Private Equity
Avatar Ventures said Monday that it has closed a $500,000 fully subscribed private placement. The deal includes an up to $3 million financing commitment from a non-U.S. corporation. Avatar Ventures develops aftermarket electronic accessories and software for consumer products.
3 min read · 25 April 2011
Want to catch up on the slideshows that your colleagues found most interesting on peHUB last week? Here are the top 5 that garnered the most pageviews from our regular readers from April 18 to April 22. No. 1 Slideshow: Inside Look at Kleiner’s 30 Deals for Q1 No. 2 Slideshow: Top Ten Most Active VCs for Q1; Brand Names Boost Deal Making No. 3 Slideshow: Legends Of PE Share Greatest Misses No. 4 Slideshow: Top 10 VC-Backed Acquisitions for Q1 No. 5 Slideshow: Old School Semiconductor Investing Sees Big Rise in First Quarter
1 min read · 25 April 2011
4 min read · 21 April 2011
3 min read · 18 April 2011
LivingSocial’s recent $400 million fundraising is causing some to wonder if there is a bubble in the daily deals sectors. Ben Choi, a principal with Maveron, doesn’t think there is one when you are referring to market leaders Groupon or LivingSocial. “There is fundamental value in these businesses which have strong cash flow,” he said. Choi was speaking Wednesday at the first ever Daily Deal Summit in New York.
3 min read · 06 April 2011
Preqin came out with its first quarter fundraising numbers and there weren’t any surprises. Globally, there were 92 funds that reached a final close in first quarter, raising $42.3 billion. The totals are the lowest amounts since 2003, according to data from Preqin. U.S. funds raised the most capital during the time period. Forty-five U.S. funds collected $25.9 billion in first quarter, while 24 European-focused pools totaled $6.5 billion. Another 24 funds, focused on Asia and the rest of the world, gathered $9.9 billion. Fundraising in the U.S. is going up, according to Buyouts, our sister publication. In first quarter, 43 funds raised $18.3 billion. This compares to 49 funds that collected $10.2 billion in first quarter 2010. However the Buyouts data covers only U.S. buyout and mezzanine funds, both interim and final closings.
2 min read · 01 April 2011
Cascadia Capital said Wednesday that it advised Plasco Energy Group in its $143 million in growth equity financing. Last week, Soros Fund Management led the investment for Ottawa-based Plasco, which provides technology that transforms solid waste into green power.
3 min read · 30 March 2011
NetLogic Microsystems, a Santa Clara, Calif.-based chipmaker, said Monday that it has agreed to buy Optichron for an initial cash payment of $77 million. NetLogic said it may also provide up to $108.5 million in a milestone payment, as well as $12.5 million in additional consideration. Optichron's investors include U.S. Venture Partners, Battery Ventures, TL Ventures and VentureTech Alliance. The sale has been approved by the boards of both companies and is expected to close in second quarter.
4 min read · 21 March 2011
Michael Orbach is managing director at Cascadia Capital, a Seattle investment bank that advises on M&A and growth equity financing. Orbach runs the information technology practice at Cascadia. He took some time to speak with me by phone yesterday on the growth of cloud technology.
3 min read · 03 March 2011
1 min read · 14 February 2011
