1 min read · 03 May 2010
1 min read · 01 May 2010
NEW YORK (Reuters) - Stephen Schwarzman, Chief Executive Officer of private equity firm Blackstone Group LP (BX.N), said on Friday he's launching a program that he hopes can create thousands of jobs in communities hit the hardest by the financial meltdown. Blackstone's charitable foundation is committing $50 million over five years to help foster entrepreneurship. As part of that, it is granting $2 million to start programs on the campuses of Wayne State University and Walsh College in southeast Michigan. "We think this is quite a powerful concept," Schwarzman said in a phone interview. "We started working on this right after the Lehman crisis... We looked and said: What can we add on a differentiated basis that can help people?"
2 min read · 01 May 2010
1 min read · 01 May 2010
1 min read · 01 May 2010
1 min read · 30 April 2010
NeurogesX Inc. (Nasdaq: NGSX), a San Carlos, Calif.-based drug company focused on pain management therapies, has entered into a $40 million royalty financing agreement with Cowen Healthcare Royalty Partners. The deal is related to a dermal delivery system containing prescription strength capsaicin. In early 2008, NeurogesX sold $25 million of common stock via a private placement to SV Life Sciences. It had gone public the prior year, after raising around $90 million in VC funding.
4 min read · 30 April 2010
Madison Dearborn Capital Partners has agreed to acquire a 51% equity stake in consumer credit reporting company TransUnion from the Pritzker family, which will retain the other 49 percent. No financial terms were disclosed, although the Wall Street Journal says the deal values TransUnion at around $2 billion.
3 min read · 30 April 2010
Kelly Stapleton has joined financial advisory firm MorrisAnderson as a managing director in the firm's New York office. She is a former U.S. Trustee who oversaw the bankruptcy system for Delaware, Pennsylvania and New Jersey.
3 min read · 30 April 2010
Tektronix Inc. has acquired SyntheSys Research Inc., a Menlo Park, Calif.-base maker of high-speed signal integrity test and measurement instrumentation. No financial terms were disclosed. SyntheSys had raised over $18 million in private funding from Advent International.
1 min read · 30 April 2010
