DigitalBridge related stories
All articles and analysis
Colony Capital to Sell Stake in Paris Saint GermainU.S.-based Colony Capital is in talks to sell a minority stake in the French soccer club Paris Saint Germain, Reuters reported. The firm declined to release the name of potential investors, Reuters said.
- First Republic, Biggest Bank IPO Since Credit Crisis, Gains In First Day
First Republic, which is backed by Colony Capital and General Atlantic, is flourishing in its first day as a public company. On Thursday, shares of First Republic surged more than 8%, or $2.14, to $27.62 in early afternoon trading. First Republic priced 11 million shares Wednesday at $25.50 via joint book runners BofA Merrill Lynch, Morgan Stanley and J.P. Morgan. Other underwriters include Barclays Capital, Jefferies & Co., Keefe, Bruyette & Woods, Sandler O’Neill & Partners and Stifel Nicolaus Weisel. San Francisco-based First Republic, which caters to wealthy investors, has $22 billion in assets as of Sept. 30. The bank isn’t selling all the shares in the IPO. First Republic is offering about 4.1 million shares while stockholders are providing the remaining 6.9 million, a statement said. First Republic said it plans to use the $95.2 million in net proceeds from the IPO for general corporate purposes, which could include funding loans and buying stock for its portfolio.
- peHUB Wire: Thursday, July 15, 2010
Random Ramblings
- Done deals, July 12, 2010
Selected deals are disclosed transactions from July 1 to July 7, based on Thomson Reuters data
- peHUB Wire: Thursday, March 18, 2010
Random Ramblings…
- peHUB Second Opinion 3.9
I'm back from endless jury duty. Tell me what I missed mailto:erin.griffith@thomsonreuters.com Zombies: WSJ weighs in on the VC Shakeout. (WSJ http://online.wsj.com/article/SB10001424052748703915204575104221092909884.html?mod=rss_whats_news_us_business ) There's also this piece in which the Journal's venture data arm sizes up "promising young companies," which seems redundant because, isn't that the whole point of a venture firm? I dunno. (WSJ http://online.wsj.com/article/SB10001424052748703915204575104222702359984.html?mod=WSJ_newsreel_smallbiz ) Second Suit: Goldman Sachs Group was sued by a large union pension fund that accused the Wall Street investment bank of overpaying its executives. It's the second pension fund to do so. (Reuters http://www.reuters.com/article/idUSTRE62763320100308?dbk ) Speaking of Lawsuits: Lindsay Lohan is ridiculously suing E-Trade for an ad which refers to a baby named Lindsay as a "milkaholic." She's seeking $100 million, claiming she, like Madonna, Cher, and Beyonce, has "first name recognition." (NY Post http://www.nypost.com/p/news/national/lohan_such_baby_jVdQWABj9z0MgXzCv1Nh1O ) Blockbuster is seeking a buyer. You must read this story for its great scared CEO comment: "Blockbuster CEO Jim Keyes told The Post, ‘All your numbers are wrong. They bear no resemblance to any materials we have in the market.'" (NY Post http://www.nypost.com/p/news/business/blockbuster_hits_6UJwBogWCljwQEmHyx9ekM )
- Week in deals, Nov. 30, 2009
Summary of North American tech companies and other startups that raised venture financing in the past week
- DigitalBridge Raises New Venture Capital
DigitalBridge Communications Corp., an Ashburn, Va.-based provider of WiMax broadband service to underserved communities, has raised an undisclosed amount of new venture capital funding. Schurz Communications was joined by return backers National Rural Telecommunications Cooperative (NRTC), Paladin Capital Group, CNF Investments and Novak Biddle Venture Partners. The company previously raised over $50 million in equity funding.