Cybit and Masternaut, industry leaders in logistics, fleet tracking and drive management solutions, have combined to form a single European telematics firm. The company will remain known as Masternaut. The deal was overseen by technology-focused private investment fund, Francisco Partners, which acquired Cybit Holdings plc in 2009.
3 min read · 11 April 2011
New York-based social TV company SocialGuide Inc. securied $1.5 million from investors including Alex Zubillaga and angel investors. SocialGuide CEO Sean Casey said the funding will further the site’s development.
2 min read · 11 April 2011
2 min read · 07 April 2011
1 min read · 07 April 2011
2 min read · 05 April 2011
IDG-Accel has raised $1.3 billion across two joint funds that will lead media company IDG and VC top-tier firm Accel Partners, Web site VentureBeat reports. One $550 million fund will be dedicated for early-stage and fast-growing companies and a $750 million fund will be operated separately for later-stage and pre-IPO investments. They will, respectively, be called IDG-Accel China Growth Fund III and China Capital Fund II.
1 min read · 04 April 2011
Apax Partners will buy Epicor Software Corp., the listed, California-based business software firm, and Activant Solutions, with plans to combine the companies to create a global provider of enterprise applications across a number of industries. The company will become Epicor Software Corp. and will cease trading on Nasdaq. The deal’s value is about $2 billion and Jefferies & Company Inc. and RBC Capital Markets are acting as financial advisors to Apax Partners. Kirkland & Ellis LLP is acting as legal advisor to Apax Partners. It is expected that the acquisitions will close by the end of the second calendar quarter of this year.
4 min read · 04 April 2011
Crosslink Capital led a financing of contextual targeting data provider Affine Systems that totaled $5 million, the firms announced in a joint statement. Highland Capital Partners also participated in the funding round.
3 min read · 04 April 2011
Private equity firm KKR will buy Pfizer’s Capsugel business for $2.375 billion in cash, the firms revealed Monday morning in a joint statement. Capsugel generated about $750 million in revenue in 2010, the statement revealed. Pfizer’s financial advisors for the transaction were Morgan Stanley & Co. Incorporated and Guggenheim Securities, LLC. Cadwalader, Wickersham & Taft LLP and White & Case LLP acted as legal counsel for Pfizer. Simpson Thacher & Bartlett LLP acted as legal counsel for KKR.
5 min read · 04 April 2011
Massachusetts-based mobile advertising marketer Jumptap has taken most of a planned $27.9 million financing, Web site MassHighTech reported. The Web site cited a regulatory filing in which Jumptap stated it has received about $20 million in funding thus far. Investors in Jumptap include General Catalyst, Redpoint Ventures, Summerhill Ventures, WPP, Valhalla Partners and AllianceBernstein.
1 min read · 04 April 2011
