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NVIDIA Inc. –

18 years ago

SANTA CLARA, Calif. – NVIDIA Inc., a developer of three-dimensional graphics processors and related software, held an initial public offering January 21, offering 3.5 million shares at $12 each. The stock priced above the company’s $7 to $9 filing range. The IPO, which left 28.6 million shares outstanding, was underwritten by Morgan Stanley Dean Witter, […]

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IPOs in registration Invitrogen Corp. –

18 years ago

CARLSBAD, Calif. – Invitrogen Corp., a provider of research services to corporate, academic and government entities, filed to go public December 10. The company plans to offer 3 million shares at approximately $15 each. Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities and Warburg Dillon Read underwrote the initial public offering, which will leave 12.6 million […]

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Allaire Corp. –

18 years ago

CAMBRIDGE, Mass. – Allaire Corp., a Web development software provider, went public January 22, offering 2.5 million shares at $20 apiece. Shares priced above the company’s $15 to $17 filing range. The initial public offering, which left 10.5 million shares outstanding, was underwritten by Credit Suisse First Boston, Dain Rauscher Wessels and NationsBanc Montgomery Securities. […]

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Pennsylvania Early Stage Partners –

18 years ago

WAYNE, Pa. – Pennsylvania Early Stage Partners, a partially state-sponsored $50 million private equity vehicle, was launched in early 1998 to spur early-stage technology investments in Pennsylvania. The fund was established in response to Governor Tom Ridge’s Technology 21 initiative, which was launched several years ago to help boost the state’s high-tech industry and attract […]

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Friedman Billings Ramsey Group –

18 years ago

WASHINGTON, D.C. – Friedman Billings Ramsey Group, a full-service investment banking and asset management firm, invests in post-seed-stage electronic commerce, telecommunications and Internet-related businesses primarily in the greater Washington, D.C., area and the Mid-Atlantic United States. The firm closed its first venture fund, the $50 million FBR Technology Venture Partners, in late July 1998. The […]

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Portfolio Profiles: Enterprise Partners –

18 years ago

LA JOLLA/NEWPORT BEACH, Calif. – Enterprise Partners backs health-care and technology companies, focusing mostly on businesses in Southern California. Founded in 1985, the firm places some 80% to 85% of its capital in venture deals, preferring to be a company’s first institutional backer. Enterprise, however, does consider first- and second-stage opportunities. The firm invests the […]

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Morgan Grenfell Sets Euro 1.6B Goal –

18 years ago

LONDON – Deutsche Bank’s private equity arm, Morgan Grenfell Private Equity (MGPE), has set a euro 1.6 billion ($1.8 billion) target for Deutsche European Partners IV, a pan-European buyout fund focused on the United Kingdom, Germany and Italy. Formal fund raising for the vehicle began in February. Like many other recent fund efforts, Deutsche European […]

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NED Slated for Sale To Insurance Firms –

18 years ago

TOKYO – Nippon Enterprise Development Corp. (NED), a Japanese venture capital firm with offices in Tokyo, Taiwan and Palo Alto, Calif., is getting a new owner. Yasuda Fire & Marine Insurance Co. and Yasuda Mutual Life Insurance Co. will buy the practice from NED’s main shareholder, Japan’s Long Term Credit Bank, which was recently nationalized […]

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Packaged Ice Inc. –

18 years ago

HOUSTON – Packaged Ice Inc., one of the largest manufacturers and distributors of packaged ice in the United States, held an initial public offering January 29. The company offered 10.75 million shares at $8.50 apiece, below its $11 to $13 filing range. The IPO was underwritten by Merrill Lynch & Co., Jefferies & Co. Inc., […]

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Geocapital’s Euro Fund Notches First Close –

18 years ago

LONDON/FORT LEE, N.J. – Geocapital Partners’ first dedicated European fund exceeded its original $50 million (GBP30 million) target by $3.7 million at its first close in December. The vehicle, focused on small, established European computer software and information service companies, will hold a final close on a maximum of $70 million to $75 million in […]

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Hungarian-American Enterprise Fund Wraps Two Vehicles –

18 years ago

BUDAPEST, Hungary – The Hungarian-American Enterprise Fund (HAEF), an organization partially funded by the United States government at its inception about a decade ago, recently closed two new funds intended to spur the former communist nation’s venture capital market. HAEF in late January closed the $5 million Hungarian Innovative Technologies Fund, a seed- and early-stage […]

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Becker Takes Over SVB’s VC Practice –

18 years ago

MENLO PARK, Calif. – Silicon Valley Bank (SVB) in January transferred Gregory Becker to its Sand Hill Road office to replace Mike Weeks as head of the bank’s venture capital practice. Mr. Becker, a SVB senior vice president formerly based in Boulder, Colo., has experience working with venture capitalists, having referred deals to Colorado VCs […]

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Bowles Joins Forstmann Little –

18 years ago

NEW YORK – Several months after resigning as White House Chief of Staff, Erskine Bowles has joined Forstmann Little & Co. as a partner and has re-joined Carousel Capital, the firm he formed in 1996. Mr. Bowles said he has no plans to return to life in politics, dispelling rumors that he might run for […]

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Menkes Teams With Thomas Weisel –

18 years ago

SAN FRANCISCO – Some four months after his departure as a managing director at Hicks, Muse, Tate & Furst Inc., Alan Menkes has joined Thomas Weisel Partners to co-head its private equity program. The investment bank in January began pre-marketing its first private equity fund, a $500 million-targeted vehicle focusing on buyouts and growth equity […]

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Merrill Lynch Fires Four From PE Group –

18 years ago

NEW YORK – The bloodletting at Merrill Lynch & Co. has reached the firm’s profitable private equity group, which in January saw the firing of four top professionals. Managing Director Theresa Clark, Director David Mullane, Vice President Michael Smith – all investment bankers in the private equity group – as well as Dale Meyer, a […]

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Lucent Ventures Taps New Partner –

18 years ago

MENLO PARK, Calif. – In an effort to bolster its resources as a seed- and early-stage venture investor, Lucent Venture Partners, the $100 million captive vehicle for Lucent Technologies Inc., added entrepreneur Maureen Lawrence as a partner. Ms. Lawrence, who most recently ran her own technology start-up marketing and management consulting firm, spent several years […]

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TL Ventures Makes Pacitti Vice President –

18 years ago

AUSTIN, Texas – TL Ventures in January promoted senior associate Chris Pacitti to vice president to help the technology-focused firm manage its fourth fund, which is expected to close in late winter or early spring. Mr. Pacitti, who joined the firm as an analyst in 1995, has focused on evaluating investment opportunities and occasionally served […]

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U.K. Buyouts Surge, But Concerns Arise –

18 years ago

UNITED KINGDOM – Although U.K. buyout market value reached a record high for the third successive year in 1998, preliminary figures from the Centre for Management Buyout Research (CMBOR) confirm a notable slowdown in the final quarter. Dollars Up, Deals Down CMBOR reports a total deal value of GBP13.4 billion ($21.88 billion) for 1998, $4.9 […]

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