CARLSBAD, Calif. – Invitrogen Corp., a provider of research services to corporate, academic and government entities, filed to go public December 10. The company plans to offer 3 million shares at approximately $15 each. Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities and Warburg Dillon Read underwrote the initial public offering, which will leave 12.6 million […]
SANTA CLARA, Calif. – NVIDIA Inc., a developer of three-dimensional graphics processors and related software, held an initial public offering January 21, offering 3.5 million shares at $12 each. The stock priced above the company’s $7 to $9 filing range. The IPO, which left 28.6 million shares outstanding, was underwritten by Morgan Stanley Dean Witter, […]
NEW YORK – J.P. Morgan Securities Inc., which has been shifting its business from commercial to investment banking, in January launched the first in a series of private equity funds. Tentatively named J.P. Morgan Latin American Capital Partners, the vehicle has a $1 billion target and will receive a significant infusion from the firm, said […]
BELLEVUE, Wash. – Encompass Ventures, a Japanese-backed firm that invests in United States information technology companies, is adjusting to the recent departure of its founder and preparing to raise two follow-up funds at the start of this year. Craig McCallum, who quietly resigned in the fall after expressing disappointment with the group, was expected to […]
MENLO PARK, Calif. – Doll Capital Management Inc. began pre-marketing its second fund in mid-November and planned to formally launch fund raising in February. Doll Technology Investment Fund II, which has a goal of between $80 million and $100 million, will back early-stage telecommunications and Internet software and services companies, said Managing General Partner Dixon […]
NEW YORK – Patricia Cloherty, a 30-year veteran of Patricof & Co. Ventures, in mid-December said she would scale back her daily responsibilities as co-chairperson of the firm, starting in June with a transition from general partner to special limited partner. Ms. Cloherty’s duties at the firm will remain unchanged until the transition, after which […]
WAYNE, Pa. – TL Ventures hired Robert Verratti in December as a partner who will establish the firm’s presence on the West Coast by identifying new investment opportunities and managing existing portfolio companies in Southern California. Mr. Verratti, most recently chief executive officer of National Media Corp., the world’s largest infomercial company and a TL […]
MENLO PARK, Calif. – In a somewhat unusual transition, Silicon Valley attorney Allen Morgan in early January joined Mayfield Fund as a venture partner focusing on the Internet, e-commerce and new media. Mr. Morgan made the move after spending the past five or six years advising young companies and building a network in the VC […]
TEL AVIV, Israel – An Israeli affiliate of Patricof & Co. expects a first close on its second vehicle in the near future, but the fund’s managing director, Allan Barkat, declined to provide details about a specific timetable. Apax Israel II is seeking $100 million from investors in the United States, Europe and Israel. The […]
BioVentures Fund Holds Initial Close WORCESTER, Mass. – BioVentures Investors, a first-time fund focusing on health and medical technology, in early January held an initial close on just under $12 million, amid a tough market for medical-related investments. Peter Feinstein, a general partner of the firm, was optimistic about the prospects for deal flow in […]