The venture capital industry has changed over the past 5 years in ways that I believe will be lasting rather than temporal change. We are in the process of our own creative destruction with new market entrants and new models of innovation at the precise moment that our industry itself is contracting. When the dust […]
Quantum Ventures of Michigan has sold 3Sixty Group/Monroe Engineering Products to Ellipse Capital. Financial terms weren't announced. Monroe is an industrial manufacturing and distribution company.
ABRY Partners has agreed to buy Masergy Communications. Financial terms were not announced. Masergy provides managed, secure virtualized network services. The deal is expected to close in 90 days.
Bridgewater Systems, which is backed by VenGrowth Asset Management, has agreed to be sold to Amdocs Ltd. Amdocs is paying C$8.20 a share cash, valuing Bridgewater at C$211million. Amdocs had previously announced the acquisition earlier this month.
Rural/Metro Corp. said that stockholders have voted to approve its sale to Warburg Pincus. About 72.27% of voting power approved the merger agreement, the company said Monday. In March, Rural/Metro announced it had agreed to be sold to Warburg for $17.25 a share. The sale is expected to close on June 30. PRESS RELEASE Rural/Metro […]
(Reuters) – Green is back in venture capital circles — but call it light green. Having placed big bets on capital-intensive industries like solar and ethanol just as the financial crisis quashed interest in risky new technologies, early-stage investors these days have a limited appetite for startups that need large amounts of cash to bring […]
(Reuters) - Philadelphia-based women's clothing retailer Deb Shops Inc filed for bankruptcy protection in a Delaware court on Sunday as part of a financial restructuring that involves selling the company to a group of senior lenders. Abelco Finance provided a stalking horse bid; Lee Equity will also receive a stake in the company going forward.
Investor confidence in venture capital is at an all-time high. The unusually strong IPO market and its pent-up pipeline is due, in part, to the tremendous success of LinkedIn’s recent public market debut. The professional social network’s shares skyrocketed to a high of $92.99 per share from its opening of $45, establishing a market value […]
Merlin Media, which is backed by GTCR, said Monday that Walter Sabo was named COO. GTCR formed Merlin to buy majority stakes in three radio stations owned by Emmis Communications.
Versa Capital Management has acquired the assets of Böwe Bell + Howell to form Bell and Howell LLC. Financial terms were not disclosed. Access Value Investors is coinvesting, a statement said. Bell and Howell provides solutions and services for paper-based and digital messaging.