Glori Energy, the sustainable oil recovery system developer, has taken a $20 million Series C round that was led by Gentry Venture Partners. Advantage Capital Partners joined Energy Technology Ventures (a GE, NRG Energy and ConocoPhillips joint venture), GTI Ventures, Kleiner Perkins Caufield & Byers (KPCB), Oxford Bioscience Partners, Malaysian Life Sciences Capital Fund, and The Omzest Group on the transaction and Piper Jaffray served as placement agent.
3 min read · 24 January 2012
Menlo Creek, Silver Creek and a group of private investors provided $4.5 million to Talari Networks, the California-based WAN Virtualization leader. Menlo Ventures’ H. Dubose Montgomery will join the company’s board as part of the deal.
2 min read · 24 January 2012
3 min read · 24 January 2012
Warren Buffett sings in Chinese New Year, but really, folks, this man is just Carl Icahn in a bad sweater. There, I said it. Look Who’s Telling lawmakers how to do their jobs again! Warburg Pincus apparently can’t get their hands on enough money right now UrbanSitter is sitting on a fat wallet Heads Roll at Gilt Looks like an Avalanche of cash Un-policed State: 5-0 needs paperwork to track your GPS
1 min read · 24 January 2012
2 min read · 23 January 2012
Dwolla Gettin’ Dollas Primetime for PE: Riverside’s Kohl raps on PBS How Can we cure Alzheimer’s? The peHUB Crazy-Ass press release of the day! The Highs and the Lows of private equity in a nutshell The Kill-time Start-Up appeal of Instagram Hailing a Cab has never been easier Biotechs are Raising More Cash but start-ups are still hurting RIM Appointments: Too little, much too late Apache Seals Energy Deal in a transaction set to double its acreage in the energy-rich Anadarko Basin India's Red Fort completes real estate fundraising
1 min read · 23 January 2012
Ohio private equity firm The Riverside Co. bought EagleOne Logistics to tack onto platform company Express Courier, a regional delivery services firm. The deal expands Express Courier’s capacity in the South. Texas Capital Bank and THL Credit provided financing for the transaction, Jones Day was Riverside’s legal counsel, and RSM McGladrey advised Riverside on financial due diligence. Specifics were not publicized.
2 min read · 20 January 2012
Cinelease, the motion-picture lighting and grip equipment rental service, has been dealt from Boston-based private equity firm Audax Group to Hertz Global Holdings. Houlihan Lokey, Inc. advised Cinelease. Kirkland & Ellis LLP represented Audax Group. Specifics on the deal were not publicized.
2 min read · 20 January 2012
After being carved from GSI Commerce in the wake of that startup’s sale to eBay, Boston-based online shopping site RueLaLa has received about $22 million of funding issued new stock options to a number of undisclosed parties, according to a federal filing. In March 2011, when eBay bought GSI Commerce, RueLaLa was sold back to GSI CEO Michael Rubin as part of a package that included more investment from eBay. A RueLaLa representative did not comment further. VIEW THE FILING HERE.
1 min read · 20 January 2012
Mobile Patrol LLC, the Arkansas startup that serves local sheriffs’ offices with smartphone apps, has been acquired by Appriss, the Kentucky-based law enforcement data firm. Specifics of the transaction were not publicized.
2 min read · 20 January 2012
