Interwest Partners will soon begin raising its tenth fund with a $650 million target, according to VentureWire. The venture firm first disclosed the plan to LPs during its annual meeting earlier this year, and plans to begun formal fundraising in late July or early August. Interwest raised $606 million for its ninth fund in 2004. […]
Farecast Inc., a Seattle-based developer of data mining techniques to predict prices in the travel industry, has been sold for $75 million, according to The Seattle PI. No buyer was named. Farecast has raised just over $20 million in VC funding, from firms like Madrona Venture Group, Greylock Partners, Pinnacle Ventures, Sutter Hill Ventures and […]
CCC Information Services, a Chicago-based portfolio company of Investcorp, has agreed to merge with Mitchell International Inc., a San Diego-based portfolio company of aurora Capital Group. The $1.4 billion transaction will create a combined company with annual revenue of around $460 million and approximately 2,000 employees. It will provide information, workflow management systems and integrated […]
Navigation Capital Partners has sold its position in Physicians Endoscopy LLC to an undisclosed financial buyer, as part of a management-led recapitalization. No financial terms were disclosed. Physicians Endoscopy is a Doylestown, Pa.-based company that partners with gastrointestinal physicians to develop endoscopic ambulatory surgery centers. Edgeview Partners advised Navigation and Physicians Endoscopy on the sale. […]
Codexis Inc., a Redwood City, Calif.-based provider of solutions for pharma chemical process development and manufacturing, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol CDXS, with Credit Suisse and Goldman Sachs serving as co-lead underwriters. Codexis has raised just over $80 million in VC funding since […]
It is reported that Italian luxury yacht company Ferretti is to rejoin the Milan bourse later this year. The business's private equity owners, Candover and Permira, are understood to have contacted Merrill Lynch and Mediobanca regarding their acting as global coordinators of the float. Ferretti has experienced high demand for its yachts in recent years, […]
Fluidigm Corp., a South San Francisco-based provider of integrated fluidic circuits for the life sciences market, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol FLDM, with Morgan Stanley serving as lead underwriter. Fluidigm has raised nearly $200 million in total VC funding since 1999, from firms […]
OLX Inc., a Craigslist clone that focuses on free online classifieds focused on markets outside the U.S., has raised $13.5 million in second-round funding. Backers include General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital. www.olx.com
Federated Media Publishing, a Sausalito, Calif.-based ad network for online publishers, has raised between $40 million and $50 million in Series C funding, peHUB has learned. Get full story.
John Sinik has quit as UBS AG's head of global leveraged finance, in order to join the London office of Towerbrook Capital Partners. UBS has not yet named a replacement. Towerbrook is in the midst of raising $2.5 billion for its latest fund. www.towerbrook.com