LONDON – Just one month after the official start of fund raising, Paradigm Ventures, the brainchild of Esprit Telecom founder Michael Potter, in March raised $100 million to invest in European fast-growth, high-tech ventures. Mr. Potter is to step down as president and vice chairman of Esprit to run Paradigm, following GTS’s December acquisition of […]
NEW YORK – MitsuiPE, the private equity department of Mitsui & Co. (U.S.A.), Inc., invests in North American early-stage information technology and health-care companies solely for financial return. The firm also helps portfolio companies develop their business in Japan. Established in 1997, MitsuiPE is part of Mitsui & Co. Ltd.’s global private equity group, which […]
BELLEVUE, Wash. – Onyx Software Corp., a provider of enterprise relationship management software solutions, went public February 11, offering 3.1 million shares at $13 apiece. The stock priced above the company’s $9 to $11 filing range. Credit Suisse First Boston, SG Cowen and Piper Jaffray Inc. underwrote the initial public offering, which will leave 16.5 […]
ATLANTA/DALLAS In yet another sign of the abundant deal flow in the Southeastern United States, Monarch Capital Partners, a new venture fund dedicated to information technology investments, quickly landed three deals after an early January final close. Monarch is the latest of several IT-focused firms to spring up in the Atlanta region this past year. […]
PITTSBURGH/SANTA MONICA, Calif. – Wilshire Associates Vice President Erica Bushner will transfer in March to the advisory firm’s suburban Los Angeles office from its Pennsylvania headquarters to work more closely with venture firms. Investment analyst Patrick Wenzel, who was hired in January, will join Ms. Bushner in the satellite office. Wilshire’s limited partners have asked […]
MENLO PARK, Calif./PALO ALTO, Calif. – John Boyle, who recently departed Matrix Partners, joined Worldview Technology Partners in March as a general partner who will concentrate on data communications and telecommunications deals. Mr. Boyle, who had worked at Matrix for two and a half years, was one of several communications-focused partners at the firm, an […]
ORINDA, Calif. Intraware Inc., a developer of Internet-based business software, went public February 25, offering 4 million shares at $16 apiece. The company’s stock priced above its $13 to $15 filing range. The initial public offering, underwritten by CS First Boston, BancBoston Robertson Stephens and Hambrecht & Quist, left 23.53 million shares outstanding. There were […]
SANTA CLARA, Calif. Healtheon Corp., a developer of an Internet-based platform that facilitates and streamlines the interaction of health-care professionals, held an initial public offering February 10, offering 5 million shares at $8 apiece. The company’s stock priced above its $6 to $7 filing range. The IPO, underwritten by Morgan Stanley Dean Witter, Goldman Sachs […]
LA JOLLA, Calif. – Investment adviser Pacific Corporate Group is advising Japanese giant Mitsubishi Corp. on a new $50 million private equity fund-of-funds that will invest globally. The fund will be marketed through Mitsubishi’s new securities subsidiary of its merchant banking division, which is to begin operations April 1, said Kelly DePonte, chief operating officer […]
WARSAW, Poland – Two former members of Renaissance Capital’s Polish investment team have formed Spring, an independent venture management group that is marketing Spring Capital, a $55 million Poland fund. If Spring reaches a successful closing, it will be the first Polish fund raised by an independent local team without a Western partner or institutional […]