Get it First, Get it Best: The Daily peHUB Wire, packed with news and scoops on private equity and venture capital Well Played: Biden gets it right (sorta) at San Fran rally Rick Rolls: Perry out of GOP race More Trouble in the Big Apple: Layoffs at Lot 18! Pay Up! Murdoch to dish out bucks in hacking case Deal Time in the luggage biz?
1 min read · 20 January 2012
Marking the online micromessaging site’s first big deal of 2012, Twitter bought Summify, the social news site. Details of the acquisition—Twitter has made more than a dozen—were not publicized and Summify will reportedly be shuttered as part of the deal.
2 min read · 19 January 2012
CEO Geoff Tate is retiring from Nanosolar and Eugenia Corrales, who joined the company in 2010 as EVP of engineering, will take the CEO role in the latest transition of executives for the California-based solar film developer. Backers in the startup include Benchmark Capital, GLG Partners, Carlyle Group and Mohr Davidow Ventures, to name a few.
3 min read · 19 January 2012
3 min read · 19 January 2012
Vibrant Media, the online advertising service, will buy Image Space Media. The deal was described as part of the company’s “mission” under CEO Cella Irvine to expand contextual solutions. Vibrant Media has raised more than $20 million from investors including Fortis and ABS Ventures, Image Space has raised less than $5 million and is backed by New Atlantic Ventures, among others.
3 min read · 19 January 2012
David Grylls, Nick Luckock and Natalie Kolbe have been promoted from director to partner with Actis, the private equity investor. Grylls, who covers energy, and Luckock, who is on the financial services team are based in London and Kolbe is based in Johannesburg.
3 min read · 19 January 2012
Burger King: Cashing in on lazy fat-arses No Experience Necessary! HuffPo’s latest hire Ouch: Backer calls Kickstarter “worst project ever” Stop Snitchin’! FBI bags more in insider trading probes Down in the Dumps: Indian VC Funding Falls by Half PE Magnetism: Hong Kong draws in the money Take a Pill: Capsule is a one stop shop for private events New Year Blues: Sony Ericsson posts a loss in Q4 2011 Is the Biotech Venture Model broken? Frazier Healthcare Ventures is trying to fix it Money is Money: Anyone can invest, the challenge is priming portfolio companies for big growth Bust! Eastman Kodak files for Chapter 11 Japan Loses Appeal: Certain PE firms scale back Japanese operations Hot Property: Blackstone pursuing further opportunities in China after profitable exit on Evergrande
1 min read · 19 January 2012
BlueTarp Financial, the financial services firm dedicated to building materials professionals, has named Scott Simpson its new CEO. BlueTarp is based in North Carolina with operations in Maine. The startup is backed by Flybridge Capital Partners, Highland Capital Partners, Trinity Ventures and Village Ventures.
2 min read · 19 January 2012
California-based gift card exchange Plastic Jungle received a strategic investment from Citi Ventures, the unit of listed financial services firm Citigroup. Specifics of the transaction were not publicized. Plastic Jungle, in prior rounds, has taken on more than $20 million from investors including Shasta Ventures, First Round Capital, Harrison Metal Capital, Redpoint Ventures, Bay Partners and Jafco Ventures.
3 min read · 18 January 2012
Philadelphia-based private equity firm LLR Partners will acquire Paragon Technology Group, a provider of tech solutions to public sector clients. Specifics of the transaction were not publicized, but Scott Friedlander has been appointed President and CEO of the company following LLR’s investment in the company. Some equity will be distributed among the firm’s employees, executives and founders.
4 min read · 18 January 2012
