VCJ Staff
LLR Partners announced that it is part of the group that has acquired Franklin Mint Co., a Philadelphia-based collectibles company. The deal was led by Steve Sisskind and Moshe Malamud, who run coin and stamp marketing company Morgan Mint Inc. www.llrpartners.com www.franklinmint.com
Promerica Bank, a new commercial bank in California focused on the Hispanic market, has agreed to receive an undisclosed amount of private equity funding from Palladium Equity Partners. www.palladiumequity.com
InterMedia Partners of New York has agreed to buy Puerto Rican television station WAPA-TV from LIN TV Corp. (NYSE: TVL). The deal is valued at $130 million in cash, and also includes the acquisition of WJPX-TV (programmed as MTV in Puerto Rico) and WAPA America (cable/satellite channel targeting Hispanics in mainland U.S.).
IT Group is providing
I have been a skeptic of venture capital involvement with podcasting companies since day one, even if day one wasn’t all that long ago. I just struggle to see venture-type ROI for most of these deals, unless they can be flipped before Yahoo, Google, etc. put down their tall glasses of content Kool-Aid. This isn’t […]
The secondary market has many more competitors than it did when Marleen Groen founded Greenpark Capital Ltd. in 2000, and new competitors are crowding the market all the time. But Groen is accustomed to challenges. She once climbed Mt. Kilimanjaro to raise money for charity. Compared to that feat, raising her second fund ($444 million) […]
Last November, wireless equipment maker InPhonic went public, giving one of its biggest investors, Technology Crossover Ventures, a $152.6 million return on the $56 million investment it had made in the company just 18 months earlier-a 2.7X return. It is a familiar scenario for late-stage investor TCV, which has enjoyed enough big hits in its […]
Patrick Ennis, managing partner of Arch Venture Partners in Seattle, knows a thing or two about research. Long before he joined Arch in 1998 to invest in life sciences, Ennis was conducting research, beginning in the late 1980s, on solid state and nuclear physics at several national laboratories in North America. He wrote numerous articles […]
Oct. 1 turned out to be a pretty interesting day in the tech business. First, the board of directors of PeopleSoft stepped up and canned Craig Conway, its CEO since 1999. Then, the enterprise software company took the highly unusual step of replacing him with none other than Dave Duffield, its founder and chairman. Replace […]
Private equity is, by definition, supposed to be a high-risk activity. When it comes to geography, however, most investors shy away from the perils of investing in emerging markets, like those in Eastern Europe. Michael Bleyzer, president and chief executive of SigmaBleyzer, finds the absence of private equity in Eastern Europe regrettable, but has not […]