LA JOLLA, Calif. – Investment adviser Pacific Corporate Group is advising Japanese giant Mitsubishi Corp. on a new $50 million private equity fund-of-funds that will invest globally. The fund will be marketed through Mitsubishi’s new securities subsidiary of its merchant banking division, which is to begin operations April 1, said Kelly DePonte, chief operating officer […]
WARSAW, Poland – Two former members of Renaissance Capital’s Polish investment team have formed Spring, an independent venture management group that is marketing Spring Capital, a $55 million Poland fund. If Spring reaches a successful closing, it will be the first Polish fund raised by an independent local team without a Western partner or institutional […]
PORTSMOUTH, N.H. Bottomline Technologies, a developer of software that facilitates e-commerce for business-to-business transactions, went public February 12, offering 3.4 million shares at $13 apiece. The company’s stock priced at the high end of its $11 to $13 filing range. The initial public offering, underwritten by BancBoston Robertson Stephens, BT Alex. Brown and CIBC Oppenheimer, […]
SANTA MONICA, Calif. EToys Inc., an online retailer of major and specialty brand toys, filed to go public February 17. The company has not yet announced how many shares it plans to offer, or a suggested stock price. Goldman, Sachs & Co., BancBoston Robertson Stephens, Donaldson, Lufkin & Jenrette Securities Corp. and Merrill Lynch & […]
NEW YORK – Flooz.com, a seller of online gift credits that are accepted at a variety of Web retailers, in February raised $1 million in a first round of venture financing. San Francisco-based Venture Strategy Group, which invests in branded-consumer companies, handed over part of the capital in February and is slated to deliver the […]
SANTA ANA, Calif. Corinthian Colleges Inc., a private, for-profit higher-education company, held an initial public offering February 4, offering 2.7 million shares at $18 apiece. The company’s stock priced at the high end of its $16 to $18 filing range. The initial public offering, underwritten by Salomon Smith Barney, Credit Suisse First Boston and Piper […]
WESTLAKE VILLAGE, Calif. – There are many places to buy a cheap stereo. Likewise, for a high-end system or a tony home-theater setup in the low-six-figure range. But where would you go for an in-between model that costs $3,000 to $50,000? You might want to check out KnowledgeLINK, a southern California online company designed to […]
The ears of many venture capitalists are likely to perk up while listening to Ashu Rajbhandari describe his pension fund’s penchant for private equity investing. The Washington State Investment Board prides itself on being an innovator when it comes to alternatives, and the pension plans to continue pouring capital into the asset class at a […]
NEW YORK – Capital Z Partners in March said it would invest $25 million from its latest fund in the online investment bank Wit Capital. Capital Z will become the largest shareholder in Wit following the close of the growth capital round, expected in late March. Funding came from the recently wrapped $1.85 billion Capital […]
In a way, venture firm Tullis-Dickerson & Co. Inc.’s two New Mexico offices owe their existence to venture capital’s explosion in the Southeastern United States more than to anything that happened in the Southwest. Tullis-Dickerson in 1994 launched the TD Javelin Capital Fund, a $34 million vehicle focused on the Southeast. The fund, based in […]