ANN ARBOR, Mich. – Arbor Partners L.L.C. in late October closed on the first $30 million of its second fund, targeted at $60 million. The firm expects to hold a final close on Arbor Venture Partners II L.L.C. in late December or early January, said Donald Walker, a managing director at the firm. Unlike the […]
WASHINGTON, D.C. – The Securities & Exchange Commission has received some 40 to 50 letters commenting on its proposed policy to eliminate pay-to-play at public pensions, and in mid-November replies were still arriving, said Robert Plaze, associate director in the SEC’s division of investment management. The SEC released the proposal in August (VCJ, September 1999, […]
NEW YORK – Sentinel Capital Partners invests in late-stage business-to-business services companies and outsource manufacturing and consumer companies in the United States and Canada. The firm does not back start-ups, information technology or biotechnology companies, preferring to confine itself to its core competencies, said founder David Lobel. The firm’s latest vehicle, Sentinel Capital Partners II […]
SAN FRANCISCO – Mediaplex Inc., an online advertising services company, went public November 19, offering 6 million shares at $12 apiece. The company’s stock priced at the top of its $10 to $12 filing range. Lehman Brother Holdings Inc., SG Cowen Securities Corp., U.S. Bancorp Piper Jaffray Inc. and Fidelity Capital Markets underwrote the initial […]
CORAL SPRINGS, Fla. – PNV Inc., a provider of communications services to truck drivers and the trucking community, went public November 24, offering 3.75 million shares at $17 apiece. The company’s stock priced at the top of its $15 to $17 filing range. Underwritten by CIBC World Markets, Allen & Co. Inc., Volpe Brown Whelan […]
FREEMONT, Calif. – Quintus Corp., a customer interactions management company, went public November 16, offering 4.5 million shares at $18 apiece. The company’s stock priced above its $15 to $17 filing range. Donaldson, Lufkin & Jenrette Inc., Dain Rauscher Wessels, SG Cowen Securities Corp. and DLJdirect Inc. underwrote the initial public offering, which left 32.1 […]
ROHNER PARK, Calif. – Broadband communications company Next Level Communications Inc. went public November 10, offering 8.5 million shares at $20 apiece. The company’s stock priced above its $17 to $19 filing range. Merrill Lynch & Co., Credit Suisse First Boston, Lehman Brothers Holdings Inc., Warburg Dillon Read L.L.C. and Volpe Brown Whelan & Co. […]
STOCKTON, Calif. – Pac-West Telecomm Inc., a competitive local exchange carrier, went public November 4, offering 12.6 million shares at $10 apiece. The company’s stock priced at the bottom of its $10 to $12 filing range. Bear, Sterns & Co. Inc., Banc of America Securities L.L.C. and First Union Securities Inc. underwrote the initial public […]
SUNNYVALE, Calif. – Finisar Corp., a high-speed network equipment provider, went public November 12, offering 8.2 million shares at $19 apiece. The company’s stock priced above its $16 to $18 filing range. Merrill Lynch & Co., J.P. Morgan & Co., Dain Rauscher Wessels, Morgan Keegan & Co. Inc. and SoundView Technology Group underwrote the initial […]
BURLINGTON, Mass. – iBasis Inc., an Internet telephony company, went public November 10, offering 6.8 million shares at $16 apiece. The company’s stock priced well above its $12 to $14 filing range. BancBoston Robertson Stephens & Co., Hambrecht & Quist Group and U.S. Bancorp Piper Jaffray underwrote the initial public offering, which left 30.5 million […]