Firms & Funds

IPOs/Recent Issues 0201 –

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HARVARD BIOSCIENCES
Holliston, Mass.
Went public 12/07/00 at $8 per share.
Filing Range: 6.42 million shares @ $9 to $10
Shares Outstanding: 24.78 million shares
Underwriters: Thomas Weisel Partners LLC/Dain Rauscher Wessels/ING Barings
Company Counsel: Goodwin Procter & Hoar
Manager Counsel: Mintz Levin Cohn Ferris Glovsky & Popeo
Auditor: KPMG LLP
The Company:
Distributes and sells medical devices through catalogs and the Internet. The company?s products include volume and pressure controlled ventilators, pulsatile blood pumps, transducers, amplifiers, recorders, glassware and many other specialized bioscience research products.
Venture Backers:
New England Partners
Ascent Venture Partners
First New England Capital LP
Financing Rounds:
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 03/01/1996 2 Early Stage
990.0
2 05/11/1999 2 Expansion
1038.0
Financials:
(Data in $ millions) Y/E
12/31/99
Total Revenues: $26.2
Net Income: (29.4)
GENVEC
Gaithersburg, Md.
Went public 12/12/00 at $9.50 per share
Filing Range: 4.0 million shares @ $11 to $12
Shares Outstanding: 17.8 million shares
Underwriters: J.P. Morgan & Co./A.G. Edwards & Sons Inc./UBS Warburg
Company Counsel: Arnold & Porter
Manager Counsel: Davis Polk & Wardwell
Auditor: KPMG LLP
The Company:
Develops in vivo delivery of human genes utilizing adenoviruses for the treatment of genetic and acquired diseases. The company attempts to treat genetic or acquired diseases by delivering informational segments of DNA directly into cells ? via viral vectors ? where they provide precise instructions for the cell to produce proteins that will correct or regulate the disease. The company is also developing product candidates and technologies for other applications, including vascular damage, oncology, and eye disease.
Venture Backers:
Hillman Ventures Inc.
Canaan Partners
Highland Capital Partners
Financing Rounds:
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 04/01/1993 1 Early Stage
11320.0
2 07/01/1995 2 Early Stage
21065.0
3 01/01/1997 1 Expansion
1000.0
4 05/01/1997 1 Expansion
1000.0
5 07/01/1997 1 Expansion
2000.0
6 08/02/1997 1 Expansion
7000.0
7 10/02/1997 1 Expansion
5000.0
8 06/01/1999 1 Expansion
7000.0
Financials:
(Data in $ millions) Y/E
12/31/99
Total Revenues: $16.9
Net Income: (1.9)
RESOURCES CONNECTION
Costa Mesa, Calif.
Went public 12/15/00 at $12 per share
Filing Range: 6.5 million shares @ $12 to $14
Shares Outstanding: 20.6 million shares
Underwriters: Credit Suisse First Boston/Deutsche Banc Alex. Brown/Robert W Baird & Co.
Company Counsel: O?Melveny & Myers
Manager Counsel: Latham & Watkins
Auditor: PriceWaterhouseCoopers LLP
The Company:
Provides clients with professional staffing services including accounting, finance, human resources and information technology personnel.
Venture Backers:
BankBoston
Evercore Partners Inc.
Financing Rounds:
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 04/01/1999 2 Buyout/Acq.
32000.0
Financials:
(Data in $ millions) Y/E
05/31/00
Total Revenues: $126.3
Net Income: 6.5