PE Hub Staff

DALLAS — Hicks, Muse, Tate & Furst Incorporated today announced that Charles W. Tate, a Partner of the firm and one of the four members of its Management Committee who played a key role in its growth, success and global expansion over the past decade, will retire from the firm as of June 30, 2002. […]

LOS ANGELES, CA — Internet Wire has announced that it has secured a $4 million financing round, which the company says will be sufficient to take it to profitability. Blue Chip Venture Company, a $600 million venture fund based in Cincinnati, Ohio, led the round, with original investors Sequoia Capital, Hummer Winblad Venture Partners, Osprey […]

SANTA MONICA, CA — Agensys, Inc. announced today that it completed a private placement financing for gross proceeds of $42.8million. JPMorgan H&Q acted as the exclusive placement agent and financialadvisor for the offering. Bear Stearns Health Innoventures (BSHI) was thelead investor, with Orbimed Advisors and Alta Partners as co-leads. Thefinancing was placed with an international […]

MALVERN, PA — City Signal Communications (CSC), delivering flexible metropolitan dark fiber networks in key Mid-Atlantic and Midwest markets of the United States, today announced that it has closed a $17 million third-round equity investment, led by MC Venture Partners and included additional investment by BB&T Capital Partners. As a result of the equity investment, […]

SWITZERLAND — Prime Edge Capital, the first Collateralized Private Equity Obligation (CPO) successfully completed its second closing, bringing total capital amount to EUR 175 million, with an investment capacity of EUR 280 million. The notes have a stated maturity of 12 years. To the extent that assets remain in Prime Edge after the senior noteholders […]

ALPHARETTA, GA — Wave7 Optics Inc., an innovative developer of optical access equipment for the fiber-to-the-home and business (FTTX) market, today announced that is has raised a second round of funding totaling $23 million, bringing the company’s total funds raised to $32 million. Advanced Technology Ventures led the Series B round with new investors Mellon […]

MINNEAPOLIS — In a planned transition to new leadership, St. Paul Venture Capital today named Zenas W. Hutcheson and David W. Stassen as the firm’s managing general partners, succeeding Patrick A. Hopf. The appointments are effective immediately. Hopf, 53, who founded St. Paul Venture Capital in 1988, will continue with the firm as a general […]

DERRY, NH — Cedar Point Communications, a New Hampshire company developing an innovative PacketCableT based telephony technology for cable system operators, announced today the completion of an initial round of $19 million in private equity financing. Charles River Ventures and Battery Ventures have committed capital to the development and commercialization of Cedar Point’s Cable Media […]

OAKLAND, CA — NightFire, the provisioning automation company, today announced that it has secured $11.7 million in its fourth round of funding. U.S. Venture Partners led the latest round, with Sequoia Capital, New Enterprise Associates and the Roda Group also increasing their investments in NightFire. SAN FRANCISCO — Reef, a global provider of Internet software […]

CUPERTINO, CA — Pluris, the leading developer of scalable, fault-tolerant routers for the Internet core, has raised $53 million in the initial closing of its latest financing round. JP Morgan Partners, ComVentures, and Crescendo Ventures co-led the round, which included participation from other existing investors. The company continues to pursue additional funding opportunities with new […]