Private Equity
Twenty-one venture-backed IPOs raised $2.2 billion during the second quarter, more than double the volume and dollars compared to the first quarter of this year, according to a report by the National Venture Capital Association and Thomson Reuters (publisher of peHUB). Year to date, 29 VC-backed companies have gone public, raising about $2.9 billion. That compares to 29 VC-backed companies that raised $18.8 billion via initial public offerings in the first two quarters of last year.
1 min read · 01 July 2013
Adobe Systems on Thursday said it would buy Neolane SA for $600 million in cash. The Paris-based company, which makes conversational marketing software, had previously raised $37.5 million over five rounds from Auriga Partners, Battery Ventures and Xange Private Equity SA.
1 min read · 28 June 2013
Kohlberg & Co. has paid an undisclosed amount for a majority stake in Risk Strategies Co. (RSC), a national insurance & benefits brokerage based in Boston, according to a statement about the deal. Kohlberg made the investment from Kohlberg Investors VII, which recently closed on $1.6 billion, the statement said. The capital will be used to grow the company. RSC’s executive team remains intact and the company's management and employees have also retain "significant ownership," the statement said.
4 min read · 27 June 2013
HighBar Partners has raised $130 million for HighBar Partners II LP, which will focus on strategic growth investments, the Palo Alto, Calif.-based firm announced on Wednesday. Fund II has already invested in four companies developing enterprise software and services: Blazent, Soonr, Zettaset and Vyatta. Brocade Communications Systems bought Vyatta last year for an undisclosed price.
3 min read · 26 June 2013
Applied Predictive Technologies, a cloud-based data analytics software company, has received a $100 million minority investment from the merchant banking division of Goldman Sachs, the company announced today. APT, founded in 1999, was recapitalized in 2006 with $54 million from Accel-KKR and Adams Street Partners, according to Thomson Reuters (publisher of peHUB). APT says that 80 of the world's largest corporations use its products. Its customers include American Greetings, OfficeMax and Owens Corning.
4 min read · 26 June 2013
SAVO Group, a venture-backed sales software developer in Boston, has received a $10 million venture loan from NXT Capital. The loan is part of a larger growth financing round from previous investors SAP Ventures and Sterling Partners, as well as lender Square 1 Bank, according to NXT. SAVO, founded in 1999, previously raised $24 million over two rounds from SAP Ventures and Sterling Partners, according to Thomson Reuters (publisher of peHUB).
3 min read · 26 June 2013
Venture-backed NanoString Technologies Inc. on Tuesday said that it is pricing its initial public offering of 5.4 million shares at $10 per share. The company, which makes life science tools for translational research and molecular diagnostic products, has raised a total of $82 million in venture capital since its founding in 2003. Clarus Ventures, Draper Fisher Jurvetson and OVP Venture Partners as a group own 7.4 million pre-IPO shares, or 79% of the company, according to its S-1 filing.
2 min read · 26 June 2013
Tremor Video's IPO is highly anticipated by its VCs, which as a group own 68 percent of the company. Its backers include Canaan Partners, Draper Fisher Jurvetson, General Catalyst Partners, Masthead Venture Partners, Meritech Capital and W Capital Partners.
1 min read · 26 June 2013
Trending on peHUB this week: Benchmark Capital, Blackstone, Coller Capital, Bain, CD&R, Carlyle, HD Supply, Accel, Noodles, Leonard Green, Ben Horowitz, Sun Capital, Johnny Rockets, PE-backed IPOs
1 min read · 21 June 2013
Trending on peHUB this week: BlackRock, Capital Dynamics, PIMCO, Deltek, Thoma Bravo, VC portfolio services, small-cap stocks, Right Now Economy, Amulet Capital, Harlem Globetrotters
1 min read · 14 June 2013
