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PE Hub Staff

Get The Wire in your inbox each morning! Just send us an email. Kinetic Concepts Inc., a San Antonio-based medical technology company focused on wound care and therapeutic surfaces, has filed to raise up to $460 million via an initial public offering on the NYSE under proposed ticker symbol KCI. Company shareholders include Fremont Partners, […]
Get The Wire in your inbox each morning! Just send us an email. John Sidgmore has passed away at the age of 52. Sidgmore is best known as the Worldcom CEO who revealed the telecom giant’s accounting troubles in early 2002, just weeks after taking over the top post. He currently serves as a venture […]
Get The Wire in your inbox each morning! Just send us an email. Progress Software Corp. (Nasdaq: PRGS) has agreed to acquire DataDirect Technologies Ltd., a Rockville, Md.-based provider of standards-based data access components for software developers. The purchase price is approximately $88 million in cash, and the deal is expected to close within 60 days. […]
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 […]
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