Luisa Beltran
Fusion-io on Wednesday filed with the SEC to raise as much as $350 million via a stock offering. Fusion-io itself plans to sell about $100 million while the rest will come from selling stockholders. Goldman Sachs and Morgan Stanley are joing bookrunners on the deal. New Enterprise Associates own about 31% of the company, according to an SEC filing.
Nicolás Szekasy has joined Open English's board in connection with an investment in the company by Kaszek Ventures. Szekasy is a managing partner of Kaszek Ventures. Miami-based Open English is an "online school" that helps users speak English.
The very public (and political) failure of Solyndra left a bunch of venture firms with black eyes, but the solar company’s bankruptcy didn’t hurt fundraising efforts for at least one of its backers: Redpoint Ventures. The Silicon Valley venture firm has raised $400 million for its “Redpoint Omega” fund, which will target growth companies. That’s considerably more […]
Angie's List said Wednesday that it planned to sell roughly 8.8 million shares at $11 to $13 each.
The company, at the mid-point of the range, could raise$105.6 million. The company itself is offering 6.25 million shares, while selling stockholders, which includes senior management, are providing 2.5 million shares, according to an SEC filing. Angie's List is expected to trade on the Nasdaq under the ticker "ANGI."
BofA Merill Lynch is acting as bookrunner for the deal, while other underwriters include Allen & Co., Stifel Nicolaus Weisel and RBC Capital Markets. The underwriters have the option to buy an additional 1.3 million shares.
Freedom Communications said Wednesday that it has agreed to sell the assets of its broadcast properties to Sinclair Broadcast Group. Financial terms weren't announced. Sinclair Broadcast, in a separate release, says it will pay $385 million for eight TV stations.
Today, Gilt Groupe made it official.
New York-based Gilt said it has acquired BuyWithMe. Financial terms of the deal, which closed yesterday, weren't announced.
Boston-based BuyWithMe offers daily deals to a customer base of millions in 13 markets around the country, according to a statement. BuyWithMe is being integrated into Gilt City, which offers “local experiences,” a spokeswoman says.
CallmyName said Monday that it has raised $6 million from Canaan Partners. The company has previously raised $3 million from private investors. CallmyName has developed technology to allow name dialing for mobile devices.
Shareholders of Kinetic Concepts have approved a roughly $6.3 billion takeover offer from a consortium including Apax Partners, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. The deal is expected to close in early November. Morgan Stanley advised the investor group. Morgan Stanley, BofA Merrill Lynch and Credit Suisse also provided debt financing. San Antonio, Texas-based Kinetic is a wound care company.
BuyWithMe is being sold to Gilt Groupe, according to a report from Beta Beat.
Financial terms weren't disclosed. The daily deals site will officially become part of Gilt, an online seller of designer fashion, on Nov. 1, the story says.
The sale comes after BuyWithMe reportedly laid off half of its staff earlier this month. BuyWithMe has secured about $30 million in funding, Beta Beat says. This includes $5.5 million in funding from Matrix Partners in January 2010. BuyWithMe, the following July, scored another $16 million in a round led by Bain Capital Ventures.
Detroit Labs said Wednesday it is moving to downtown Detroit, in the Madison Theatre building. Detroit Labs creates applications for the iPhone, iPad, Android and Web applications. The company has received funding from Detroit Venture Partners.