your inbox each morning! Just send us an email. Austin Ventures (AV) will close its remaining Dallas office, according to various press reports. The firm has asked four investment professionals – including general partner Ed Olkkola – to relocate to Austin, while several lower-level staffers will be laid off. Back in […]

Get The Wire in your inbox each morning! Just send us an email. Walter Industries Inc. (NYSE: WLT) has agreed to sell its JW Aluminum Co. subsidiary to Wellspring Capital for $125 million. The deal is expected to close before year-end. JW Aluminum is a Mount Holly, S.C.-based manufacturer of specialty flat-rolled aluminum products including […]

Get The Wire in your inbox each morning! Just send us an email. Digital Insights Corp. (Nasdaq: DGIN) has agreed to acquire Magnet Communications Inc., an Atlanta-based provider of online cash management and business banking solutions. The purchase consideration includes $33.5 million in cash, plus 1.45 million shares of Digital Insight common stock, which closed […]

Get The Wire in your inbox each morning! Just send us an email. Apollo Management has agreed to acquire Pittsburgh-based supplement chain GNC for $750 million. The seller is Dutch food company Royal Numico NV, which says that the divestiture will help it better focus on its core businesses. The deal is expected to close […]

Get The Wire in your inbox each morning! Just send us an email. Neartek Inc., a Westborough, Mass.-based provider of tape storage software solutions for mixed computing environments, has raised $8 million in new venture capital funding. The deal is an extension of an earlier Series C round, which closed in early 2002 with $27 […]