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WebMethods Integrates $12M Financing

19 years ago

In the interest of leveraging the ubiquity of the Internet for business-to-business supply retailers, WebMethods Inc. of Fairfax, Va., raised $12 million recently in a third round of venture financing. Goldman Sachs Group Inc. led the financing, joining existing investors Mayfield Fund and FBR Technology Venture Partners LP and one new institutional investor, said Caren […]

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Disbursements Smash Quarterly Record

19 years ago

Whoosh! According to numbers released by Venture Economics Information Services, the second quarter saw 958 companies receive $7.562 billion in financing. The number of companies funded surpassed the fourth quarter of 1998, when 944 companies received venture investments, and the amount invested in these companies cruised easily past that quarter’s $5.109 billion. In fact, the […]

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Newbridge Closes Second Asian Fund

19 years ago

Newbridge Capital Group of San Francisco held a final close July 23 on its second Asian-focused partnership, the $392 million Newbridge Asia II LP. Newbridge had held the first close on the fund in May 1998, raising $145 million from existing limited partners, including GE Capital and Metropolitan Life. The firm did not begin marketing […]

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News – UOB, Greenoak Launch Euro Fund-of-Funds

19 years ago

Intending to capitalize on the support new European public equity markets have begun to provide entrepreneurs, UOB Global Capital LLC, a member of the United Overseas Bank Group of Singapore, and Greenoak Capital Management Ltd. of London joined forces last month to launch a fund-of-funds with a euro300 million target. While much private equity attention […]

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Beauty Lies in Eye of the Investor

19 years ago

Hoping to secure a leadership position in the increasingly competitive category of online beauty supplies, Eve.com of San Francisco last month raised $17.5 million in its third round of venture capital financing. The Series C round was led by first-time investor Weiss, Peck & Greer Venture Partners. Existing investors Menlo Ventures and Charter Venture Capital […]

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Insurance Holdings Raises $67M Round

19 years ago

Insurance Holdings of America Inc. (IHA) of Beverly, Mass., raised $67 million in what will likely be a final round of private financing. Ford Motor Credit was the lead equity investor, reportedly investing $50 million in IHA, which develops and retails financial service technology. Additional equity commitments came from funds managed by Prospector Partners of […]

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Ecircles.com Raises $18M Plans IPO

19 years ago

In what will likely be its final round of private equity financing prior to an initial public offering, community Web site developer Ecircles.com recently raised $18 million in its third round of venture funding. Strategic investor Adobe Systems led the investment in the San Mateo, Calif.-based company. The round also saw a first-time investment from […]

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I-drive Closes First Preps Fall Round

19 years ago

Intending to enable Web-based file management for a variety of users, I-drive.com raised $4.5 million in its first round of private equity financing. Information Technology Ventures of Menlo Park, Calif., and Draper Fisher Jurvetson of Redwood City, Calif., were the lead domestic investors in the financing that closed earlier this summer. In a decision intended […]

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Lucy.com Expected to Close Second Round

19 years ago

Lucy.com, an Internet-based women’s apparel retailer, will close its second institutional round of venture funding within the week, said Chief Executive Sue Levin. Sutter Hill Ventures and Foundation Capital, who combined to invest $4.5 million in the company’s Series A round May 15, will make additional commitments. Levin said the Portland, Ore.-based company will not […]

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Wind Point Leads Worldwide Sports Recap

19 years ago

Following an introduction by a member of its advisory board, Wind Point Partners of Chicago led the recapitalization last Thursday of Worldwide Sports & Recreation, the parent company of Bushnell and Voit sporting good companies, which had $150 million in total revenue in 1998. “We became aware a year ago that the company was being […]

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Chicago Embarks on New Venture

19 years ago

Chicago has all the ingredients to cultivate a fertile venture capital community. However, the city’s robust financial services infrastructure, elite universities and high quality of life have yet to stimulate an entrepreneurial atmosphere that can compete with Silicon Valley and Route 128. According to a study produced by the Illinois Coalition, 10 Illinois companies received […]

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Variagenics Raises $19M Third Round

19 years ago

Using its business model to maximum advantage, Variagenics Inc. raised $19 million July 30 in its third round of venture financing. The Cambridge, Mass.-based company identifies variances in genes that affect drug action. The information gleaned from the detection of these variances can then be used to develop pharmaceutical products. The Sprout Group, the venture […]

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Space.com Launch Fueled with $10M

19 years ago

While the launch of Space.com has received heavy attention, details of the venture capital financing have been hidden in a black hole. Venrock Associates of New York, through Venrock Associates II LP, and Greylock Management of Boston, through Greylock IX LP, were the sole institutional investors in the $10 million preferred equity financing that launched […]

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Bowles Hollowell Adds Nine to Private Equity –

19 years ago

Continuing the effort begun this spring to expand its New York-based private equity coverage groups, Bowles Hollowell Conner & Co. hired three managing directors, and a total of nine new professionals earlier this month. The New York-based division of First Union Capital Markets Corp. now has nearly 20 professionals dedicated to serving the financial sponsor […]

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Electra Trust Cashes In On Two Portfolio Cos. –

19 years ago

Electra Investment Trust (EIT) in mid-July exited two substantial investments through sales to other U.K. private equity houses. The realizations, of PHS Holdings and The Stationery Office Holdings, form part of EIT’s continuing liquidation program. The trust plans to wind itself up within five years following its successful defense earlier this year against a hostile […]

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Nevada Employees’ Stays Course in Private Equity –

19 years ago

The Nevada Public Employees’ Retirement System has not exactly been a trailblazer when it comes to private equity-the $12.1 billion pension allocates just 2% of its capital to the asset class and has no plans to increase the percentage-but Nevada has done well in the alternatives arena and plans to stick around, investing in four […]

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Scottish Lenders Team For European Debt Effort –

19 years ago

The Royal Bank of Scotland and Bank of Scotland last month jointly launched Caledonia Capital Ltd., a new group that will provide senior debt financing for European leveraged buyouts. London-based Caledonian Capital, which will be strucutred as a 50/50 joint venture between the two banks, will look to provide financing for LBO deals which require […]

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Wafra Partners Buys Two New Companies –

19 years ago

New York-based Wafra Partners recently added two new companies to its portfolio. The firm in late June acquired Wundies Industries, a designer and manufacturer of under garments for women and girls, for an undisclosed price, said Wafra Managing Director John Camp. Wafra also recently acquired Travelpro, a luggage designer. Although terms of the deal were […]

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