Private Equity
Livefyre, a provider of social commenting and real-time applications, has announced the release of its second-generation conversation platform along with a Series B round of financing. The $4.5M investment was led by Greycroft Partners and included digital media investors Cue Ball, HillsVen Group, and ff Venture Capital. The funding round allows Livefyre to scale engineering and sales efforts, as well as accelerate development of its aggressive innovation roadmap.
4 min read · 18 October 2011
Siklu, a pioneer in the wireless backhaul market has closed a $19 million Series B investment. New investors in this round include Amiti Ventures, Qualcomm Incorporated and another undisclosed strategic investor. They have been joined by existing investors: DFJ- Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity.
3 min read · 18 October 2011
Global private equity fund Kohlberg Kravis Roberts and Asian buyout fund MBK Partners are among bidders for a majority stake in Samsung Group procurement arm iMarketKorea Inc , in a rare divestment by the South Korean conglomerate, two sources told Reuters on Tuesday.
1 min read · 18 October 2011
Global professional services firm Rothstein Kass, a service provider to the alternative investment community, has published "Private Equity Fund, L.P, Proforma - Financial Statements and Independent Auditors Report," a reference guide for the preparers of financial statements for private equity funds.
3 min read · 18 October 2011
Panmira Pharmaceuticals has appointed Hari Kumar as chief executive officer. Panmira was spun out of Amira Pharmaceuticals prior to Amira's acquisition by Bristol-Myers Squibb. Investors include Dr. Brad Bolzon (Versant Ventures), Mr. Kevin Kinsella (Avalon Ventures), Dr. David Schnell (Prospect Venture Partners) and Dr. Heath Lukatch (Novo A/S).
1 min read · 18 October 2011
CIVC Partners, a Chicago-based private investment firm, has acquired Honor Finance in a management buyout. Honor Finance also announced that a new line of credit has been secured from Wells Fargo Preferred Capital.
2 min read · 18 October 2011
Clairvue Capital Partners has acquired a secondary interest in Buchanan Fund V from an unnamed institutional investor. Buchanan V is managed by Buchanan Street Partners, a real estate investment manager based in Newport Beach, California.
3 min read · 18 October 2011
DriveCam, a global driver risk management company, has appointed Drew Martin as chief information officer effective October 3, 2011. DriveCam was recently recognized as #30 in The Wall Street Journal's listing of Top 50 Venture-Backed Companies. The San Diego-based company has previously secured backing from Leader Ventures, Triangle Peak Partners, Menlo Ventures, JMI Equity, Insight Venture Partners and Integral Capital Partners.
2 min read · 18 October 2011
Lincoln Park Capital Fund, a Chicago-based institutional investor has committed to invest up to $15 million of equity capital in Marina Biotech, an oligonucleotide-based drug discovery and development company.
4 min read · 17 October 2011
Airbnb, a community marketplace to discover and book unique spaces from people around the world, has joined forces with Springstar, a global internet incubator founded by Klaus Hommels, Harish Bahl, and Oliver Jung. Springstar will provide strategic guidance in the expansion of Airbnb’s international operations in select markets around the world.
2 min read · 17 October 2011
