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Oak Hill Capital Invests in In-Flight Phones

19 years ago

As advertised, Oak Hill Capital Partners is starting to make contrarian investments that have some general partners scratching their heads. Last month, the New York-based firm agreed to buy GTE Airfone from the telecommunications parent company for an undisclosed amount. GTE Airfone operates in-flight payphones on commercial airlines. GTE had been looking to shed the […]

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Internet Diamonds Shine Anew

19 years ago

While a diamond may last forever, the amount of time between venture rounds for an Internet-based diamond retailer can take less than two months. Internet Diamonds of Seattle received an investment from Kleiner Perkins Caufield & Byers late last month, six weeks after raising $6 million in its first institutional venture round. Existing investors Trinity […]

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NextMonet.com Makes Impression on CMGI

19 years ago

As more retail categories become colonized by entrepreneurs in the great electronic gold rush of the late 1990’s, the e-commerce companies that succeed must attract regular consumers of the product and attract individuals that feel disenfranchised from buying the product in its traditional environment. NextMonet.com of San Francisco hopes to attract art lovers who are […]

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BrandsForLess.com Gathers $9M More

19 years ago

Can less be more in the information age? BrandsForLess.com of Stamford, Conn., hopes so. Rather than overwhelming potential electronic shoppers with volume, the company presents only a select group of suppliers that other shoppers have identified as high-quality service providers to post goods on the site. Last month, the company raised $9 million in its […]

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MGI Software Raises $10M for Acquisitions

19 years ago

Publicly traded MGI Software Inc. raised $10.5 million through a private placement of 4.8 million shares of stock to finance its acquisition of Live Picture Inc. and the software digital video disk (DVD) assets of Zoran Corp. The Toronto-based company develops digital imaging and video editing software for the personal computer. The financing, which closed […]

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Totally Wireless Raises $14M for Portal

19 years ago

After spending more than ten years as a brick-and-mortar retailer of wireless products and services, Totally Wireless of Fremont, Calif., raised $14 million in its first institutional round of venture financing. U.S. Venture Partners of Menlo Park, Calif., led the round with a $6 million investment in the Series B offering. U.S. Venture Partners had […]

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Investors Funnel $14M into Neose PIPE

19 years ago

Publicly traded biotechnology developer Neose Technologies Inc. raised $14.25 million two weeks ago in its first return to the private equity market since going public in 1997. Neose raised the money from a syndicate of private equity investors that included Nomura Switzerland. The company retained Paramount Capital of New York as a finder for a […]

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Acorn Grasps $16M Series C Placement

19 years ago

Acorn Cardiovascular Inc. of St. Paul, Minn., raised $16.3 million in venture capital last month to further development of its device that is intended to minimize the effects of congestive heart failure. New investors U.S. Bancorp Piper Jaffray and Bessemer Venture Partners joined all of the firm’s existing investors in the offering of Series C […]

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Crossroads Buys EDS’ Alternatives Portfolio

19 years ago

Taking a major plunge into the secondary market, Crossroads Group acquired the entire private equity portfolio of Electronic Data Systems Corp.’s (EDS) treasury group, which includes 15 buyout partnerships and one venture capital partnership. To finance the transaction, the Texas fund manager closed last week on approximately $400 million for a secondary fund, The Crossroads […]

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Fund News – L.A. Venture Community Lures DLJ Bankers

19 years ago

Donaldson, Lufkin & Jenrette appears to be the latest casualty of an affliction that has swept through investment banking groups across Wall Street: the itch to become a principal. Last week, the firm lost two of its investment bankers to the burgeoning venture capital community in Los Angeles as Joe Reece and Steven DesJardins decided […]

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AccessLan Nets $20M Preferred Offering

19 years ago

In a private equity round that will take the company to an initial public offering in 2000, AccessLan Communications Inc. of San Jose, Calif., raised $20 million last month from a syndicate of venture investors. Highland Capital Partners of Boston led the preferred stock offering. Additional venture investors included Tudor Private Equity Fund, The Ignite […]

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BizBuyer Auctions Second Round to CMGI

19 years ago

BizBuyer.com of Los Angeles raised $5 million last month from @Ventures, the venture arm of CMGI, in its second round of venture capital financing. The company operates an online marketplace for small businesses that currently handles auctions for telecommunications connectivity and phone system services – long distance and cellular. Chief Executive Bernard Louvat said the […]

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Pfingsten Closes Fund I With Shift to Fund II

19 years ago

Pfingsten Partners LLC has shuddered its first fund by recapitalizing portfolio company Barjan Growth Products through the $100 million Pfingsten Executive Fund II LP and a co-investment from Allstate Private Equity, a limited partner in the Pfingsten fund. The two groups collaborated to take out the existing investors in East Moline, Ill.-based Barjan in a […]

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Venture-Backed IPOs Fly Past Year Ago

19 years ago

Interest rate worries and the accompanying volatility in the public equity markets have created reams of speculation on when the initial public offering market will slow down. However, the filings just keep on coming and venture-backed companies are leading the charge with bigger offerings and higher post-offer valuations. During the first half of 1999, 96 […]

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Venture Capital Streaming into Content Services

19 years ago

If Marshall McLuhan were reincarnated as a venture capitalist, he would likely bet the house on companies that stream video and audio over the Internet. The late media critic argued that the content of any new medium is always derived from existing media. So, the streaming industry’s use of traditional media to enhance the Internet […]

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Jobs.com Grabs $10M First Round from Idealab

19 years ago

Online recruiting is increasingly common, but compatibility problems continue to be a stumbling block. Dallas-based Jobs.com thinks it has the answer. Idealab Capital Partners (ICP) of Los Angeles invested $10 million in the Web-based job service’s first round of institutional financing. The company bought the jobs.com domain name from a San Diego-based webmaster, after idealab!, […]

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Unity Calls Down $71M Growth Financing

19 years ago

Responding to the need for telecommunications services in secondary markets, Unity Communications Inc. raised $71 million in growth financing last month. The Jackson, Miss.-based company received $20 million in equity from several investors and $51 million in subordinated debt from Newcourt Capital. The equity component came from Harbert Management Corp. of Birmingham, Ala., BB&T Capital […]

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Doughty Hanson Snags Big LBO Public Listing –

19 years ago

Doughty Hanson, the U.K.-based buyout firm, has floated Geberit on the Swiss stock exchange. Shares in Geberit, Europe’s largest sanitary installation systems company, closed at Sfr375 ($243.75) on their first day of trading, after the IPO price was set at Sfr330 per share. Doughty Hanson claims the float is the largest initial public offering of […]

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