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Carlyle Group Takes German Co. Private –

19 years ago

The Carlyle Group is conducting a public tender offer of a German company-a deal Carlyle views as expensive but necessary to help establish the Washington, D.C. firm as a benign presence in the European business community. Carlyle in March invested euro 60.4 million in the buyout of Honsel-Werke A.G., which gives the firm a 72% […]

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ABS Capital Partners HIts Final Close for $427M –

19 years ago

After almost a year of fund raising, ABS Capital Partners last month held a final closing on its third buyout fund that rounded up a total of $427 million. When the fund was launched last summer, it sported a target of $400 million. The fund will focus on buyouts and growth financings in computer services, […]

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GE Capital Exec Markets Debut Hybrid Vehicle –

19 years ago

The former head of GE Capital’s merchant banking unit, John Hatherly, this month began readying his own $250 million buyout fund with the support of Bain Capital. Mr. Hatherly has formed Wynnchurch Capital Ltd. to launch Wynnchurch Capital Partners, L.P. with Partner Jon Tomes, the former director of GE Capital’s merchant banking group on the […]

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Thomas H. Lee Credits Metris for Strong Returns –

19 years ago

Thomas H. Lee Co. went against the grain last December when it made a $300 million equity investment to acquire a 29% stake in Metris Cos., a credit card provider for low-income people. The move is part of a larger trend of private equity firms acquiring minority stakes in public companies. The theory is that […]

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Loud Leaves Florida To Start Fund-of-Funds –

19 years ago

Irwin Loud, portfolio manager for private equity at Florida’s $83 billion state pension, left his post May 14 to launch a $300 million fund-of-funds that will commit capital to private equity firms that have origins in or ties to family offices and alongside direct investments by families. Mr. Loud’s resignation leaves a gap at Florida […]

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Vertical Networks Adds $30M Fourth Round

19 years ago

Vertical Networks of Sunnyvale, Calif., earlier this month raised $30 million from six investors in what is likely the final round of venture financing before entering the public markets sometime in the latter half of 2000. Technology Crossover Ventures of Palo Alto, Calif., led the round, which was placed by BancBoston Robertson Stephens. Additional first-time […]

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AnyDay Books $8M from Two Venture Firms

19 years ago

AnyDay.com, a Cambridge, Mass.-based developer of online dayplanners and event directories, raised $8 million May 18 in its first round of venture financing. Softbank Technology Ventures of Newton Center, Mass., and Carlyle Venture Partners of Washington, D.C., co-led the transaction in the 1-year-old company, said Arthur Gehring, director of marketing at AnyDay. The management team […]

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The Cassandra Group Invests in Paradise

19 years ago

Paradise Music & Entertainment Inc. will receive $8 million from New York-based The Cassandra Group Inc. “After some recent acquisitions, we were in the position where we needed capital,” said Chief Executive Jessie Dylan. “We felt we were undercapitalized for the goals we were trying to achieve.” Los Angeles-based Paradise is a diversified music and […]

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BuyersZone.com Targets Small Businesses

19 years ago

Seeking to fill the void in purchasing efficiency for small businesses, BuyersZone.com of Watertown, Mass., garnered $6.5 million two weeks ago in its first round of venture funding. Commonwealth Capital Ventures of Wellesley, Mass., led the financing. Other investors included BancBoston Ventures, OneLiberty Ventures and Women’s Growth Capital Fund. “As a women-focused fund, [Women’s Growth] […]

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Summit Returns to Roots with New Fund

19 years ago

Citing a desire to return to the roots of its investment strategy, Summit Partners has begun pre-marketing a private equity fund with a target of $150 million that will invest in small deals uncovered by the firm’s deal sourcing operation. The new fund will contribute growth equity of less than $10 million to small but […]

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BRM Group Hires Principal

19 years ago

In an effort to bolster the management and marketing support it provides to its portfolio companies, venture incubator BRM Group earlier this month hired Steve Mann as a principal. Mann comes to BRM after serving as vice president of Internet marketing and product strategy for Computer Associates International Inc. In his new position, Mann will […]

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SpeechWorks Calls in $18M, Expects Another $7M

19 years ago

SpeechWorks International Inc.’s vision of the tele-transaction future is one without touchtone. The Boston-based company develops speech recognition software that enables people to use telephones to communicate with computers without having to punch the key pad. SpeechWorks’ current customer base includes United Airlines, BellSouth and E*Trade. After receiving $18 million last month in its fourth […]

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Yupi Internet Taps Network for $13M

19 years ago

Seeking to be the first mover in Spanish language Internet content, Yupi Internet Inc. of Miami Beach, Fla., raised $13 million last month in its first round of venture financing. Interprise Technology Partners of Miami led the round with a $10 million commitment. The balance of the capital came from IFX Corp., a strategic investor […]

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Bigwords.com Takes $10M to School

19 years ago

Seeking to capitalize on the college textbook market, Bigwords.com garnered $10 million May 11 in its second round of venture capital financing. Geocapital Partners of Fort Lee, N.J., led the transaction, and was followed by Bigwords’ first round investor, 21st Century Internet Venture Partners, which took a pro rata stake, said Matt Johnson, chief executive […]

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ICOMS Raises $10M in Second Round

19 years ago

Internet Commerce Services Corp. (ICOMS) of Nashua, N.H., recently raised $10 million in its second round of venture financing as part of an effort to expand its international operations. Investors in the Series B round include Technology Link Capital, AsiaTech Ventures, Primus Capital, Corning Capital, Venture Investment Management Company and Fineco. No placement agent was […]

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JP Morgan CFO to Run Private Equity

19 years ago

In another sign of the bank’s growing commitment to the private equity arena, J.P. Morgan & Co.’s chief financial officer, John Mayer, has resigned that post to run Morgan Capital Corp., the firm’s private equity arm. Morgan Capital manages a portfolio of more than $1 billion and earlier this year began fund raising for the […]

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Conning Flows $17M into Clark/Bardes PIPE

19 years ago

Publicly traded Clark/Bardes Holdings Inc. agreed to a private placement of 1 million shares of common stock May 11 with Conning & Co. of Hartford. The transaction, which is expected to close by the end of June, calls for Conning to pay $17 per share, after which the firm will own 10.5% of 9.5 million […]

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Network Engines Closes $8M Round Two

19 years ago

In another example of venture firms backing a company devoted to making the Internet operate more quickly and efficiently, Network Engines Inc. received $8.3 million in a first close on its most recent private equity funding. The company is seeking an additional investor before holding a final close. “We most likely will add an East […]

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