3 min read · 17 May 2011
NOT Going Private: AOL won’t take financial sponsors’ offers Gilt-ed Age: Daily deals site chairman Susan Lyne raps with The Deal Heavy is the Head: Is Goldman’s power waning? The French Mistake: IMF chief Dominque Strauss-Kahn will remain jailed until his next hearing
1 min read · 17 May 2011
Newbury Partners, the Connecticut-based private equity secondary market investor, has added Andrew Levy to its team as a managing director. Previously, Levy worked with Auda Private Equity, where he worked on secondaries and co-investments.
2 min read · 16 May 2011
Neuronetics, the Pennsylvania-based maker of non-invasive, non-systemic treatments for depression, completed a $30 million Series E financing. New investors Polaris Venture Partners and Pfizer Venture Investments led the round and were joined by previous investors Investor Growth Capital, New Leaf Venture Partners, Interwest Partners, Three Arch Partners, Quaker BioVentures, and Onset Ventures.
4 min read · 16 May 2011
Listed, Calif.-based VMWare Inc. announced Monday it would acquire Shavlik Technologies, a provider of cloud-based technologies for small to medium sized businesses. Shavlik Technologies was founded in 1993 and is based in Minnesota.
5 min read · 16 May 2011
ON24, the California-based online video communications company, is preparing to file paperwork to go public, a senior source familiar with the company’s plans said. Because ON24’s plans are still in the early stages, the source declined to say how much of the company would be sold, or at what price. ON24’s pending IPO announcement would reflect similarities to another online video communications company that ultimately did not go public...
2 min read · 16 May 2011
Got Our E-mails? Get our e-mails. Funding! The latest in social gaming and daily deals equity sales More Competition: Bond Street files IPO, will try to buy FDIC-sold banks ala WL Ross How We Did It: A Galleon juror speaks
1 min read · 16 May 2011
Constellation Energy, the listed, Baltimore-based energy company, will buy MXenergy in an all-cash deal totaling $175 million. Denham Capital Management, Charterhouse Group and Sempra Energy Trading have each thrown their support behind the transaction. BofA Merrill Lynch acted as financial adviser to MXenergy on the transaction as well as on the replacement and termination of the Sempra Energy Trading supply facility, and Duff & Phelps delivered a fairness opinion to the MXenergy Board of Directors.
4 min read · 14 May 2011
DEI Holdings, the California-based maker of consumer electronics products, was acquired off the Pink Sheets last week by Charlesbank Capital Partners in a $285 million deal. The deal includes a 35-day go-shop for DEI. Charlesbank has secured committed debt financing from General Electric Capital Corporation and OPY Credit Corp., an affiliate of Oppenheimer & Co. Inc. Greenberg Traurig, LLP is acting as legal advisor to DEI Holdings in connection with the transaction. Goodwin Procter LLP is acting as legal advisor to Charlesbank.
5 min read · 14 May 2011
Verto Partners, the performance improvement, restructuring and turnaround firm, has acquired Wavelength Strategies, a New York-based transaction services firm concentrating on life sciences, healthcare and technology. Terms were not publicized. Wavelength managing principals Duncan Steels and Greg Calaman join Verto as Managing Directors and will lead the New York office of Verto. According to its website, Verto counts among its clients TA Associates, Arcapita, Kleiner Perkins, Hicks Muse Tate & Furst, JP Morgan Chase, UBS Capital, the Bass Family and New Enterprise Associates.
3 min read · 14 May 2011
