SEATTLE – Watchguard Technologies Inc., a provider of Internet security solutions, held an initial public offering July 30. The company offered 3.5 million shares at $13 apiece, the high end of its $11 to $13 filing range. Dain Rauscher Wessels, Warburg Dillon Read, SoundView Technology Group and Wit Capital Corp. underwrote the initial public offering, […]
PALO ALTO, Calif. – TIBCO Software Inc., a developer of software that allows businesses to integrate internal operations with customer and partners in real-time, held an initial public offering July 13. The company offered 7.3 million shares of common stock at $15 apiece, the high end of its $14 to $15 proposed price range. Underwriters […]
REDWOOD CITY, Calif. – Draper Fisher Jurvetson and three of the firm’s affiliated regional funds have certainly contributed their share to a venture market awash with fresh capital. Timberline Ventures in Portland, Ore., Zone Ventures II in Los Angeles and Draper Atlantic in Reston, Va., three vehicles concentrating on emerging Internet hubs in their respective […]
NEW YORK – The Bank of New York Co. has formed a new small business investment company that will act as a junior capital partner in private equity transactions. BNY Capital Partners L.P. will operate primarily as a mezzanine provider to financial sponsors, but the group also will make equity commitments, said Stratton Heath, the […]
PALO ALTO, Calif. – Technology Crossover Ventures (TCV) in July hired Warburg Pincus’ Chris Nawn as a partner and also promoted two associates to the partner level to help invest its latest fund. Nawn, an acquaintance of several TCV partners for many years, was a five year veteran at Warburg Pincus, where he worked in […]
BOSTON – Parthenon Capital held a final $350 million close in June on its debut private equity fund. In addition, the firm closed its first two deals in June, putting $30 million in equity into a staffing company and $15 million into a children’s clothing company. Demand among investors to enter Parthenon Capital’s fund was […]
PALO ALTO, Calif. – Techno-Venture Co. Ltd., a Japan-based venture firm with a Silicon Valley presence, is raising its ninth fund. The vehicle, likely to total $15 million to $20 million, will get its capital from Japanese institutions but invest exclusively in the United States, mainly on the West Coast, said Techno-Venture U.S. Chairman Jonathan […]
WAYNE, Pa. – Bolstered by a number of returning investors, TL Ventures in late July wrapped its fifth fund, the $250 million TL Ventures IV. TL IV quickly gathered $200 million from existing limiteds in an April first close and wrapped the fund three months later. First Union Corp., a first-time investor in the firm, […]
SAN FRANCISCO – Latin American hedge-fund manager Andrew Cummins has launched explorador.net, a venture fund that will invest in Internet-related companies targeting the region. Affiliated with his hedge operation Explorador Capital Management, explorador.net began raising its fund in mid-June and a month later reached a first close on $15 million, leading to a question of […]
SAN JOSE, Calif. – SOFTBANK Technology Ventures has spent the last few months boosting its staff to help operate a new incubator and invest its fifth fund, a $600 million vehicle. The Internet-focused venture firm in July hired as general partners D. Rex Golding, a former co-head of technology banking at Morgan Stanley Dean Witter, […]