Entropic Communications Inc., a San Diego-based provider of home networking for digital entertainment, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol ENTR, with Credit Suisse and Lehman Brothers serving as co-lead underwriters. Entropic has raised over $75 million in total VC funding since 2001, from firms […]
K12 Inc., a Herndon, Va.-based provider of online education curricula and learning programs, has filed for a $172.5 million IPO. It plans to trade on the NYSE under ticker symbol LRN, with Morgan Stanley and Credit Suisse serving as co-lead underwriters. K12 has raised around $45 million in VC funding, from firms like Constellation Ventures. […]
Today's stock market dive was particularly tough on Blackstone Group (NYSE: BX), which saw its shares drop more than 8% — down to $23.42 per share. It is now down nearly 25% off its $31 per share IPO price.
Advent International has closed its fourth Latin America private equity fund with $1.3 billion in capital commitments. It is believed to be the largest such fund ever raised. www.adventinternational.com
PowerFile Inc., a Santa Clara, Calif.-based provider of online archive solutions for digital content, has raised around $10 million in Series C funding, according to a regulatory filing. Northgate Capital was joined by return backers Sequoia Capital and Silver Creek Ventures. www.powerfile.com
Fazle Husain has agreed to join MetalMark Capital as a managing director, with a focus on the healthcare sector. He currently is a managing director with Morgan Stanley, where he has served on the boards of such companies as Allscripts Healthcare, Cambridge Heart, Cross Country, The Medicines Co., SouthernCare Hospice and Suros Surgical. www.metalmarkcapital.com
R.H. Donnelley Corp. (NYSE: RHD) has agreed to acquire Business.com for $345 million in cash and deferred purchase consideration. The deal is expected to close later this quarter, at which point Business.com CEO Jake Winebaum will be appointed president of R.H. Donnelley's interactive unit. Business.com is a Santa Monica, Calif.-based business search engine, directory and […]
DivX Inc. (Nasdaq: DIVX) announced that it is spinning off user-generated video site Stage6 into its own private company. The move is expected to occur later this year, dependent on Stage6's ability to secure venture capital funding. DivX CEO Jordan Greenhall is stepping down in order to lead the process, while company president Kevin Hall […]
Fusion Antibodies Ltd., a Belfast-based developer of antibody therapies for cancer, has raised Gbp1.2 million in second-round funding. Backers include Crescent Capital, Viridian Growth Fund, Quibis Ltd., University Challenge Fund and Invest Northern Ireland. www.fusionantibodies.com
TriWest Capital Partners has closed its third fund with Cdn$250 million in capital commitments. The Calgary-based firm focuses on mid-market Canadian companies with operating earnings of between Cdn$10 million and Cdn$40 million. In conjunction with the fund closing, TriWest has promoted both Chad Danard and Ryan Giles from senior associate to vice president. www.triwest.ca