Florida-based private equity firm HIG Capital has sold its claims vendor management services company Allegient Systems to Bottomline Technologies, a listed, New Hampshire-based provider of collaborative payment, invoice and document automation solutions. Terms of the transaction were not publicized.
2 min read · 04 April 2011
New Enterprise Associates led a $30 million funding of TidalTV, a video advertising, optimization, and yield management solutions provider. Comcast Interactive Capital and Valhalla Partners also participated in the financing.
2 min read · 04 April 2011
Advertising group Interpublic Group owns a stake in Facebook that could be valued at roughly $200 million to $300 million, The Financial Times reported. The exact size of the stake has not been disclosed, but people close to Interpublic say it owns slightly less than a half percent of Facebook, the newspaper said in its electronic edition. Interpublic paid less than $5 million for the stake in 2006, the newspaper said.
1 min read · 04 April 2011
Ted Coons has moved from The Blackstone Group to Technology Crossover Ventures, peHUB has confirmed with a TCV representative. Coons had spent more than five years with the private investor. He had also spent time prior to joining Blackstone with Deutsche Bank and Credit Suisse. Fortune was first to report the news Wednesday afternoon.
1 min read · 30 March 2011
2 min read · 30 March 2011
2 min read · 29 March 2011
Cameron Hewes has been added to Greene Holcomb & Fisher’s investment banking practice as a managing director. The Pacific Northwest investment bank is adding a Northwest native with 15 years of M&A and banking experience, including work with Piper Jaffray.
2 min read · 25 March 2011
Schneider Electric, the energy management firm, has acquired Summit Energy Services, a portfolio asset of investor Western Presidio. Terms of the transaction were not specified and advisors on the deal were not publicized.
3 min read · 24 March 2011
2 min read · 24 March 2011
Inkling, the maker of interactive learning apps, has secured a new round of financing. McGraw-Hill, Pearson, Sequoia Capital, Felicis Ventures, Kapor Capital and Sherpalo Ventures participated in the funding round. Specifics were not publicized.
3 min read · 23 March 2011
