Private Equity
(Reuters) - Take a helping of Russian genius, add a portion of risk appetite and stir in a lot of patience, and you have the recipe for the resounding success of search engine Yandex's (Nasdaq: YNDX) U.S. stock market float. The Nasdaq listing values Russia's leading internet search engine at $8 billion, an eye-popping 500 times its worth when private equity investors bought into the company in 2000. (See details of IPO here.) That year the business, founded in 1997 by mathematician Arkady Volozh and geophysicist Ilya Segalovich, had revenues of just $72,000 and lost $2 million. Eyeing a long-term prospect, Yelena Ivashentseva of private equity fund Baring Vostok Capital Partners put together an investor group that bought a 36 percent stake in Yandex for just over
3 min read · 24 May 2011
(Reuters) - Chinese online clothing retailer Vancl could raise $1 billion in the largest Internet initial public offering from the Asian country in the United States this year, IFR reported on Tuesday. The Beijing-based company could soon mandate banks on the deal, which is planned for the fourth-quarter of 2011, said IFR, a Thomson Reuters publication. Vancl, founded in 2007, has received backing from private equity and venture capital firms including IDG Capital Partners, SAIF Partners, Ceyuan Ventures Management, Tiger Global Management and Qiming Venture Partners. The company is among the four most profitable consumer retail Web sites, IFR said. Vancl has raised a total of $142 million in venture funding over three rounds since 2007, including a $100 million round in December from Ceyuan, IDG, SAIF and
1 min read · 24 May 2011
2 min read · 24 May 2011
Jive Software, backed by Sequoia Capital and Kleiner Perkins Caufield & Byers, has acquired OffiSync Corp. Financial terms were not announced. OffiSync, a startup, provides social solutions for the Microsoft environment.
4 min read · 23 May 2011
Eli Lily and an investor group have formed BioCritica, a Central Indiana-based biotech that will focus on the U.S. development and commercialization of Xigris. Financial terms were not announced. Care Capital and NovaQuest Capital are part of the investor group. Xigris is Lilly's medicine to treat sepsis.
8 min read · 23 May 2011
8 min read · 21 May 2011
3 min read · 19 May 2011
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2 min read · 16 May 2011
2 min read · 11 May 2011
