Online video platform company Brightcove Inc. has filed a with the Securities and Exchange Commission to raise $50 million in an initial public offering. Morgan Stanley and Stifel Nicolaus & Co. will act as joint book-running managers for the offering. Formed in 2004, Cambridge, Mass.-based Brightcove has raised more than $100 million in capital from investors including Accel Partners and General Catalyst Partners.
2 min read · 24 August 2011
The Private Equity Growth Capital Council has named Steve Judge, the council's vice president of government affairs, as interim president and chief executive officer. Judge replaces Douglas Lowenstein, who is stepping down as CEO as of September 1. The Washington, D.C.-based group is searching for a permanent president and chief executive.
3 min read · 24 August 2011
Great Portland Estates is in talks to buy the London headquarters of British broadcaster ITN News for about 140 million pounds ($231 million), Reuters reported Wednesday. London-based private equity firm Accrue Capital and a Malaysian pension fund have also bid on the property – a 293,000-square-foot property.
2 min read · 24 August 2011
Eric Steele has joined Catalyst Investors as a senior analyst. He was formerly an investment banking senior analyst in the communications and media group of Stifel Nicolaus Weisel. Catalyst Investors is a growth private equity firm based in New York.
2 min read · 24 August 2011
British media group Daily Mail & General Trust is selling its U.S. retail trade show management business to private equity firm Providence Equity Partners, Reuters reported Tuesday. The firm is paying about 106 million pounds ($174.2 million) for the business, George Little Management. The transaction is expected to complete in late September.
2 min read · 23 August 2011
E-commerce software company iCongo, which is backed my middle-market private equity investor Huntsman Gay Global Capital, has completed its merger with Hybris, a commerce software company. The companies’ management teams and shareholders invested alongside Huntsman Gay to retain a significant minority ownership stake. Terms of the deal were not released. The new company will operate under the Hybris name.
3 min read · 23 August 2011
Blue Sphere Corp., which is traded on the over-the-counter Bulletin Board, has sealed $20 million in equity funding from Centurion Private Equity. The money will be used generally for expanding the business, the company said. Blue Sphere develops projects for greenhouse gas emission reduction and renewable energy production.
4 min read · 23 August 2011
Medical technology company Convatec has bid more than $6.3 billion for medical device company Kinetic Concepts Inc., Reuters reported, citing the Swedish daily Dagens Industri. Apax Partners announced a $5 billion offer for Kinetic last month. When including debt, that debt was worth about $6.3 billion, Reuters said. Convatec jumped into the race during the so called “go-shop period.” Convatec is backed by private equity firms Nordic Capital and Avista Capital Partners.
1 min read · 23 August 2011
Chuck Ganapathi has joined Accel Partners as entrepreneur-in-residence, Reuters reported. Ganapathi is known for building Chatter, Salesforce.com’s social media service for the enterprise. He left Salesforce last month, and will work at Accel on a start-up idea in the field of business and social media, Reuters said.
2 min read · 23 August 2011
HealthPlan Holdings Inc., a provider of services to insurers, has acquired Zenith Administrators Inc. Financial terms of the deal were not released. HealthPlan is backed by private equity firm Water Street Healthcare Partners. The firm is based in Chicago.
4 min read · 22 August 2011
