LONDON (Reuters) – A 5.9 billion pound ($11.4 billion) writedown on risky assets sent Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz) to a first-half loss of 691 million pounds — better than feared, but still one of the biggest losses in British history. RBS, Britain's second-biggest bank, said on Friday the loss […]
NEW YORK, Aug 07 (Reuters) – Rackspace Hosting Inc (RAX.N: Quote, Profile, Research, Stock Buzz) launched its initial public offering on Thursday within the estimated price range, becoming the first information technology company to test the public markets in six months, and the first venture-backed IPO since the first quarter. The San Antonio-based web hosting […]
NDS Surgical Imaging, a San Jose, Calif.-based portfolio company of Riverside Partners, has acquired the medical display division (Dome Imaging) of Planar Systems (Nasdaq: PLNR). No financial terms were disclosed. PRESS RELEASE Riverside Partners, based in Boston, MA, is pleased to announce the acquisition and integration of Dome Imaging (“Dome”), the Medical Display […]
The Blackstone Group has formed a cleantech group, which will make investments and advise Blackstone portfolio companies on renewable energy strategies. It will be led by James Kiggen, a new senior managing director who previously was with AllianceBernstein. Also joining as principals from AllianceBernstein are Walter Vester and Richard Troyer. PRESS RELEASE The Blackstone […]
Stiefel Laboratories Inc., a Coral Gables, Fla.-based skincare pharmaceutical company, has completed its acquisition of Barrier Therapeutics Inc. (Nasdaq: BTRX), for approximately $148 million. Last year, The Blackstone Group invested $500 million into Stiefel in exchange for a minority ownership position. ORIGINAL PRESS RELEASE Stiefel Laboratories Inc., the world”s largest independent pharmaceutical company […]
LLR Partners has committed an undisclosed amount of private equity funding to healthcare analytics company Surveillance Data LLC, in support of that company's acquisition of Verispan LLC. PRESS RELEASE LLR Partners (“LLR”), one of the Mid-Atlantic region's largest private equity investment firms with over $1.4 billion under management, announced today that it has […]
Intelligent Beauty Inc., an El Segundo, Calif.-based provider of ecommerce technology and online marketing, has raised $30.5 million in Series B funding from Technology Crossover Ventures. This brings the firm's total commitment up to around $43 million, in exchange for a minority ownership stake. PRESS RELEASE Intelligent Beauty Inc., the beauty industry leader in […]
NextFoods, a Boulder, Colo.-based maker of GoodBelly probiotic fruit drinks, has raised $16 million in VC funding led by Maveron LLC. PRESS RELEASE NextFoods, the new functional food company formed by Organic and Natural Products industry pioneer Steve Demos (Founder and former President of WhiteWave, Inc., makers of Silk
Tetraphase Pharmaceuticals Inc., a Watertown, Mass.-based developer of synthetic chemistry technology for drug discovery and development, has closed the $15 million second tranche of its $25 million Series A round. The initial close came in 2006. Backers included Mediphase Venture Partners, CMEA Ventures, Fidelity Biosciences, Flagship Ventures and Skyline Ventures. PRESS RELEASE Tetraphase Pharmaceuticals […]
FolioDynamix, a New York-based provider of software for the wealth management market, has raised $7.5 million from Edison Venture Fund. PRESS RELEASE Edison Venture Fund announced a $7.5 million investment in FolioDynamix based in New York, NY. Edison was the lead investor in this first institutional round. Proceeds from the financing will be used […]