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Get The Wire in your inbox each morning! Just send us an email. Masergy Communications Inc., a Dallas-based network service provider focused on the business market, has raised $31 million in Series B venture capital financing from existing backers Meritage Private Equity Funds and Centennial Ventures. The company had previously raised $67.6 million in a […]

Get The Wire in your inbox each morning! Just send us an email. Daniel Akerson, former chairman of XO Communications and a former partner with Forstmann Little & Co., will join The Carlyle Group on March 3 as a Washington DC-based managing director. He will focus on venture and buyout deals in North America. Prior […]

Thursday 2/20Get The Wire in your inbox each morning! Just send us an email. BattellePharma, a Columbus, Ohio-based pharmaceutical company focused on respiratory and systemic diseases, has completed a private placement of Series B Preferred Stock for $22 million. TL Ventures led the funding round that included new investors Merlin BioMed Group, Fletcher Spaght Ventures, […]

Get The Wire in your inbox each morning! Just send us an email. 3i Group likes to talk about its global private equity presence, but it seems to have decided that it can do without Japan. According to various reports, the London-based firm will shutter its Tokyo office, thus ending the 3i Asia Pacific Japan […]

Get The Wire in your inbox each morning! Just send us an email. The Phoenix Companies Inc. as agreed to sell off a $53.5 million portfolio of its venture capital limited partnership interests (approx. one quarter of its portfolio), along with unfounded commitments of $28.1 million. Half of the sale will go to unnamed third […]

Get The Wire in your inbox each morning! Just send us an email. Illinois Governor Rod Blagojevich yesterday began making good on his promise to launch a $200 million venture capital program (named the Illinois Opportunity Fund) for small local businesses. The man running the show will be new state economic affairs director Jack Lavin, […]

Get The Wire in your inbox each morning! Just send us an email. Intrinsic Therapeutics Inc., a Wilmington, Mass.-based developer of surgical equipment for use in spinal soft tissue repair, announced today that it has raised $25 million in Series C funding. Sprout Group led the investment, with previous investors New Enterprise Associates and Spray […]

Get The Wire in your inbox each morning! Just send us an email. Englefield Capital, a UK-based middle-market private equity shop launched last May, has closed its inaugural fund with €660 million. The group is run by former Warburg Pincus partner Dominic Shorthouse, who left the private equity giant in November 2000 over a disagreement […]

Get The Wire in your inbox each morning! Just send us an email. Klocwork Inc., an Ottawa-based software intelligence company, has raised $9.1 million in a Series B venture funding. U.S. Venture Partners led the round, and was joined by fellow new investors Cisco Systems Inc. and Duke University. First round backer Pequot Ventures also […]

Get The Wire in your inbox each morning! Just send us an email. Four venture-backed companies went public during the fourth quarter of 2002, according to data released yesterday by Venture Economics and the National Venture Capital Association. As of 12/31/2002, three of these four venture-backed companies were trading above their initial offering price. For […]