GE capital

GE limits bidders for sponsored finance business to 12

General Electric has sent out nondisclosure agreements (NDAs) to potential bidders of its sponsored finance business, which includes Antares, three sources said. The company is limiting the field to 12 interested buyers, sources said.

charles darwin stamp shutterstock_115195435

Deaths of the unfit outnumber survival of the fittest

There are 45 healthcare companies in the Fortune 500. History says some 86 percent of them are doomed to obscurity if they don’t learn how to adjust to life after the giant asteroid hits earth, also known as full implementation of the Affordable Care Act.

VC-backed GMZ Energy names business development VP

GMZ Energy has hired Scott Rackey as vice president of business development. Previously, Rackey was CEO of four energy startups. Based in Waltham, Mass. GMZ is a developer of high temperature thermoelectric generation solutions. Its backers include Kleiner Perkins Caufield & Byers, BP Alternative Energy, I2BF, Mitsui Global Investment and Energy Technology Ventures (a joint venture between General Electric, NRG Energy and ConocoPhillips).

News Corp Chairman and CEO Rupert Murdoch listens to a question at the "The Economics and Politics of Immigration" Forum in Boston

peHUB Second Opinion

In Second Opinion, Rupert Murdoch’s 21st Century Fox’s $80 bln bid for Time Warner is rejected, Murdoch really wants HBO pretty bad, Amazon is testing “Kindle Unlimited” and smoking pot can occasionally make you paranoid.

fathers day

peHUB Second Opinion

In Second Opinion, CEO Mickey Drexler has amassed more than $350 million from the LBO of J. Crew, only 2 percent of LinkedIn employees are black and another exec leaves Twitter. Happy Father’s Day everyone!

ThetaRay gets backing from Poalim Capital Markets

Poalim Capital Markets, the investment banking arm of Bank HaPoalim, has backed startup ThetaRay, which specializes in protecting critical infrastructure. ThetaRay was founded by two renowned mathematicians, Prof. Amir Averbuch of Tel Aviv University, and Prof. Ronald Coifman of Yale, and its beginnings can be traced to the JVP Cyber Labs incubator. ThetaRay has also received investments from JVP and GE.


GE Unveils Big Data-Related Challenge to Improve Aviation, Health Care Industries

At its “Minds and Machines” conference in San Francisco, GE announced today its “Industrial Internet Quests” challenge to developers and data scientists to create new algorithms and design applications to reduce air travel delays and improve the patient experience. Winners of the challenge will receive a $600,000 stake for mining data and developing solutions for productivity.

NanoString Technologies Appoints New CFO

NanoString Technologies, a provider of life science tools and developer of molecular diagnostics, has appointed James A. Johnson as the company’s new chief financial officer. Johnson assumes this role from Wayne Burns who will remain with the company in his new position as senior vice president, operations and administration. NanoString Technologies is backed by GE, BioMed Ventures, Clarus Ventures, Draper Fisher Jurvetson and OVP Venture Partners.

Slideshow: Where the Biotech & Device Investors Are–Q4 Edition

Lately, there’s been a whole lot of bemoaning of this and that to explain why VCs are abandoning the biotech and device space and why strategics are slowing early-stage funding. Lawmakers and regulators have made it too tough to IPO. Lawmakers and regulators have made it too tough to get anything approved at the FDA. […]

Better Place Secures Series C

Better Place has raised $200 million through a Series C equity financing from a consortium of investors and partners. Since its founding in 2007, Better Place has raised more than $750 million of equity financing. New investors include GE and UBS AG, among others. Existing shareholders, including Israel Corp, HSBC Group, Morgan Stanley Investment Management, […]

peHUB First Read

They’ve Got Daylight! Sinopec strikes a big deal

He Does Yahoo! Yang eyes buyout alongside LBO shops

The Mystery behind Steve Jobs’ plateless car

Uh-Oh: Tolerx auctioning off assets cheap?

It’s a Grim Market: No-go for tech IPOs

Being Un-VC: Shaking up a broken system

Any wind in the sails? GE backs Indian clean energy venture

Government Connections: KKR boosts profile in South East Asia

What a bargain! Belgian bank sale falls short

Virtual World with Real Identities: Shaker brings in the money

Under Pressure: FDA in the VC firing line

Saving Face: The ten most popular companies on Facebook

GE Backs 10 Companies with $63M

GE and its venture partners are funding 10 home energy start-ups to the tune of $63 million, as part of its $200 million “GE ecomagination Challenge,” the company announced Thursday. The latest round of investments and commercial partnerships are aimed at household energy efficiency. The newly backed companies include Boston-based Ember; Waltham, Mass.-based GMZ Energy; San Mateo, Calif.-based Hara; Austin-based Nuventix; San Francisco-based Project Frog; and San Francisco-based SunRun. GE is co-investing on several companies with venture investors including Kleiner Perkins Caufield & Byers, RockPort Capital and Foundation Capital.

Top 10 peHUB Posts This Week (New Regular Reader Edition)

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are the blog posts written by our staff this week that garnered the most pageviews by our regular readers from March 28 to April 1. (Note: Instead of tracking total pageviews, this list now tracks pageviews by return readers to make it more relevant to our core audience. –Ed.)

Post No. 1: Slideshow: Top Performing VC-backed Chinese IPOsby Lawrence Aragon

Post No. 2: Who Are The Most Influential VCs and Angels? Check Out This Listby Mark Boslet

Post No. 3: Harris Williams, Known for Keeping its Senior Bankers, Sees 7 MDs Leave Since 2009by Luisa Beltran

Post No. 4: Best and Worst of Ventureby Joanna Glasner

Post No. 5: SecondMarket Looking Into Cutting Out the Middleman (VC Firms)by Jonathan Marino

Post No. 6: A Case Study In What Not to Do: America’s Biggest Company Goes Down in Flames on Twitterby Connie Loizos

Post No. 7: One Institutional LP on VCs Buying Up Secondary Sharesby Connie Loizos

Post No 8: After Blippy, Pud Contemplates His Next Moveby Connie Loizos

Post No. 9: NY Shop To Close Fund V At Hard Capby Bernard Vaughan

Post No. 10: Apollo Shareholder Puzzle: Where Do You Fit In?by Gregory Roth

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