Private Equity
OncoHealth Corp., the developer of HPV diagnostics and treatments, raised $1.6 million in what it called an oversubscribed round from investors including Band of Angels, Emergent Medical Partners, Halo Fund, Tech Coast Angels, The Angels Forum, and Wilmington Investor Network. Sand Hill Angels and Life Science Angels anchored the round.
3 min read · 03 May 2011
Want that Old Thing Back: Old friends are the best networking contacts China, China, China: PE’s honchos powwow in the Hills He Beat Zuck to it: Joe Chen, CEO of RenRen, will take his social network public How We Got Him: U.S. intel passes attaboys around after nabbing the high value target
1 min read · 03 May 2011
Battery Ventures led a group of investors that put $3 million in Series A funding into Send the Trend, an e-commerce company. Founder Collective participated in the round as well. Send the Trend has been operating since October 2010.
3 min read · 02 May 2011
KPS Capital Partners’ HHI Group Holdings LLC, maker of forged automotive parts, will enter into a joint venture with Zhejiang 8+1 Precision Machinery Co. and C&U Americas, LLC to form Mapleland Precision Forge Co. Ltd. HHI Group, formerly named Hephaestus Holdings, has completed numerous deals and recaps since KPS’ initial investment.
3 min read · 02 May 2011
Late stage venture capital firms had a pretty good 2010, according the to Thomson Reuters U.S. Private Equity Performance Index—VC shops investing in late-stage companies enjoyed average returns of more than 35% over a 12-month span, according to data. VCs like Elevation Partners, Goldman Sachs and Digital Sky Technologies—to say nothing of secondary market venture capital stake buyers, far greater in number—which spent the last year plowing cash into the meteoric ascent Facebook were rewarded...
2 min read · 02 May 2011
Investment fund Lightbank, which was started by Groupon co-founders Eric Lefkofsky and Brad Keywell, will bring Bill Pescatello on board as a principal, the firm announced. Pescatello has worked with NBCUniversal and was founding member of Peacock Equity Fund, NBCU’s VC arm.
2 min read · 02 May 2011
Justice Has Been Done: Osama Bin Laden is killed by U.S. forces Money Has Been Made: Facebook’s growth still outpacing expectations Will Greece Still Default? The Greek government needs to extend its bailout repayment Bidding: Teva tops Valeant’s Cephalon bid
1 min read · 02 May 2011
Private equity firms have been increasingly interested in healthcare transactions since sweeping legislation passed by the Obama Administration was enacted to incorporate more Americans into the U.S. healthcare system. However, this time, it was federal regulators that seem to have acted as a catalyst to undo a deal. After the Justice Department detailed antitrust concerns, Kronos, backed by Hellman & Friedman and JMI Equity, the company backed off its agreement to acquire API Healthcare from Francisco Partners.
2 min read · 29 April 2011
Stocks: Shares still pointing up on encouraging earnings results These Your LPs? Then probably expect them to start clamoring for returns. Now. New Money: Democrats look to take on a boatload of cash to take on the GOP come election season OK, They Got Married: Let’s move along then, shall we?
1 min read · 29 April 2011
Just because fundraising season is back on for some of the biggest names in private equity and venture capital, it doesn’t mean mezz lenders are getting left out in the cold in these heady times. Chatham Capital, the Georgia-based mezzanine lender, will raise up to $400 million for its next fund, according to an individual familiar with its plans...
1 min read · 28 April 2011
