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Fox Paine & Co. Looks To Double Down in Deal –

19 years ago

Fox Paine & Co., LLC this month agreed to buy publicly traded Maxxim Medical, a manufacturer of medical equipment, in a deal valued at approximately $830 million, including assumed debt. Upon completion of the deal, the firm will split the company into Maxxim, which Fox Paine is pricing at $600 million, and Ciron Corp.-currently a […]

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Coller Capital Finds $250M For Secondaries –

19 years ago

The interest L.P.s have shown in international buyout funds has begun to extend to secondary partnerships. Coller Capital, a London-based firm that invests exclusively in secondaries-has grown rapidly in the last four years and now is close to wrapping its third fund, thereby becoming one of the largest players in that increasingly crowded market niche. […]

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Citicorp Asia, CVC Team To Launch Asia Fund –

19 years ago

Citicorp Capital Asia and CVC Capital Partners are joining forces to raise a pan-Asia buyout fund with a target of $750 million. CVC Asia Pacific, now in pre-marketing, is one of several new funds looking to buy divisions of cash-strapped conglomerates in the Far East (see story p. 1). According to Mary Lynn Putney, a […]

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Blackstone, AIG Launch Asian Advisory Group –

19 years ago

The Blackstone Group and AIA Capital Corp., the Asian investment and advisory branch of American International Group (AIG), this month formed a partnership that will focus on advising companies throughout Asia on various financial situations. The two firms have an exclusive collaboration agreement in five countries-Indonesia, Thailand, Malaysia, Singapore and Hong Kong-and will operate on […]

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Paul Allen’s Charter Delivers Riches To Buyout Firms –

19 years ago

At least 15 buyout firms that own stakes in cable companies have generated huge returns in the last three months by selling to Paul Allen, the co-founder of Microsoft Corp. and majority owner of Charter Communications. Since the beginning of the year, Charter has agreed to buy 12 cable platforms-10 of which were buyout firm […]

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Frontenac Co. Targets $600M For Fund VIII –

19 years ago

Frontenac Co.-a firm that dates back to 1971-is preparing to come to market with its eighth fund that likely will target between $500 million and $600 million, according to industry sources. “We are contemplating a new fund but we haven’t gone to our L.P.s yet,” said Roger McEniry, a partner at the firm. He said […]

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Regional Rroundup – East

19 years ago

Shnoo.com Inc. of Clifton, N.J., is raising $5.95 million through a private placement of common stock. The online retailer intends to use proceeds from the offering for working capital. CDS Consulting Corp. of Pittsburgh is raising $5 million through a private placement of common stock. A minimum investment of $100,000 is required. The consulting firm […]

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Regional Rroundup – South

19 years ago

Franklin Ross Inc. of Coral Springs, Fla., is raising $5 million through a private placement of common stock. A minimum investment of $20,000 is required. The Internet brokerage training services provider intends to use proceeds from the offering for working capital. HealthNet Data Link Inc. of Miami is raising $3 million through a private placement […]

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Regional Rroundup – Midwest

19 years ago

Glory Inc. of Branson, Mo., is raising $5 million through a private placement of common stock. A minimum investment of $500 is required. The issuer intends to use proceeds from the offering to build a live-entertainment theater. John Galt Holdings Ltd. of Omaha, Neb., is raising $4 million through a private placement of Series A […]

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Regional Rroundup – West

19 years ago

Innovative Turf Products Inc. of Tangent, Ore., is raising $5 million through a private placement of common equity. Blackwell, Donaldson & Co. of Portland, Ore., is placing the offering for a $350,000 sales commission. A minimum investment of $50,000 is required. The issuer, a distributor of grass seed and related turf products, intends to use […]

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VCs Bet Internet Diamonds are Forever

19 years ago

If Mark Vadon were still a bachelor, the world may never have been introduced to Internet Diamonds. Last year, while purchasing a wedding ring for his wife at Williams and Sons Jewelers of Seattle, the former management consultant for Bain & Co. became intrigued with the merchant’s strategy for distributing diamonds via the Internet. Within […]

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Capital Z Seeks to Serve as A-Team

19 years ago

Capital Z Partners Ltd. of New York wants to parlay its partners’ track record, which stretches back to 1990, into brand leadership in alternative asset management. To achieve that aim, the New York-based firm plans to leverage its base of knowledge in the insurance field to launch new products in complementary investment areas. The first […]

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B2Bnetwork.com Launches $30M Private Round

19 years ago

Seeking to maximize opportunities created through increased bandwidth on the Internet, B2Bnetwork.com Inc. of New York launched a $30 million private equity placement last week. The company has not retained a placement agent for the common stock offering. Previously, B2Bnetwork has raised two rounds of private equity, netting $1.8 million in two separate transactions, said […]

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Pets.com Fetches $50M Second Venture Round

19 years ago

Pets.com raised $50 million June 18 in its second round of venture financing, which closed less than eight months after the launch of its Web site. The San Francisco-based company provides pet products and information over the Internet. Amazon.com Inc. led the round. The Internet retailer had invested in Pets.com’s first venture round March 29. […]

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Netcaster Pseudo Programs $14M Fourth Round

19 years ago

Pseudo Programs Inc. of New York is the latest of several Internet-based video content producers to raise capital from venture firms. Earlier this month, Pseudo raised more than $14 million in its fourth round of venture financing. The round was led by Prospect Street Ventures of New York. Tribune Ventures, the venture capital arm of […]

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Digital Chef Cooks Up $35M Venture Round

19 years ago

Digital Chef of Napa Valley, Calif., raised $35 million in a second round of venture financing earlier this month, increasing to $45 million the total capital the company has raised since September 1998. Weston Presidio Capital of San Francisco led the transaction, which was placed by Hambrecht & Quist, said Kevin Appelbaum, chief executive of […]

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Bluestone Raises $25M in Final Round

19 years ago

Ebay and E*Trade know how catastrophic it can be when an e-commerce company’s Web sites shut down. Potentially coming to the rescue, Bluestone Software Inc. of Mount Laurel, N.J., designs software that allows e-commerce retailers to repair technological glitches without shutting down their sites. Last month, the company received $25 million in its third round […]

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DTI Raises $17M First Round

19 years ago

Digital Telecommunications Inc. (DTI) of Boca Raton, Fla., recently raised $17 million in its first institutional round of venture financing. The company develops carrier switches that allow telecommunications companies to deliver voice, video and data over traditional and Internet protocol-based networks. Advent International of Boston led the Series A round with a $5 million investment, […]

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