CVR Energy, the listed, Texas-based refinery, is selling in excess of 23 million more shares on the NYSE via a secondary offering at $16.75 per share. Affiliates of Goldman Sachs and Kelso & Co. are among the selling stockholders. Goldman, Sachs & Co., Deutsche Bank Securities and Credit Suisse are acting as the joint book-running managers for the offering.
3 min read · 03 February 2011
Wanderfly, the travel recommendation search engine, raised $1 million in funding from partners including StartupAngel, Charles River Ventures and angel investors Jason Calacanis, James Bailey and Roger Dickey. According to a statement from Wanderfly, the funding will be used to develop mobile applications and other in-house growth initiatives
2 min read · 02 February 2011
New Enterprise Associates, Aberdare Ventures, Alta Partners and Thomas, McNerney & Partners backed VertiFlex, the spinal support products developer, with $14 million and have an option to provide the company with another $14 million within the next 12 months.
3 min read · 02 February 2011
Tom Riordan will join Bessemer Venture Partners in the VC’s Menlo Park, Calif., offices. Riordan co-founded and served as president and CEO of Quantum Effect Devices, and he will work with BVP’s Rob Chandra to identify opportunities in the semiconductor space.
3 min read · 31 January 2011
Prairie Capital, the Chicago-based investment firm, closed its fifth fund oversubscribed with $300 million in committed capital. Prairie Capital typically acquires U.S. companies with annual cash flows of $4 million or more and recurring annual revenues in excess of $20 million.
1 min read · 28 January 2011
Eric Wenick, among the founding bloc of MHT Partners team members, has been promoted to managing director of its Dallas office. He joined MHT in 2001. Wenich was also a founding member of Serra Partners, an advisory firm based in California, and worked at Donaldson, Lufkin & Jenrette. MHT also promoted Tom Burgett to director of its Dallas office. Prior to joining MHT, he worked with Lincoln International.
3 min read · 28 January 2011
Alpine Investors, the California private equity firm, completed a $260 million closing of its Alpine Investors IV LP fund and its Alpine Investors IV SBIC fund to make equity investments and mezzanine deals. Existing assets include home furnishing and marketing investments, among others.
2 min read · 27 January 2011
2 min read · 27 January 2011
Flex Biomedical Inc., the Wisconsin-based biomedical company, revealed it has raised just short of $1 million, $866,000. The company was founded in 2007 and participants in the fundraising round were not publicized.
1 min read · 27 January 2011
PE firm Wind Point Partners’ Global Tube, a maker of tubes used in cooling, heating and exhaust systems for trucks and off-road vehicles, will buy the exhaust business belonging to listed, Indiana-based Cummins Inc. The transaction is expected to close in March. Cummins’ shares traded up as of late afternoon Wednesday.
2 min read · 26 January 2011
