1 min read · 15 July 2013
Private equity firms invested $347 billion in more than 2,000 portfolio companies in the United States last year, according to the the Private Equity Growth Capital Council’s annual “Private Equity: Top States and Districts” report.
1 min read · 12 July 2013
Stephen Schwarzman has heralded the addition of Madison Avenue luminary Shelly Lazarus to the The Blackstone Group‘s board of directors, just as the U.S. Securities and Exchange Commission has moved to lift rules prohibiting advertising by private equity firms.
2 min read · 12 July 2013
Québec City-based vaccine developer Medicago Inc. has agreed to be bought for $357 million by Japan's Mitsubishi Tanabe Pharma Corp. The company's board of directors unanimously approved the deal, which will next be considered at a shareholders meeting expected to occur before the end of August. Medicago has since the 1990's been backed by Canadian venture capital firms, including the Fonds de solidarité des travailleurs du Québec FTQ and Innovatech, and went public in 2006.
7 min read · 12 July 2013
The Québec Culture Capital Fund (QCCF) and Montréal-based film and TV producer Muse Entertainment Enterprises Inc. have together formed the $6.25 Muse International Television Fund. The new fund will focus on acquiring rights for the international distribution of Muse Entertainment's original productions. QCCF is a culture-focused venture capital fund sponsored by the Québec government and the Fonds de solidarité des travailleurs du Québec FTQ.
3 min read · 12 July 2013
Victoria, British Columbia-based Pretio Interactive Inc., developer of a platform that connects users with rewards from top brands, has secured an undisclosed seed-stage financing from Canadian venture capital firms Wesley Clover International and Yaletown Venture Partners. Founded in 2012, Pretio is a graduate of entrepreneurship accelerators Accelerate Tectoria and Alacrity Foundation. Proceeds from the investment will allow the company to expand its sales activities, refine its services and make additional hires.
3 min read · 12 July 2013
Irving Place Capital doesn’t expect to begin fundraising for its next pool for at least another year, a source told sister website peHUB.
2 min read · 12 July 2013
5 min read · 10 July 2013
U.S. regulators were poised on Wednesday to lift a longtime ban on advertising for private securities offerings, paving the way for hedge funds, private equity funds and other asset managers to reach new investors through television and the Internet, according to sister news service Reuters.
2 min read · 10 July 2013
1 min read · 08 July 2013
