NEW YORK – Jupiter Communications Inc., a media research firm, went public October 8, offering 3.1 million shares of stock at $21 apiece. The company’s stock priced above its $18 to $20 filing range. Underwritten by Donaldson, Lufkin & Jenrette, Deutsche Banc Alex. Brown, Thomas Weisel Partners and DLJdirect Inc., the initial public offering left […]
AUSTIN, Texas – Texas Growth Fund (TGF) invests in late-stage manufacturing, distribution and service companies that conduct business, but are not necessarily headquartered, in Texas. TGF has raised three funds since it began making private equity investments in 1991. Its latest, the $450 million Texas Growth Fund II 1998 Trust, is expected to be fully […]
W hen John Bernstein of Advent International Corp. walks into his London office these days, he’s confronted with more than a dozen e-mails and a desk piled high with Internet proposals. An investment manager specializing in telecommunications and the Internet, Bernstein personally closed four of his firm’s 10 European Internet deals in the last year. […]
ARCH Venture Partners CHICAGO – ARCH Venture Partners invests in seed- to early-stage information technology, life sciences and physical sciences companies throughout the United States. The firm’s latest vehicle, the $175 million ARCH Venture Fund IV, closed in June, and about one-third of the fund has been invested or committed to some 20 companies, said […]
SAN BRUNO, Calif. – AsiaTech Ventures will manage a $48 million venture fund that will back Asian companies using Sun Microsystems Inc.’s Java programming language. Not surprisingly, Sun is a key investor in the Asia Java Venture Fund, along with the government of Singapore and Asian companies such as Fujitsu and Mitsui & Co. AsiaTech, […]
LONDON – Rupert Murdoch, who was initially unphased by the Internet and e-commerce, has now become an enthusiastic convert, launching News Corp’s $400 million e-partners fund for e-commerce and new media ventures. The vehicle will be managed along with ePartners, a United Kingdom Internet-focused joint venture between e-partners and Softbank Corp. of Japan. Murdoch’s plans […]
LONDON – Two of the United Kingdom’s leading smaller-company specialists, Luke Johnson and Mike Whitaker, have teamed with venture and corporate finance house NewMedia Investors (NMI) and GlobalNet Financial.com to form NewMedia SPARK, an incubator vehicle intended to become Europe’s first quoted Internet-focused fund. By joining NewMedia Spark with 10-INVEST, a planned Internet-based stock placement […]
SUNNYVALE, Calif. – InterTrust Technologies Corp., a company providing digital rights management platforms, went public October 27 offering 6.5 million shares at $18 apiece, above its $15 to $17 filing range. Credit Suisse First Boston, J.P. Morgan & Co., Salomon Smith Barney and SoundView Technology Group underwrote the offering, which left 37.8 million shares outstanding. […]
SUNNYVALE, Calif. – Interwoven Inc., a software provider, went public October 8, offering 3.15 million shares at $17 apiece. The company’s stock priced well above its $13 to $15 filing range. Underwritten by Credit Suisse First Boston, BancBoston Robertson Stephens and Dain Rauscher Wessels, the initial public offering left 21.8 million shares outstanding. There were […]
NEW YORK – Investment bank Brown Brothers Harriman & Co. in October hired Wilshire Associates Inc. to manage its new private equity fund-of-funds, BBH&Co. Private Equity Partners II L.P. The fund, targeted at $100 million to $150 million, launched in September and was expected to hold a first close on about $50 million in mid-November. […]