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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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Broadband Access Accesses $15M

19 years ago

As more cable television subscribers begin to access the Internet through a cable modem, operators search for ways to more efficiently process video, data and voice services. Broadband Access Systems develops delivery equipment for cable system head ends. Earlier this month, the Orlando-based company received $15 million in its second institutional round of private equity […]

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FiberNet Closes Round, Is Hungry for More

19 years ago

Publicly traded FiberNet Telecom Group Inc. recently raised $14.1 through a private placement of secured convertible notes and convertible preferred stock. Chief Executive Michael Liss said he intends to raise additional capital through debt and private equity financings with strategic investors within the next few weeks. Signal Capital Partners LP and Trident Telecom Partners LLC […]

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Pegasus Launches $500M Second Fund

19 years ago

Pegasus Partners this month launched its second buyout fund at the same time Joshua Brain, the firm’s co-founder, resigned. The group is setting a target of $400 million for Pegasus Partners II LP and will look to raise as much as $500 million, according to a Pegasus LP. Should the firm meet its mark, it […]

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NetMoves Raises $14M in Private Equity

19 years ago

In another example of a publicly traded company raising capital through private investors, Internet document delivery provider NetMoves received $14.3 million May 20 in private equity financing. “As is the case with small-cap companies across the board, we feel the market is not receptive to secondary public offerings,” said Chief Financial Officer Peter Macaluso. “By […]

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Health-Care Investors Continue Adjustment

19 years ago

Once the investment darling of the early ’90s and now a casualty of changing preferences, health-care plays have been left lying next to MC Hammer albums as forgotten habits of the past. But like Hammer, some determined health-care principals are trying to find ways to readjust to the realities of their audience, and – while […]

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Affiliation Networks Hits $25M Mezzanine Round

19 years ago

If marketers pursue younger demographics online as relentlessly as they have in traditional media, Affiliation Networks Inc. could emerge as a dominant Internet player. The San Francisco-based company, which spun off from Imagine Entertainment in February, programs four Internet networks that target an audience of 12- to 29-year-old users. Advertisers pay a premium to reach […]

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TPG Weighs Paying Up On Energy Cos.’ Bills –

19 years ago

Texas Pacific Group in the last several weeks has been deciding whether to commit new capital to its investments in the energy industry in order to alleviate the companies’ debt loads. Like other energy companies, TPG’s investments-Denbury Resources and Belden & Blake Corp.-are trying to stay solvent at a time when oil and gas are […]

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Seattle University Looks To Increase Alternatives –

19 years ago

Seattle University is considering increasing its alternative asset allocation to as much as 15% from its current level of 5%, according to Denis Ransmeier, the endowment’s vice president of finance. Mr. Ransmeier said the $115 million endowment already has investments in a number of venture capital funds and a hedge fund, but he favors expanding […]

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Talisman Capital Divines A Wealth of LBOs in Asia –

19 years ago

What began as drinks at the Singapore Four Seasons Hotel turned into an Asian buyout fund with a target of $250 million. Asian business connections, otherwise known as gwanxi, are paying off for Talisman Capital Inc., which currently is marketing its second private equity fund-exclusively to Asian limited partners. The firm, based in Little Rock, […]

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Blackstone Partners To Forge Steel Venture –

19 years ago

The Blackstone Group and Veritas Capital Management last month agreed to merge their steel mills with a USX-U.S. Steel Group- and Kobe Steel-owned U.S. mill to spread overhead costs and better manage supply and demand. The unusual move comes as an attempt to combat a supply glut in the steel bar industry. According to Robert […]

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Hicks Muse to Acquire Brazilian Soccer Team –

19 years ago

Hicks, Muse, Tate & Furst Inc. last month agreed to acquire the franchise assets of a popular Brazilian soccer team and will partner with a former Uruguayan soccer star to manage the business. The deal will give Hicks Muse and its sports-business partner, The Muller Sports Group, the marketing, exhibition, licensing, merchandising and broadcasting rights […]

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Kirtland Capital to Take Instron Corp. Private –

19 years ago

Kirtland Capital Partners early this month announced its intention to acquire Instron Corp., a publicly traded materials evaluating company, for approximately $160 million. DLJ Securities Corp. has agreed to provide high-yield financing for the deal, and senior debt will be provided by National City Capital. Instron was advised by The Beacon Group Capital Services. Instron, […]

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Wind Point Builds Up Automotive Company –

19 years ago

Wind Point Partners this month revved up Qualitor, the firm’s automotive aftermarket platform, with the acquisition of publicly traded MascoTech’s aftermarket group, said Robert Cummings, a managing director at the Southfield, Mich.-based firm. Although Mr. Cummings declined to disclose the transaction price, the financial press reported Mascotech sold its aftermarket division and another smaller division, […]

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Thoma Cressey Begins Compiling Document Co. –

19 years ago

Don’t expect a paperless work environment anytime soon-not if Thoma Cressey Equity Partners gets its way. The Chicago buyout firm already is five add-ons deep into a business document platform, and does not intend to stop until the company is distributing brochures, business forms and advertisements in six to eight regions. The company, Lincolnshire, Ill.-based […]

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Safron Corp. Seeks Deal Oasis in Mid East –

19 years ago

Furthering its private equity foray into the Middle East, Safron Corp. last month acquired a minority interest in Egypt’s largest telecommunications holding company, RASCOM Technologies, for an undisclosed amount. The deal is the London firm’s third since holding a first close on its debut Middle East private equity fund in December that rounded up $35 […]

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