Private Equity
2 min read · 22 April 2009
2 min read · 22 April 2009
1 min read · 15 April 2009
2 min read · 15 April 2009
DFJ Gotham has raised $35 million toward a $125 million second fund, according to a regulatory filing. That’s more than twice what the firm raised during its previous close in September 2007. So far, the New York-based Draper Fisher Jurvetson affiliate has raised the money from 36 investors, including CS Strategic Partners IV VC Holdings and Lehman Brothers Custom Fund A. The proposed target is slightly more than the $107 million DFJ Gotham raised for its debut fund in 2000.
2 min read · 08 April 2009
Earth Class Mail Corp., a Seattle-based company that aims to re-invent the business of delivering snail-mail, is out to raise between $11 million and $20 million for its Series B financing within the next several weeks, CEO Ron Wiener tells peHUB. The startup last year raised $13.4 million in a Series A round from Ignition Partners and the Keiretsu Forum, a group of angel investors. In addition, the company secured a $3 million senior secured debt financing from Comerica and a $5.1 million convertible note financing last year, for a total of $21.4M of capital raised to date. Earth Class Mail works with postal services to scan mail and deliver it electronically to its clients. The service is said to be green since it helps to reduce carrier miles and promotes recycling.
2 min read · 01 April 2009
Mid-market private equity firm Thoma Bravo recently closed its ninth fund with $822.5 million in capital commitments. The fund, which the firm said was oversubscribed, focuses on buyouts in the software, business and financial services and education industries. “We are pleased to have exceeded our fund-raising goal despite a challenging environment,” Carl Thoma, one of the firm’s four managing directors, said in a statement. We've got five more questions for him: Q: How is the downturn affecting your firm? A: We’re seeing more opportunities now than we saw six months ago. From the buy side the opportunities are better than what we’ve seen. Public valuations have gotten so low there are going to be a lot of opportunities to take private. Stocks that were $15 are now $5 but their earnings are still going up. Consumer space is the one that everyone is trying to decide if you jump into that space yet or not, since earnings there are really coming down.
2 min read · 25 March 2009
Warren Buffet’s executive air-travel company NetJets has hired Goldman Sachs to raise up to $1.4 billion in debt, according to a government filing. NetJets has $1.2 billion of short-term debt notes outstanding as of early February, documents show. The company became a subsidiary of Buffet’s Berkshire Hathaway holding company in 1998.
2 min read · 18 March 2009
Unemployment may have hit the highest level in the last quarter century, but one company is working to keep shirts on the backs of laborers: Work ‘n Gear, a Weymouth, Mass.-based startup, raised $6.5 million from investors in a Series A financing, according to a regulatory filing. The company runs a chain of retail stores and an e-commerce website that sells clothing for working people, such as steel-toe boots, pants with re-enforced knee pads, chef’s hats, scrubs and lab coats. Work ‘n Gear carries such brands as Dickies, Carhartt and Nurse Mates in its more than 40 retail stores in the U.S. Northeast and Midwest.
1 min read · 18 March 2009
1 min read · 11 March 2009
