PE Hub Staff

Get The Wire in your inbox each morning! Just send us an email. James Hearty has been fired as executive director of the Massachusetts Pension Reserve Investment Management Board (MassPRIM). The surprise move was made yesterday by Mass. Treasurer Tim Cahill, who told a Boston Globe reporter that he was frustrated  by Hearty’s continuing reluctance to release […]

Get The Wire in your inbox each morning! Just send us an email. SMaL Camera Technologies Inc., a Cambridge, Mass.-based developer of electronic imaging solutions, has raised $13.5 million in Series C financing. Carlyle Venture Partners led the deal, and was joined by fellow new investor Wasserstein Venture Capital. Other company backers include Stata Venture […]

Get The Wire in your inbox each morning! Just send us an email. Franklin Templeton Investments (NYSE: BEN) has agreed to acquire the remaining portion of Darby Overseas Investments Ltd. and Darby Overseas Partners which it does not already own, for $75.88 million in cash. Franklin currently owns 12.66% of Darby, which managed approximately $700 […]

Get The Wire in your inbox each morning! Just send us an email. InterDigital Communications Corp. (Nasdaq : IDCC) has acquired substantially all the assets of Tantivy Communications Inc., a Melbourne, Fla.-based provider of wireless data communications technology. The total price tag is $11.5 million, which includes approximately $10 million in cash and the cancellation […]

Get The Wire in your inbox each morning! Just send us an email. CellGate Inc., a Sunnyvale, Calif.-based developer of molecule transport-focused drug discovery, has raised $43.7 million in Series E funding at a post-money valuation of approximately $70 million. Investors included Sprout Group and return backers Healthcare Ventures and New Enterprise Associates. CellGate now […]

Get The Wire in your inbox each morning! Just send us an email. Rustic Canyon Partners has held a $130 million initial closing on a new SBIC fund that is slated for a Q3 final close of $175 million. The Los Angeles-based venture firm also announced that John Staenberg has signed on as a Seattle-based […]

Get The Wire in your inbox each morning! Just send us an email. Xenogen Corp., an Alameda, Calif.-based company focused on real-time in-vivo imaging, has raised $22 million in Series AA financing. The deal was led by new investor Abingworth Management, and included some undisclosed existing investors. The company – which filed to go public […]

Get The Wire in your inbox each morning! Just send us an email. The Carlyle Group has sold media wholesaler Baker & Taylor Corp. for $255 million to affiliates of Chicago-based buyout shop Willis Stein & Partners. Carlyle had acquired Baker & Taylor Books, Baker & Taylor Video and Soft Kat businesses from W.R. Grace […]

Get The Wire in your inbox each morning! Just send us an email. Rigel Pharmaceuticals Inc. (Nasdaq: RIGLD ) has received $46 million in a private placement of common stock and warrants from a quartet of life sciences-focused venture capital firms. The PIPE deal was led by MPM Capital, and also included Frazier Healthcare, Alta […]

Get The Wire in your inbox each morning! Just send us an email. Cogent Communications Group Inc. (AMEX: COI), a Washington-based optical Internet services provider, has raised $41 million in cash equity to fund company operations and debt restructuring. Over the last six months, Cogent has reduced its total debt from a face amount of […]