This morning First Read brings you the latest PE and VC headlines revealing the start-up hub catching up Silicon Valley, how to build a biotech cluster, Washington's waning interest in venture and a maiden deal from a Canadian newcomer.
1 min read · 20 November 2012
3 min read · 20 November 2012
The 2007 vintage DLJ South American Partners is the top performer in this week’s LP Scorecard, which takes a look at the top-ten performing Latin American private equity vehicles in the Buyouts fund returns database.
3 min read · 20 November 2012
Huntsman Gay Global Capital has appointed Jim Learner as a managing partner. The middle-market private equity has also promoted three current executives to principal.
4 min read · 19 November 2012
UK-based Mercia Fund Management has announced an over subscription to the SEIS portion of its Mercia Growth Fund, less than three months after the fund’s launch. The Mercia Growth Fund was launched to investors at the end of August and has already achieved its fund raising targets.
3 min read · 19 November 2012
The Resolute Fund, an affiliate of The Jordan Company, has partnered with the management team of Sequa Automotive Group to purchase the business from its parent company, Sequa Corporation, an industrial company with operations in aerospace and metal coatings. Financial terms of the transaction were not disclosed.
3 min read · 19 November 2012
The SPECTRUM Group has appointed Kedar Gangopadhyay and Lindy Allyn to its investment banking team as principal and senior vice president, respectively. Both report to Tom Gallagher, managing director and CEO of Spectrum Capital Advisors. The SPECTRUM Group, headquartered in Alexandria, is a defense consulting firm.
2 min read · 19 November 2012
Leeds Equity Partners is to sell Ex Libris™ Global Holdings to Golden Gate Capital, a San Francisco-based private equity investment firm. Terms of the transaction were not disclosed. Ex Libris is the leading provider of cloud-based and on-premise content and knowledge management software solutions for academic and research institutions.
3 min read · 19 November 2012
Heelys has announced a special meeting related to the sale of its assets, a plan of liquidation and dissolution and related matters. Reuters reported in October that the maker of children’s sneakers with wheels in them, was selling itself to Evergreen Group Ventures. Evergreen Group Ventures has informed the company that it plans to continue producing, distributing and marketing shoes under the Heelys brand name after completion of the sale.
10 min read · 19 November 2012
Catch up on the latest headlines after the weekend with this morning's First Read which reveals the latest Asian deals, how European venture is blooming and the bursting of the cleantech bubble.
1 min read · 19 November 2012
