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News Briefs

GlobalStar Inc., a Milpitas, Calif.-based provider of voice and data communications services via satellite, priced 7.5 million common shares at $17 per share, for an IPO take of approximately $127.5 million. The company had been planning to price 6.5 million shares between $16 and $18 per share. It will trade on the Nasdaq under ticker […]
MobiTV Inc., an Emeryville, Calif.-based provider of mobile and broadband television and music services, has raised $30 million in additional Series C funding. The total round now comes in at $100 million, with a post-money valuation in excess of $400 million. Adobe Systems and Hearst Corp. came in as new backers, while existing shareholders include […]
Eric Risley has joined Rutberg & Co. as senior managing director and head of I-banking. He previously ran the software corporate and I-banking group at Banc of America Securities. www.rutbergco.com
Duff & Phelps has acquired Chanin Capital Partners, a specialty I-bank specializing in distressed situations. No financial terms were disclosed. www.duffandphelps.com www.chanin.com
Allot Communications Ltd., an Israel-based provider of broadband service optimization solutions using DPI technology, has filed for an IPO of 6.5 million ordinary shares to be sold at between $9 and $11 per share. It plans to trade on the Nasdaq under ticker symbol ALLT, with Lehman Brothers and Deutsche Bank Securities serving as co-lead […]
Clear Channel Communications (NYSE: CCU) has retained Goldman Sachs to evaluate “various strategic alternatives to enhance shareholder value.” One such alternative could be an $18.5 billion buyout, with interested firms including Blackstone, KKR, Providence Equity Partners and Thomas H. Lee Partners. www.clearchannel.com Apax Partners France has agreed to acquire Telenor Satellite Services from Telenor (Nasdaq: […]
The Blackstone Group and PAI Partners have agreed to buy UK-based biscuits maker United Biscuits from Cinven and MidOcean Partners. The deal is valued at just over ₤1.6 billion, and gives United Biscuits an enterprise value of around ₤2.4 billion. Blackstone had been considered the leading bidder for several weeks, after a Premier Foods-led group […]
Q3 Venture Capital Totals: Venture Capitalists invested $6.2 billion in 797 deals in Q3 of 2006, a decrease of eight percent from Q2, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data by Thomson Financial (publisher of PEW Wire ). The quarter saw increased investment in seed and […]
Jingle Networks Inc., a Menlo Park, Calif.
Thoma Cressey Partners is planning to close its Boston office, according to Private Equity Insider. The firm will continue to maintain its Chicago and San Francisco offices, with East Coast interests to be run out of Chicago. David Mayer, a TCP partner who launched the Boston office two years ago, is expected to leave the […]
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