Firms & Funds

IPOs/Recent Issues 0501 –

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AFC Enterprises
Atlanta
Went public 03/02/01 at $17 per share
Filing Range: 3.1 million shares at $15 to $17
Offering Size: $49.6 million
Post Offering Valuation: $394.65 million
Shares Outstanding: 29.5 million shares
Underwriters: Goldman, Sachs & Co./Credit Suisse First Boston/Deutsche Bank AG
Company Counsel: Riordan & McKinzie
Manager Counsel: King & Spalding
Auditor: Arthur Andersen LLP
The Company
Owns and operates franchise chicken and other fast food restaurants. The company is the parent company of Church’s Chicken, Popeye’s Chicken & Biscuits, Cinnabon, Seattle’s Best Coffee, Torrefazione Italia brands and Ultrafryer Systems. The company operates more than 3,300 restaurants, bakeries and cafes in 25 countries.
Venture Backers
Freeman Spogli & Co.
Penman Partners
Financing Rounds
Round # Round Date
Number of Stage Investors
Round Amt. ($ thousands)
1 04/27/96 2 Buyout/Acq. 77036.0
2 01/01/98 1 Expansion 2433.0
3 10/15/98 1 Buyout/Acq. 17200.0
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: 725.2
Net Income: 27.5
EPS: 1.04

 

Encore Acquisition Co.
Fort Worth, Texas
Went public 03/09/01 at $14 per share
Filing Range: 7.15 million shares at $13 to $15
Offering Size: $100.1 million
Post Offering Valuation: $420.42 million
Shares Outstanding: 30.03 million shares
Underwriters: Goldman, Sachs & Co./Credit Suisse First Boston/Dain Rauscher Wessels/Petrie Parkman & Co.
Company Counsel: Kelly Hart & Hallman
Manager Counsel: Baker Botts LLP
Auditor: Arthur Andersen LLP
The Company
Encore Acquisition is an independent oil and natural gas company engaged in the acquisition, development and exploitation of reserves located in the Williston Basin of Montana and North Dakota, the Permian Basin of Texas and New Mexico, and the Anadarko Basin of Oklahoma.
Venture Backers
Warburg, Pincus & Co. LLC
First Union Capital Partners
Natural Gas Partners
Financing Rounds
Round # Round Date
Number of Stage Investors
Round Amt. ($ thousands)
1 8/1/98 4 Buyout/Acq. 5000.0
2 4/1/99 2 Buyout/Acq. 37757.0
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: 108.9
Net Income: 2.1
EPS: -5.81

 

Loudcloud Inc
Sunnyvale, Calif.
Went public 03/09/01 at $6 per share
Filing Range: 25 million shares at $6
Offering Size: $150 million
Post Offering Valuation: $439.54 million
Shares Outstanding: 67.9 million shares
Underwriters: Goldman, Sachs & Co./Morgan Stanley/Thomas Weisel Partners/Epoch Capital Corp.
Company Counsel: Wilson Sonsini Goodrich & Rosati
Manager Counsel: Simpson Thacher & Bartlett
Auditor: Ernst & Young LLP
The Company
Provides software infrastructure services for outsourced Internet operations. The company offers hosting, managed services and technology designed to automate the operations environment, providing customers with reliability, efficiency and performance in a single solution.
Venture Backers
Benchmark Capital
Charter Growth Capital
Integral Capital Partners
Amerindo Investment Advisors Inc.
Financing Rounds
Round # Round Date
Number of Stage Investors
Round Amt. ($ thousands)
1 11/1/99 2 Early Stage 2250.0
2 1/1/00 2 Early Stage 21000.0
3 6/23/00 7 Expansion 120000.0
Financials
(Data in $ millions except EPS) Nine Months Ended (10/31/00)
Total Revenues: 6.6
Net Income: -107.6
EPS: -502.78

 

Seattle Genetics Inc.
Bothell, Wash.
Went public 03/07/01 at $7 per share
Filing Range: 7.0 million shares at $8 to $10
Offering Size: $63 million
Post Offering Valuation: $206.78 million
Shares Outstanding: 29.1 million shares
Underwriters: J.P. Morgan Chase & Co./CIBC World Markets/ Banc of America Securities LLC
Company Counsel: Venture Law Group
Manager Counsel: Cahill Gordon & Reindel
Auditor: Pricewaterhouse Coopers LLP
The Company
Develops monoclonal antibody-based cancer therapeutics. The company specializes in testing a treatment for tumors associated with breast, prostate, lung, ovarian and colon cancers as well as completing animal trials on cancers of the blood.
Venture Backers
Sofinnova Ventures
BA Venture Partners
OVP Venture Partners
Indosuez Ventures
Financing Rounds
Round # Round Date
Number of Stage Investors
Round Amt. ($ thousands)
1 1/1/98 2 Early Stage 7250.0
2 4/1/98 2 Early Stage 6750.0
3 12/22/99 3 Expansion 32000.0
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: 0.09
Net Income: -7.8
EPS: -2.54

 

Versity
Mountain View, Calif.
Went public 03/21/01 at $7 per share
Filing Range: 3.3 million shares at $8 to $10
Offering Size: $23.3 million
Post Offering Valuation: $121.93 million
Shares Outstanding: 18.05 million shares
Underwriters: Robertson Stephens & Co./Dain Rauscher Wessels/SG Cowen Securities
Company Counsel: Howard, Rice, Nemerovski, Canady
Manager Counsel: O’Melveny & Myers
Auditor: Ernst & Young LLP
The Company
Manufactures non-invasive gas analyzers for point-of-care medical applications such as patient monitoring and diagnosis.
Venture Backers
Sequoia Capital
Gemini Capital Fund Management Ltd.
VenGlobal Capital
Advent International Corp.
Financing Rounds
Round # Round Date
Number of Stage Investors
Round Amt. ($ thousands)
1 10/1/96 2 Early Stage 2650.0
2 9/11/97 3 Expansion 3121.0
3 6/1/98 3 Later Stage 5310.0
4 6/1/99 3 Expansion 11475.0
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: 21.5
Net Income: -4.4
EPS: -0.64