Marty Felsenthal has joined Boston-based HLM Venture Partners as a general partner, and head of a new San Francisco office. He previously was a general partner with Salix Ventures. www.hlmventurepartners.com
Michael Ross has joined Babson Capital Management as a managing director in the firm's mezzanine and private equity group. He will be based in a new Los Angeles office that is scheduled to open in the fall. He previously was with UnionBanCal Equities, where he worked in such area's as leveraged equity sponsor finance. www.babsoncapital.com
Validus Holdings Ltd., a Bermuda-based reinsurance company, raised $334.4 million via its IPO. The company priced 15.2 million common shares at $22 per share, which was below both its expected share amount (15.7 million) and price range ($24-$26). It has an initial market cap of approximately $1.58 billion. Validus will trade on the NYSE under […]
BladeLogic Inc., a Lexington, Mass.-based provider of data center automation software, raised $85 million via its IPO. It priced five million common shares at $17 per share, after revising its range upward from $12-$14 per share to $16-$17 per share. Its initial market cap is approximately $440 million. BladeLogic will trade on the Nasdaq under […]
Monotype Imaging Holdings Inc., a Woburn, Mass.-based provider of text imaging software, raised $132 million via its IPO. The company priced 11 million common shares at $12 per share ($13-$15 range), which gives it an initial market cap of approximately $403 million. Monotype plans to trade on the Nasdaq under ticker symbol TYPE, while Banc […]
Archemix Corp., a Cambridge, Mass.-based biopharma company focused on developing aptamer therapeutics, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol ARCH, with Banc of America Securities and Bear Stearns serving as co-lead underwriters. Archemix has raised around $132 million in VC funding since 2001, from firms […]
Steven Ratoff, a venture partner with ProQuest Investments, has been named interim president and CEO of NovaDel Pharma Inc. (AMEX: NVD), following the resignation of Jan Egberts. Ratoff has been on the NovaDel board since 2004, and chairman since 2006. The company said that it plans to initiate a search for a permanent replacement. www.novadel.com
Zipit Wireless Inc., a Greenville, S.C.-based maker of a low-cost portable IM device, has raised $4.5 million in Series A funding. Backers include Windspeed Ventures, SunBridge Partners, Meritus Partners and seed backer SC Launch. www.zipitwireless.com
Q4bis Inc., an Irvine, Calif.-based provider of decision support software, has raised $6 million in Series A funding. TVC Capital of San Diego led the round, with TVC partners Steve Hamerslag and Jeb Spencer joining the Q4bis board of directors. www.q4bis.com
Lululemon Corp., a Vancouver-based athletic apparel designer and retailer, has increased its IPO price range from $10-$12 per share to $15-$17 per share. It still plans to sell 18.2 million shares, and now would be valued at $1.17 billion, if it were to price at the high end of its revised range. Lululemon plans to […]