BALTIMORE – ABS Capital Partners invests in mid- to late-stage technology, business services, media and communications, health-care and Internet companies. The firm does not back start-ups, turnarounds or overseas companies. The group’s latest fund, ABS Capital Partners III, closed in April on $427 million and already is 25% committed. ABS expects the vehicle to be […]
LAWRENCEVILLE, N.J. – Edison Venture Fund invests in expansion-stage software and communications companies, as well as environmental science and other technology businesses in the mid-Atlantic United States. Edison IV, the firm’s latest vehicle, held a third and final close in October 1999 on $116 million, beating its $100 million target. The vehicle is one-third committed […]
DENVER – Exactis.com Inc., an electronic mail marketing company, went public November 19, offering 3.8 million shares at $14 apiece. The company’s stock priced in the middle of its $13 to $15 filing range. Thomas Weisel Partners L.L.C., Dain Rauscher Wessels and Wit Capital Corp. underwrote the initial public offering, which left 12 million shares […]
MENLO PARK, Calif. – GetThere.com Inc., an online travel services company, went public November 23, offering 5 million shares at $16 apiece. The company’s stock priced at the top of its $14 to $16 filing range. Underwritten by Donaldson, Lufkin & Jenrette Inc., Salomon Smith Barney, Bear, Sterns & Co. Inc. and WR Hambrecht & […]
HERNDON, Va. – LifeMinders.com Inc., an online direct marketing company, went public November 18, offering 4.2 million shares at $14 apiece. The company’s stock priced at the top of its $12 to $14 filing range. Hambrecht & Quist Group, Thomas Weisel Partners L.L.C., PaineWebber Inc. and Wit Capital Corp. underwrote the initial public offering, which […]
PLANO, Texas – MetaSolv Software Inc., a telecommunications software company, went public November 18, offering 5 million shares at $19 apiece. The company’s stock priced well above its $15 to $17 filing range. Underwritten by Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Jefferies & Co. Inc., the initial public offering left 33.2 million shares […]
Venture capitalists are starting to seize opportunities in technology and services companies in the utilities sector as the government breaks down its traditionally monopolistic walls and opens the industry up to competition. While many firms make opportunistic investments in the utilities space, three firms usually come to mind when energy deals are mentioned: EnerTech Capital […]
LONDON – Palamon Capital Partners was in the market for four vice presidents to help invest its inaugural fund, the E430 million ($433 million) Palamon European Equity L.P. Formed in mid-1998 by E. M. Warburg Pincus & Co. alumni Louis Elson and A. Michael Hoffman, the development-capital focused VC outfit spent about a year raising […]
GAINESVILLE, Fla. – When entrepreneur Jim White talks about his company’s interest in bugs, he is not referring to software glitches or the infectious diseases pharmaceutical companies try to cure. White is talking about actual bugs. Ladybugs, to be precise. White’s company, Entomos L.L.C., sells ladybugs, formally known as pink spotted lady beetles, to nurseries […]
UTRECHT, THE NETHERLANDS Seeking to capitalize on developments in agribusiness, Gilde Investment Management, an autonomous subsidiary of Rabobank and one of continental Europe’s longest established venture groups, intends to create a global family of focused food and agribusiness funds. Gilde plans to form six regional vehicles, which together will form the Global Food & Agribusiness […]