LONDON – Deutsche Bank’s private equity arm, Morgan Grenfell Private Equity (MGPE), has set a euro 1.6 billion ($1.8 billion) target for Deutsche European Partners IV, a pan-European buyout fund focused on the United Kingdom, Germany and Italy. Formal fund raising for the vehicle began in February. Like many other recent fund efforts, Deutsche European […]
LA JOLLA/NEWPORT BEACH, Calif. – Enterprise Partners backs health-care and technology companies, focusing mostly on businesses in Southern California. Founded in 1985, the firm places some 80% to 85% of its capital in venture deals, preferring to be a company’s first institutional backer. Enterprise, however, does consider first- and second-stage opportunities. The firm invests the […]
WASHINGTON, D.C. – Friedman Billings Ramsey Group, a full-service investment banking and asset management firm, invests in post-seed-stage electronic commerce, telecommunications and Internet-related businesses primarily in the greater Washington, D.C., area and the Mid-Atlantic United States. The firm closed its first venture fund, the $50 million FBR Technology Venture Partners, in late July 1998. The […]
WAYNE, Pa. – Pennsylvania Early Stage Partners, a partially state-sponsored $50 million private equity vehicle, was launched in early 1998 to spur early-stage technology investments in Pennsylvania. The fund was established in response to Governor Tom Ridge’s Technology 21 initiative, which was launched several years ago to help boost the state’s high-tech industry and attract […]
CAMBRIDGE, Mass. – Allaire Corp., a Web development software provider, went public January 22, offering 2.5 million shares at $20 apiece. Shares priced above the company’s $15 to $17 filing range. The initial public offering, which left 10.5 million shares outstanding, was underwritten by Credit Suisse First Boston, Dain Rauscher Wessels and NationsBanc Montgomery Securities. […]
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 […]