Summit Partners, the Massachusetts-based private equity firm, took a minority stake in M/A-COM Technology Solutions Holdings, Inc. Terms of the transaction were not publicized. Summit Partners Managing Director Peter Chung will join the company’s board of directors as part of the transaction.
3 min read · 11 January 2011
New York private equity firm Paine & Partners will add David Browne to work in its headquarters as a principal. Browne will work on new investment opportunities and alongside existing management teams’ portfolio assets.
2 min read · 11 January 2011
TargetSpot, the New York-based digital audio advertising network, closed an $8 million round of equity financing from Union Square Ventures, Bain Capital Ventures, CBS Radio and Milestone Venture Partners.
2 min read · 11 January 2011
BB&T Capital Partners, the North Carolina-based investment firm, promoted three of its team members to principal, one to senior associate and another to the role of controller. Jonathan Blanco, Whit Edwards and Scott Snow were all named principals, according to a statement from the firm released Monday. Additionally, Brad Burton has been promoted to the role of senior associate and Jennifer Lemons has taken the role of controller.
2 min read · 10 January 2011
Private equity firm Thoma Bravo promoted a pair of its principals to partner positions. Seth Boro and Holden Spaht, who each joined the PE firm in San Francisco in 2005 as vice presidents and were each promoted to principal roles two years later, have been named partner.
2 min read · 10 January 2011
Warburg Pincus’ Wall Street Systems will acquire the corporate treasury manager service belonging to Thomson Reuters. The entity, called Tresura, will be integrated into Wall Street Systems’ existing treasury management solutions with an emphasis on cash management. The international private equity firm controls a majority stake in Wall Street Systems.
2 min read · 10 January 2011
VillageVines, the New York-based website that provides bargains for metropolitan hot spots, completed a $3 million Series A fundraising. Hearst Interactive Media, GrandBanks Capital and High Peaks Venture Partners participated in the funding round. Angel investors contributed $750,000 to the company’s development earlier.
4 min read · 10 January 2011
Thoma Bravo, the Chicago-based private equity firm, acquired Manatron Inc., a property tax and records management software data system based in Michigan to integrated into its International Land Systems asset. Based in Maryland, International Land Systems will integrate Manatron International into its platform as a separate division. Terms of the deal were not specified.
3 min read · 10 January 2011
Summit Partners, the Boston-based private equity firm, announced four promotions. Mark deLaar and Alex Whittemore were promoted to managing director positions and Jason Glass and Len Ferrington were promoted to principal positions with the firm.
3 min read · 10 January 2011
Citigroup Venture Capital International Growth Partnership LP and Citigroup Venture Capital International Co-Investment LP exited stakes in Camelot Information Systems Inc., a Chinese provider of financial industry IT services via a follow-on public offering. Goldman Sachs and Barclays Capital acted as book running managers and William Blair, Cowen & Co. and Oppenheimer & Co. acted as underwriters.
1 min read · 07 January 2011
