Featured Content

World Commerce Online Receives $8M

19 years ago

Interprise Technology Partners of Miami recently invested $8 million in World Commerce Online Inc. The Orlando-based company creates communication and transaction channels shared by e-commerce companies that distribute perishable goods. The company has partnered with the Wholesale Florist and Florist Supply Organization to develop a secure e-commerce network for the floral industry. “We are essentially […]

Continue

Two Texas Techs Emerge from Incubator

19 years ago

Following the intended path to maturity, two StarTech companies have received first round financing, thus emerging from the Richardson, Texas-based incubator. Fast Software Corp. was formed last September when, according to StarTech President Matt Blanton, two professionals from Deloitte & Touche brought in an enterprise resource planning software product. The company received $310,000 in seed […]

Continue

News – QuestMark Seeks More for First Fund

19 years ago

Still hoping to raise an additional $40 million before a June 30 final close, QuestMark Partners LP has begun investing the $210 million already committed to its first fund. Last week, QuestMark invested $10 million in ZapMe!, a provider of Internet and interactive services to schools. Earlier last month, the fund invested $11 million in […]

Continue

DEN Receives $26M After Launch Boost

19 years ago

As traditional media and the Internet converge, content is produced that combines the reactive sensation of watching television with interactive capabilities. The target audience for this type of programming falls between the ages of 14 and 24, or Generation-Y. Not only is this demographic the most coveted among advertisers, but it is assumed by entertainment […]

Continue

Soft-Market Retains Agent for $3M Round

19 years ago

Philadelphia-based Soft-Market Inc. said last week it had retained Sigmund Hartmann of Universal Microtechnology Inc. (UMI) to advise and negotiate Soft-Market’s second round of financing. The round has a target of $3 million and will be launched later this month, said Soft-Market Chief Executive Mitch Rosenberg. The round will likely consist of common stock, although […]

Continue

Centillium Jacks Up $38M Third Round

19 years ago

Capitalizing on the breadth of interest in digital subscriber line (DSL) technology, Centillium Technology Corp. of Fremont, Calif., raised $38 million in its third round. Integral Capital Partners of Menlo Park, Calif., led the new investor group that also included General Motors Investment Management, GE Equity Capital, Goldman, Sachs Group, J&W Seligman & Co., Velocity […]

Continue

Prio Nets $25M Series F Round

19 years ago

Prio Inc. of Mountain View, Calif., recently raised $25 million in its Series F round of venture capital financing. Investors in the round included Knight-Ridder Investment Co., American Express Travel Related Services, Softbank Technology Ventures IV LP, DataCard Corp. and other financial investors. BancBoston Robertson Stephens acted as placement agent on the financing. The company […]

Continue

Spring Tide Rides In $16M Second Round

19 years ago

Spring Tide Networks Inc. raised $16.7 million May 28 in its second round of venture capital financing. The Boxborough, Mass.-based company develops network carrier equipment that allows service providers to offer Internet protocol (IP) services. Oak Investment Partners’ Palo Alto, Calif., office led the round. Existing investors North Bridge Venture Partners and Matrix Partners each […]

Continue

ARTISTdirect Raises $15M Second Round

19 years ago

ARTISTdirect Inc. recently received $15 million in its second round of venture financing. The Encino, Calif.-based company sells merchandise, compact discs and concert tickets through its music community Web site. Chase Capital Partners of New York led the Series B round with a $5 million investment. Bowman Capital and Cassandra Capital also contributed first-time investments. […]

Continue

LBO IPOs Feel the Sting of Tech-Obsessed Market –

19 years ago

When DLJ Merchant Banking Partners last month poised portfolio company Doane Pet Care for an initial public offering, to raise $211 million, the group had every reason to feel confident. The company, which produces pet food and pet care products, this year will have revenue of more than $1 billion and EBITDA of approximately $109 […]

Continue

KKR Taps Merrill Lynch To Help Raise Euro Fund –

19 years ago

Merrill Lynch & Co. this month started raising capital for Kohlberg Kravis Roberts & Co. from European L.P.s to support its $3 billion European fund, according to industry sources. The move has led to speculation among industry observers that KKR-which has not hired a placement agent since its 1977 founding-may have anticipated a difficult time […]

Continue

Silver Lake Sees Gold Rush With $1.5 Billion Close –

19 years ago

Investors have been stampeding to commit capital to Silver Lake Partners LLC, a new buyout fund focusing on technology that this month held a first close on approximately $1.5 billion-the largest close ever for a first-time fund. Just four months ago, Silver Lake began drawing up its private placement memorandum, which featured a target of […]

Continue

JP Morgan CFO Jumps To Private Equity Group –

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 […]

Continue

Pegasus Partners Launch $500 Million Fund II –

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, L.P. and will look to raise as much as $500 million, according to a Pegasus L.P. Should the firm meet its mark, it […]

Continue

Summit Returns to Roots With New Micro Effort –

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 found by the firm’s deal sourcing operation. According to Martin Mannion, a partner at Summit, the new fund will contribute growth equity […]

Continue

DLJ Flies Higher With DeCrane Add-On –

19 years ago

DLJ Merchant Banking Partners last month bolstered its avionics platform with the addition of Precision Pattern Inc., a Wichita, Kansas-based supplier of aircraft furnishings. Earlier this year, the group also acquired PATS, a company that installs supplement fuel tanks in corporate jets, thereby extending their flight range. The total purchase price for Precision Pattern and […]

Continue

From LBO to LBO-to-IPO, WESCO Finds Its Strength –

19 years ago

When a group of investors led by The Cypress Group took WESCO International Inc. public on May 12, Charles Ames looked on with a mixture of pride and envy. As a partner at Clayton, Dubilier & Rice, Mr. Ames was at the helm of the WESCO deal from the initial discussions in 1993 to the […]

Continue

Summit Partners Sees Good Signs in $172M Deal –

19 years ago

Hoping to be to signs what Dell Computer Corp. is to computers, Summit Partners in April acquired a majority stake in EMED Co., a maker and direct marketer of signs and related products, for a total transaction value of $172 million. BancBoston Capital provided $110 in senior debt for the deal. Summit partners paid $36 […]

Continue

Digital Edition

To read a digital copy of our latest magazine

click here

PE News Briefs