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Improve your marketing, AIM told

20 years ago

A survey by UK accountancy firm Pannell Kerr Forster (PKF) has led it to conclude that the UK’s Alternative Investment Market (AIM) for growth companies needs to be more proactive to increase investment from institutions and the rest of Europe. The survey, which canvassed the views of nearly half the companies listed on AIM and […]

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El Sitio Raises $44M in First Venture Round

20 years ago

Internet portal operator El Sitio International Corp. secured $44 million in its first round of venture financing, expected to close today. Based in Buenos Aires, Argentina, El Sitio produces and distributes a network of Web sites that cater to Spanish and Portuguese-speaking Internet users in Latin America and the United States. After receiving $7 million […]

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Meritage Holds First Close on Fund

20 years ago

Meritage Investment Partners LLC, a new venture group being run by two former Centennial Funds professionals, has held a $111 million first close on its inaugural fund. The Denver-based firm’s managers, Jack Tankersley and Laura Beller, previously worked with The Centennial Funds, where Tankersley was a co-founder and Beller the chief financial officer. The new […]

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Pixelworks Displays Wares for $11M Round

20 years ago

Tualatin, Ore.-based Pixelworks Inc. has parlayed its development of a chip that produces clearer flat panel displays into an $11.6 million venture financing. Charter Ventures of Palo Alto, Calif., led the mezzanine round, which Pixelworks chief executive Allen Alley said would be the company’s last before an initial public offering in the second or third […]

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Southeastern Hospitality Lures Venture Activity

20 years ago

For decades, Research Triangle Park (RTP), N.C., has provided the necessary resources to stimulate a fertile venture capital community. The region hosts elite universities, Fortune 500 technology and life sciences companies, and, most important to deal brokering, killer golf courses. Further, the Internet 2 was developed at RTP, and Raleigh/Durham currently has the most bandwidth […]

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Thoma Cressey Backs Assistive Technology

20 years ago

Thoma Cressey Equity Partners launched Assistive Technology Group Inc. (ATGI) last month committing $20 million in equity to the venture, and thereby renewing its acquaintance with the management team from former portfolio company American Medserve. ATGI plans to develop into a leader in the rehabilitative and assistive technology sector of the health-care industry, said Dave […]

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CollegeClub.com Takes $15M to School

20 years ago

In an effort to prove that the way to a college student’s heart is through the phone, CollegeClub.com raised $15 million June 6 from a syndicate of venture capital investors. Convergence Partners of Menlo Park, Calif., led the second round financing that also included Viventures and a number of institutional equity investors, said Eric Rindahl, […]

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NextPlanetOver Raises $5M for Relaunch

20 years ago

NextPlanetOver.com was launched in 1998 to sell comic books over the Internet. Earlier this month, the company received $5 million in venture financing in order to relaunch its site with expanded offerings that include action figures, animation videos and other entertainment-related merchandise. The new Web site is slated to launch in August. @Ventures, the venture […]

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Gamesville.com Wins Big in $14M Round

20 years ago

As television and the personal computer continue to converge, the game show may be the programming genre that most clearly integrates elements from each medium. Clearly, interactivity lends itself to Jeopardy more than 60 Minutes or Sabrina, The Teenage Witch. Gamesville.com Inc., an independent producer and distributor of online game shows, earlier this month received […]

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Galileo Scoops $11M Venture Investment

20 years ago

Chief Executive Guy Miller said he decided to name his life sciences company after Galileo because of the scientist’s “vision for world order, magical view of tradition and ability to see things differently while not being swayed by contemporary paradigms.” Miller hopes Galileo Laboratories Inc. can ultimately convince Wall Street companies that the earth won’t […]

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Berwind Caps First Close at $63M

20 years ago

Berwind Financial Group LP of Philadelphia recently held a first close on Eureka I LP, a $63 million growth capital fund. The fund may raise an additional $37 million before April 2000, said Berwind Principal Christine Jones. The Pennsylvania State Employees’ Retirement System is Eureka’s lone outside limited partner to date. The fund received insider […]

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Protein Delivery Raises $23M Preps For IPO

20 years ago

Protein Delivery Inc. (PDI) has developed a way to convert medications that are currently only injectible, such as insulin, to oral forms. Earlier this month, the Research Triangle Park N.C.-based company raised $23 million in its Series E round of venture financing. “We believe that Protein Delivery is now the leader in developing an oral […]

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Advent Fills Staffing Company Coffers

20 years ago

Alexander Mann Group of London raised GBP25 million ($40 million) from Advent International in late May to augment the company’s efforts to acquire other information technology staffing businesses. Boston-based Advent was the sole investor in the pay-in-kind preferred stock transaction, said John Singer, a managing director at Advent. Following the deal, Singer and fellow principal […]

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Media Technology Launches $75M Seed Fund

20 years ago

Two months after closing a $155 million fund that invests in early to midstage companies in the media and information technology industries, Media Technology Equity Partners LP is planning to raise $75 million for its second seed-stage fund. The firm plans to commit the remainder of its first $70 million seed-stage fund in the next […]

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Chemistry Outsourcer Discovers $35M

20 years ago

Furthering its efforts to provide outsourced drug development services to pharmaceutical companies, MediChem Research Inc. of Lemont, Ill., raised $35 million in private equity June 14. Credit Suisse First Boston placed the deal with MedEquity Investors and Chase Capital Partners, said Michael Flavin, chief executive of MediChem. In addition to the equity financing, the company […]

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Frontenac Places $55M Behind E-Businesses

20 years ago

Launching an acquisition strategy directly alongside a more traditional venture investment, Frontenac Co. of Chicago recently led investments totaling $55 million in two e-business service companies. Redshift Interactive of Boulder, Colo., closed its first acquisition June 7, with financing for the transaction coming from Frontenac’s $30 million equitycommitment. The company wants to become a single-source […]

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In the Far East, the Year of the Buyout’ Beckons –

20 years ago

Private equity in Asia, investors are told, is the hot ticket. The region’s economy is experiencing a burst of growth, and limited partners won’t want to miss the chance to stake their claim in the future prosperity. Skeptics, by contrast, dismiss the Asia funds as a “flavor of the month” phenomenon-a hyped group of investment […]

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Vestacor Looks to G.P.s For Africa Co-Investing –

20 years ago

Vestacor, a boutique investment firm in South Africa, is rolling out retail chains across Africa and is looking to raise capital from U.S. buyout firms to fund the effort. The group is part of the growing private equity community in South Africa that includes Ethos Private Equity (formerly FirstCorp Capital Investors) and Brait Capital Partners, […]

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