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Pioneer Group Sells Interest in VC Outfit –

19 years ago

BOSTON – Pioneer Group Inc. (PGI), a manager of mutual funds and institutional investments, in late March is slated to sell its interest in the firm’s venture arm, Pioneer Capital Corp., to an undisclosed “reputable name” in the secondary market, said venture group General Partner Walter Dick. “The decision to sell the VC interests accommodates […]

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Walden/Tai Lawsuit Ends in Settlement –

19 years ago

SAN FRANCISCO – A lawsuit against William Tai, filed by the Walden Group of Capital Funds, ended in February with a settlement between the two parties and a statement by Walden acknowledging that Mr. Tai had not committed any wrongdoings before his departure from the firm, said Rob Bunzel, Mr. Tai’s attorney. Neither party would […]

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Covad Communications –

19 years ago

SANTA CLARA, Calif. – Covad Communications Group Inc., a provider of high-speed digital communications services, went public January 21. The company offered 7.8 million shares at $18 apiece, well above its $12 to $15 filing range. The offering, underwritten by Bear, Stearns & Co. Inc., BT Alex. Brown, Donaldson, Lufkin & Jenrette and Goldman, Sachs […]

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Select Comfort Corp. –

19 years ago

MINNEAPOLIS – Select Comfort Corp., a nationwide retailer of air mattresses and sleep products, went public December 4, offering 4 million shares at $17 apiece. The stock priced at the high end of the company’s $15 to $17 filing range. The initial public offering, underwritten by Hambrecht & Quist, BancBoston Robertson Stephens, Piper Jaffray Inc. […]

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InfoSpace.com Inc. –

19 years ago

REDMOND, Wash. – InfoSpace.com Inc., an aggregator and integrator of Internet content services, went public December 15, offering 5 million shares at its proposed filing range of $15 each. The initial public offering, which left 20.1 million shares outstanding, was underwritten by Hambrecht & Quist, NationsBanc Montgomery Securities L.L.C. and Dain Rauscher Wessels. There were […]

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Battery Ventures –

19 years ago

WELLESLEY, Mass. – Battery Ventures, founded in 1983, targets high technology companies, primarily in the communications and software industries. While the firm mainly focuses on the United States, it has made investments in Israel and currently is reviewing other opportunities abroad, General Partner Thomas Crotty said. Most investments are made in early-emerging companies, but start-ups […]

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iVillage Inc. –

19 years ago

NEW YORK – iVillage Inc., an online women’s network, filed to go public December 11. The initial public offering’s size and the stock’s proposed filing range had not been determined at press time. Venture backers include America Online Inc., CIBC Wood Gundy Ventures, Cox Interactive Media Inc., Rho Management Trust I and Tenet Healthcare Corp. […]

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Exchange Applications Inc. –

19 years ago

BOSTON – Exchange Applications Inc., a provider of open enterprise customer optimization software and solutions, held an initial public offering December 8. The company offered 3 million shares at $11 each, above its $8 to $10 filing range. The offering, underwritten by BT Alex. Brown, Hambrecht & Quist and Adam Harkness & Hill Inc., left […]

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P.F. Chang’s China Bistro Inc. –

19 years ago

PHOENIX – P.F. Chang’s China Bistro Inc., owner and operator of a full-service Chinese restaurant chain, went public December 4, offering 3.3 million shares. The stock priced at $12 apiece, above the company’s $8 to $10 filing range. The initial public offering, underwritten by Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities L.L.C. and Dain Rauscher […]

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Redleaf Divides Firm To Keep Focus Local –

19 years ago

SARATOGA, Calif./SEATTLE – In an effort to preserve its strategy of backing early-stage Internet companies with intense hands-on assistance and capital, Redleaf Venture Management L.L.C. has split into two firms, one in California and the other in Washington. Seattle-based Russ Aldrich, a managing director of Redleaf Venture I, has formed Crossroad Ventures with Jim Thornton, […]

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Thomson Uses VC To Enlarge Stable –

19 years ago

BOSTON – Another corporation has entered the venture capital fray. TF Ventures has been formed to identify and invest in early-stage companies that could be acquisition candidates for business units within its parent company, Thomson Financial Services (TFS). TFS is a division of The Thomson Corp. and the parent owner of Venture Capital Journal. Investments […]

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Comcast Formalizes Strategic VC Effort –

19 years ago

PHILADELPHIA – In an attempt to better leverage its core business, Comcast Corp., one of the nation’s largest cable television operators, in early January launched the Comcast Interactive Capital Group, an independent venture capital unit focused on the Internet. Comcast, which will dedicate $100 million to the captive fund, is no stranger to venture capital, […]

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CSFB Approaches Fund-of-Launch –

19 years ago

NEW YORK – Investment bank Credit Suisse First Boston (CSFB) in early January was finalizing the private placement memorandum for its long-awaited new fund-of-funds and expected to launch the vehicle by the end of the month. The $500 million-targeted fund for institutional clients primarily will focus on international and domestic buyout vehicles, but also will […]

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Pequot Spins Out, Eyes Fund Close –

19 years ago

WESTPORT, Conn. – Pequot Capital Management Inc. in early January spun out of Dawson-Samberg Management Inc. and anticipated a first close on its new venture vehicle by the end of the month, a source said. The amicable spinoff, first announced last August but not effective until January 1, was a natural evolution of the business, […]

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APV Anticipates Close For Institutional Fund –

19 years ago

MENLO PARK, Calif. – Asia Pacific Ventures (APV) is preparing for a first and possibly final close in March on its inaugural fund aimed at institutional investors, said General Partner Pete Bodine. Targeting $100 million, APV Technology Partners Institutional Fund will invest side-by-side with the $83 million APV Technology Partners II, a corporate investors’ vehicle […]

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DFJ Launches East Coast Fund –

19 years ago

RESTON, Va./CHAPEL HILL, N.C. – In an effort to capitalize on the flourishing Internet sector in the Mid-Atlantic and Southeastern United States, Draper Fisher Jurvetson in early January launched the Draper Atlantic Venture Fund, the latest of several early-stage, geographically-focused satellite funds the firm has launched in recent years. Draper Atlantic was formed to take […]

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KKR Delves into Europe with $3B Fund –

19 years ago

NEW YORK – Kohlberg Kravis Roberts & Co. in early January launched a debut European fund targeted at $2 billion and capped at $3 billion. If it exceeds its target, KKR potentially will control the largest buyout partnerships in both the United States and in Europe. The firm is trying, not for the first time, […]

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VCs Rake In $22.2 Billion in Frothy 1998 Pensions Provide More Than Half –

19 years ago

NEWARK, N.J. – Venture capitalists in the United States raised a record $22.2 billion last year, beating 1997’s figure by about $9.4 billion, according to preliminary data compiled by Venture Economics Information Services (VEIS), a sister company to VCJ. It is important to note, however, that $5 billion of last year’s take came from Warburg, […]

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