Private Equity
Vanity Fair publishes a big fat profile of Facebook, ex-Goldman trader Matthew Taylor pleads guilty to wire fraud, and U.S. currency was beautiful once. And so much more!
1 min read · 03 April 2013
TST Media, a Minneapolis, Minnesota-based company that makes Web and mobile-based software for youth, amateur, and professional sports organizations, has closed a $6 million Series C round of funding led by existing investor El Dorado Ventures. The company -- which will also begin conducting business under the new brand Sport Ngin -- has raised more than $10 million since its 2008 launch.
3 min read · 02 April 2013
Taris Biomedical, a specialty pharmaceutical company developing therapies to treat bladder diseases, has raised a fresh $12.5 million in funding from its existing investors, Flagship Ventures, Flybridge Capital Partners, Polaris Partners, and Third Rock Ventures. With the new funding, Taris, based in Lexington, Mass., has raised $49.8 million altogether.
3 min read · 02 April 2013
On Friday, a New York federal judge refused to dismiss a variety of claims against entities and individuals associated with venture capital firm Bessemer Venture Partners, claims that the firm breached a stockholders’ agreement in connection with post-acquisition activity involving Intego, a company that produces anti-virus software for Apple products. The suit was filed by Transeo, a minority shareholder in Intego's holding company.
8 min read · 02 April 2013
AmerisourceBergen Corporation has agreed to sell its contract packaging business, AndersonBrecon to an entity formed by affiliates of an investor group led by Frazier Healthcare VI, L.P. for the purpose of acquiring AndersonBrecon. The group is paying $308 million in cash, which is subject to adjustments. AmerisourceBergen is a pharmaceutical services company that serves the United States, Canada and selected global markets.
6 min read · 02 April 2013
Single Touch Systems, a Jersey City, New Jersey based company whose technology helps marketers reach consumers on all types of connected devices, has appointed Peter Holden to its board. Holden is currently the senior vice president of corporate development an investments at IPVALUE, where he is responsible for intellectual property investments and acquisitions. Prior, Holden founded the IP investment group at Coller Capital, the private equity firm.
3 min read · 02 April 2013
Tech Valley Communications, an Albany, New York-based company that provides fiber optic data, voice, and high-speed Internet services to enterprise, carrier and wholesale customers in Upstate New York and New England, has agreed to acquire the assets of Vermont-based TelJet Longhaul, a company that's built among the largest fiber networks in Northern New England. Terms of the deal aren't being disclosed. Tech Valley Communications is a portfolio company of the middle-market private equity firm Riverside Partners.
4 min read · 02 April 2013
Harvard Business School professor Josh Lerner on whether it's possible to tease apart where venture capitalists add the most value to startups.
2 min read · 28 March 2013
Ropes & Gray, the global law firm, represented TPG Growth and Michael Xin Hui in their effort to take private ShangPharma, a China-based contract research organization. Hui is ShangPharma's CEO. The deal closed on Wednesday.
1 min read · 28 March 2013
TriNovus, a Birmingham, Ala.-based software-as-a-service company focused on compliance issues, has been acquired by banking software systems company Temenos. Founders Investment Banking, an M&A advisory firm based in Birmingham, acted as the exclusive adviser to TriNovus’ shareholders.
4 min read · 28 March 2013
