Norwest Equity Partners has secured a $1.2 billion commitment for its ninth fund, according to LBO Wire. The entire amount came from sole limited partner Wells Fargo & Co. peHUB had previously reported that NEP affiliate Norwest Mezzanine Partners had recently received a $500 million commitment for its third fund, also from Wells Fargo. www.nep.com
BrainCells Inc., a San Diego-based drug company focused on mood and anxiety disorders, has held a $30 million first close on its Series B round. The company expects to secure another $10 million within the next several months. MedImmune Ventures led the tranche, and was joined by return backers Bay City Capital, Oxford Bioscience Partners, […]
James Rubin and Daniel Selmonosky have joined BC Partners as senior partners in the firm's New York office, effective May 1. They previously were founding partners with One Equity Partners. In related news, Raymond Svider and Justin Bateman will relocate from BC Partners' London office to New York. PRESS RELEASE BC Partners, the […]
Jivox, a San Mateo, Calif.-based online video advertising platform for local businesses, has raised $2.7 million in seed funding led by Opus Capital. Also participating was company founder Diaz Nesamoney, who previously helped form both Informatica (Nasdaq: INFA) and Celequest (acquired in 2007 by Cognos). PRESS RELEASE Jivox, a self-service online video advertising platform […]
Zivity, a provider of subscription-based social networking for the 18+ market, has raised $7 million in Series B funding. Backers include BlueRun Ventures and Founders Fund. PRESS RELEASE Zivity, a company creating a new category of subscription-based social networking for the 18 and over market, has raised $7 million in Series B financing from […]
Kyte, a San Francisco-based company that lets users post music and online video at multiple destinations, has raised $6.1 million in additional Series B funding. This brings the round total to $21.1 million, including a $15 million first close announced in December. Steamboat Ventures and Intellect Capital Ventures participated on the new tranche, while prior […]
Altierre Corp., a San Jose, Calif.-based provider of wireless pricing solutions for retailers, has raised $22 million in Series C funding. The Galleon Group led the round, and was joined by return backers D.E. Shaw, ATA Ventures, Kinetic Ventures and Labrador Ventures. The company had previously raised $30 million in VC funding since January 2005. […]
NEW YORK (Associated Press) – Investment bank Cowen Group Inc. (COWN) said Friday it will acquire Latitude Capital Group for an undisclosed sum. Latitude Capital is an investment banking firm headquartered in Hong Kong with offices elsewhere in China. The acquisition will boost Cowen Group's Asian presence. The deal is expected to close during the […]
Goldman Sachs has promoted Tim Ingrassia to head of M&A in the Americas, according to a memo obtained by DealBook. He joined the firm in 1986, and most recently served as head of the firm's consumer retail group. Get more information.
Thomas Bernhardt has joined PCG Asset Management as a senior vice president and head of research. He previously was a senior research analyst with CTC Consulting Inc., a subsidiary of Bank of America. PRESS RELEASE PCG Asset Management, LLC (“PCG AM“), a leading private equity investment management and advisory firm based in La Jolla, […]