MENLO PARK, Calif. – GetThere.com Inc., an online travel services company, went public November 23, offering 5 million shares at $16 apiece. The company’s stock priced at the top of its $14 to $16 filing range. Underwritten by Donaldson, Lufkin & Jenrette Inc., Salomon Smith Barney, Bear, Sterns & Co. Inc. and WR Hambrecht & […]
HERNDON, Va. – LifeMinders.com Inc., an online direct marketing company, went public November 18, offering 4.2 million shares at $14 apiece. The company’s stock priced at the top of its $12 to $14 filing range. Hambrecht & Quist Group, Thomas Weisel Partners L.L.C., PaineWebber Inc. and Wit Capital Corp. underwrote the initial public offering, which […]
PLANO, Texas – MetaSolv Software Inc., a telecommunications software company, went public November 18, offering 5 million shares at $19 apiece. The company’s stock priced well above its $15 to $17 filing range. Underwritten by Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Jefferies & Co. Inc., the initial public offering left 33.2 million shares […]
Venture capitalists are starting to seize opportunities in technology and services companies in the utilities sector as the government breaks down its traditionally monopolistic walls and opens the industry up to competition. While many firms make opportunistic investments in the utilities space, three firms usually come to mind when energy deals are mentioned: EnerTech Capital […]
LONDON – Palamon Capital Partners was in the market for four vice presidents to help invest its inaugural fund, the E430 million ($433 million) Palamon European Equity L.P. Formed in mid-1998 by E. M. Warburg Pincus & Co. alumni Louis Elson and A. Michael Hoffman, the development-capital focused VC outfit spent about a year raising […]
GAINESVILLE, Fla. – When entrepreneur Jim White talks about his company’s interest in bugs, he is not referring to software glitches or the infectious diseases pharmaceutical companies try to cure. White is talking about actual bugs. Ladybugs, to be precise. White’s company, Entomos L.L.C., sells ladybugs, formally known as pink spotted lady beetles, to nurseries […]
UTRECHT, THE NETHERLANDS Seeking to capitalize on developments in agribusiness, Gilde Investment Management, an autonomous subsidiary of Rabobank and one of continental Europe’s longest established venture groups, intends to create a global family of focused food and agribusiness funds. Gilde plans to form six regional vehicles, which together will form the Global Food & Agribusiness […]
UTRECHT, THE NETHERLANDS – Having deployed E35 million ($35 million) of its E50 million ($50 million) Converging Technologies Europe fund in 12 companies in less than two years, NeSBIC Groep plans to go to the market this month with a E150 million ($152 million) successor fund. The new fund, NeSBIC Converging Technologies e-commerce Fund II […]
SAN FRANCISCO – Crosslink Capital expected to wrap its Crossover III fund on New Year’s Eve. The vehicle, which targets $200 million, reached a first close on $80 million in September, with all the capital coming from the firm’s previous backers.(VCJ, October 1999, page 21). Managing Director Michael Stark declined to name limited partners, but […]
SAN FRANCISCO – Thoma Cressey Equity Partners in November promoted associate Orlando Bravo to principal. The promotion was made “in recognition of how well he has done since he joined us, in terms of identifying good investment opportunities and completing them,” said Partner Lee Mitchell. The new title will not change Bravo’s primary responsibilities at […]