Angelo Gordon & Co. is planning to raise $900 million for its fourth turnaround fund. The main vehicle will be targeted at $700 million, with a $200 million reserve fund raised for deals in excess of $75 million. In other Angelo Gordon news, the firm has hired Jeff Fienberg as a managing director and Harish […]
PowerReviews, a Millbrae, Calif.-based provider of customer reviews and social merchandising solutions for online retailers, has raised $15 million in new VC funding. Lehman Brothers Venture Partners led the deal, and was joined by return backers Menlo Ventures and Draper Richards. www.powerreviews.com
HubSpot, a Cambridge, Mass.-based online marketing platform for small and mid-sized businesses, said that it has raised $5 million in a funding round led by General Catalyst. A regulatory filing places the round at closer to $5.6 million. www.hubspot.com
Tapioca Mobile has raised an undisclosed amount of seed funding from Venrock. The San Diego-based company helps media companies and advertisers deliver video and rich media to consumers through their cell phones. As part of the deal, Venrock's David Siminoff and Neeraj Choubey have joined the Tapioca board of directors. www.tapiocamobile.com
GoAmerica Inc. (Nasdaq: GOAM) has agreed to acquire Hands On Video Relay Services Inc., a Rocklin, Calif.-based provider of audio and video communications for deaf and hard-of-hearing people. The deal is valued at approximately $69 million, including $35 million in cash and 6.7 million shares of GoAmerica common stock. Clearlake Capital will help finance the […]
ITSolutions, a Silver Springs, Md.-based provider of IT services to federal, state and local government agencies, has agreed to acquire Codin Solutions Inc., a Herndon, Va.-based provider of IT services to the U.S. federal government. No financial terms were disclosed. ITSolutions is backed by Edgewater Funds. www.itsolutions-llc.com
Thoma Cressey Bravo is talking to LPs about splitting into two independent operations, according to Private Equity Insider. The discussions are still in their early phase, but would result in name partners Orlando Bravo and Carl Thoma running one firm, with healthcare specialist Bryan Cressey running another. www.tcb.com
Reginald Mills has agreed to join Credit Suisse as a managing director and head of European equity private placements, effective next week. He previously spent six years with NM Rothschild, where he headed the private equity agency practice. www.credit-suisse.com
Dan Broderick has joined Prolog Ventures as its fourth partner. He previously was a managing director with Mason Wells. www.prologventures.com
Steven Pidgeon and David Lewis have joined the Phoenix law office of DLA Piper as partners in the corporate and securities practice group. They previously were with Snell & Wilmer LLP. www.dlapiper.com