CHEVY CHASE, Md. (AP) — CapitalSource is acquiring the retail banking operations of Fremont General, a move that will shore up and diversify its portfolio as credit markets tighten, the commercial lender said Monday. The deal gives CapitalSource access to the distressed California bank's 22 branches and $5.6 billion in deposits. CapitalSource will pay a […]
Move Networks Inc., an American Fork, Utah-based provider of video-over-IP solutions, has raised $46 million in Series C funding. Benchmark Capital led the round, and was joined by Cisco, Comcast Interactive Media, Televisa and return backers Hummer Winblad Venture Partners and Steamboat Ventures. PRESS RELEASE Move Networks, a leading provider of high definition online […]
Redfern Integrated Optics Inc., a Santa Clara, Calif.-based maker of optical transmitters for the fiber optic sensing and communication markets, has raised $7.5 million in new VC funding. Southern Cross Venture Partners was joined by return backers Tallwood Venture Capital and Jolimont Capital. The company had previously raised around $32 million. PRESS RELEASE Redfern Integrated […]
HRJ Capital has raised $195 million for its first distressed opportunities fund-of-funds. The fund is already fully committed. PRESS RELEASE HRJ Capital announced today the final closing of HRJ Special Opportunities Fund I, L.P. with USD 195 million of commitments from a diverse group of investors including endowments, foundations, pension plans, family offices, investment […]
Bezier, a European in-store marketing company, has acquired UK-based Coutts Retail Communications. No financial terms were disclosed. Bezier is a portfolio company of MidOcean Partners. PRESS RELEASE MidOcean Partners, a leading private equity firm with offices in New York and London, announced that its portfolio company bezier, Europe's largest in-store marketing company, has completed the acquisition […]
Parker Hannifin Corp. (NYSE: PH) has acquired Vansco Electronics from Kilmer Capital Partners and Borealis Private Equity. No financial terms were disclosed, except that Vansco had 2007 sales of approximately $180 million. Vansco is a Canadian maker of electronic controls, sensors, displays, terminals, communication and operator interfaces. PRESS RELEASE Parker Hannifin Corp., the global leader […]
Thoma Bravo, a Chicago-based private equity firm focused on mid-market software opportunities, has held a $520 million first close on its ninth fund and has reduced the overall target from $1 billion to $800 million, according to LBO Wire. www.tcb.com
ONStor Inc., a Campbell, Calif.-based provider of clustered NAS storage solutions for the enterprise, has called down $14.88 million of a $25 million Series F round, according to a regulatory filing. Return backers include Foundation Capital, Velocity Interactive Group (f.k.a. ComVentures), Mayfield and Worldview Technology Partners. ONStor had previously raised around $115 million since 2001. […]
Dash Navigation Inc., a Mountain View, Calif.-based provider of Internet-connected automotive GPS devices, has called down $30.2 million of a $35 million Series C round, according to a regulatory filing. Return backers include Crescendo Ventures, Kleiner Perkins Caufield & Byers, Sequoia Capital, Skymoon Ventures and ZenShin Capital Partners. www.dash.net
WASHINGTON (AP) — Radio One Inc. said Thursday it acquired niche social networking company Community Connect Inc. for $38 million to complement its radio, TV and online assets. Community Connect owns and operates sites including BlackPlanet.com, MiGente.com and AsianAve.com and has more than 20 million members. The New York-based company employs about 100 workers, according […]