SAN FRANCISCO – Nth Power Technologies Inc., which launched its sophomore effort in July, is expecting a first close on about $25 million in January, said Maurice Gunderson, a managing director at the firm. Targeted at between $75 million and $100 million, Nth Power Technologies Fund II L.P. will back early-stage companies positioned to capitalize […]
SAN FRANCISCO – Israeli venture firm BRM Technologies Ltd., is suing New Jersey investment bank Broadview International L.L.C., along with Paul Deninger, the firm’s chief executive officer and managing director, and Bernard Goldstein, a former managing director, for alleged securities fraud. BRM hired Broadview in 1995 to evaluate the worth of the firm’s stock in […]
ANN ARBOR, Mich. – Arbor Partners L.L.C. in late October closed on the first $30 million of its second fund, targeted at $60 million. The firm expects to hold a final close on Arbor Venture Partners II L.L.C. in late December or early January, said Donald Walker, a managing director at the firm. Unlike the […]
WASHINGTON, D.C. – The Securities & Exchange Commission has received some 40 to 50 letters commenting on its proposed policy to eliminate pay-to-play at public pensions, and in mid-November replies were still arriving, said Robert Plaze, associate director in the SEC’s division of investment management. The SEC released the proposal in August (VCJ, September 1999, […]
NEW YORK – Sentinel Capital Partners invests in late-stage business-to-business services companies and outsource manufacturing and consumer companies in the United States and Canada. The firm does not back start-ups, information technology or biotechnology companies, preferring to confine itself to its core competencies, said founder David Lobel. The firm’s latest vehicle, Sentinel Capital Partners II […]
SAN FRANCISCO – Mediaplex Inc., an online advertising services company, went public November 19, offering 6 million shares at $12 apiece. The company’s stock priced at the top of its $10 to $12 filing range. Lehman Brother Holdings Inc., SG Cowen Securities Corp., U.S. Bancorp Piper Jaffray Inc. and Fidelity Capital Markets underwrote the initial […]
CORAL SPRINGS, Fla. – PNV Inc., a provider of communications services to truck drivers and the trucking community, went public November 24, offering 3.75 million shares at $17 apiece. The company’s stock priced at the top of its $15 to $17 filing range. Underwritten by CIBC World Markets, Allen & Co. Inc., Volpe Brown Whelan […]
FREEMONT, Calif. – Quintus Corp., a customer interactions management company, went public November 16, offering 4.5 million shares at $18 apiece. The company’s stock priced above its $15 to $17 filing range. Donaldson, Lufkin & Jenrette Inc., Dain Rauscher Wessels, SG Cowen Securities Corp. and DLJdirect Inc. underwrote the initial public offering, which left 32.1 […]
ROHNER PARK, Calif. – Broadband communications company Next Level Communications Inc. went public November 10, offering 8.5 million shares at $20 apiece. The company’s stock priced above its $17 to $19 filing range. Merrill Lynch & Co., Credit Suisse First Boston, Lehman Brothers Holdings Inc., Warburg Dillon Read L.L.C. and Volpe Brown Whelan & Co. […]
STOCKTON, Calif. – Pac-West Telecomm Inc., a competitive local exchange carrier, went public November 4, offering 12.6 million shares at $10 apiece. The company’s stock priced at the bottom of its $10 to $12 filing range. Bear, Sterns & Co. Inc., Banc of America Securities L.L.C. and First Union Securities Inc. underwrote the initial public […]