Khosla Ventures and ex-Citigroup CEO Pandit back Fundbox

San Francisco-based risk engine creator Fundbox has raised $17.5 million in funding. Khosla Ventures led the round with participation from investors that included SV Angels, former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer.


VC-backed Versartis raises $126 mln for IPO

Versartis has launched its IPO after pricing its 6 million shares at $21 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “VSAR.” Morgan Stanley and Citigroup are the lead underwriters. Based in Redwood City, Calif., Versartis is an endocrine-focused biopharmaceutical company focused on treating growth hormone deficiency. Its backers include Sofinnova Ventures, Aisling Capital, New Leaf Venture Partners and Advent Life Sciences.

Reuters – Citigroup Sheds PE, Hedge Fund Assets

Citigroup has sold more than $6 billion in private equity and hedge fund assets in the past month to comply with new regulations that limit such investments, the Wall Street Journal reported, writes Reuters. Citigroup last week sold a $4.3 billion private equity fund known as Citi Venture Capital International for an undisclosed price to Rohatyn Group, a private equity fund run by Nick Rohatyn, according to the Journal.

Warburg Pincus Agrees Primerica Share Sale

Warburg Pincus has agreed to sell 2,500,000 shares of Primerica‘s common stock in an underwritten public offering. Closing of the offering is expected to occur on February 15, 2013, subject to customary closing conditions. Citigroup is acting as book-running manager for the offering.

Reuters – Citi Pumps $138m into Cox & Kings Unit

The UK business of Indian tour operator Cox & Kings will receive $137.75 million in funds from a Citigroup venture capital arm to help it reduce debt, writes Reuters. Prometheon Holdings will use the capital to retire debt that it raised when it bought British specialist travel company Holidaybreak last July. Reuters – The UK […]

Reuters – India’s Just Dial files for IPO

Indian directory services provider Just Dial has filed fresh regulatory papers for an IPO, after earlier shelving a public offer, writes Reuters. Just Dial plans to sell 9.55 million shares in the IPO. The Indian units of Citigroup and Morgan Stanley are the book running lead managers to the offer, writes Reuters. Reuters – Indian […]

KKR Hires Singh to Grow KKR India PE

Kohlberg Kravis Roberts has hired Tashwinder Singh, a Citigroup official, as its director to grow KKR’s private equity and non-banking finance operations in India, writes Reuters. Singh has been with Citigroup for 18 years. Reuters – Kohlberg Kravis Roberts & Co. has hired Tashwinder Singh, a top official with Citigroup, as its director, the U.S. […]

Coley Named Head of Corporate Credit at Gleacher & Co.

Geoffrey Coley was named head of Gleacher & Company Securities’ corporate credit group.Coley is the former co-head of global fixed income at Citigroup. Gleacher & Company Securities is the broker–dealer subsidiary of Gleacher & Co. PRESS RELEASE Gleacher & Company Securities, Inc., a broker–dealer subsidiary of Gleacher & Company, Inc. (Nasdaq: GLCH), today announced that […]

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