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Q Chip Limited, a VC-backed pharmaceutical company working on cancer treatments based in the UK, locked in a $6 million Series C fundraising from Dutch investors Limburg Ventures and Nedermaas Hightech Ventures. Prior investors include Disruptive Capital Finance, which to date has led investments totaling $14.2 million in Q Chip Limited; Disruptive Capital also took part in the Series C round. Read more »
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Cleveland-based private equity firm Primus Capital is selling its Encore Discovery Solutions to a strategic buyer in EPIQ Systems Inc., which is based in Kansas City. Terms of the deal were not disclosed and advisors were not publicized. Read more »
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Social Scene: Bill Tai Gets Some (Big) Air, So Cal VC Puts $9.9M Estate on Market, Boise VC’s Yellow Lab Stars in New Feature
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Hot Secondaries, Now Selling on Nasdaq (Well, Kind of)
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 Michael Moe, one of the founders of GSV Capital Corp., changed that.... Read more »
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peHUB Second Opinion
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 Up in Smoke: Explosion rips through China plant that makes the Apple iPad. LinkedIn: No one knows what this company is really worth, says Business Insider. Coming Clean: PE firms like to crow when deals post great returns but are quiet when things don't go well. They should provide more disclosure, according to Breaking Views. One More Time: Sony gets hacked again but this time its So-net Entertainment Corp. Rich Get Richer: The wealth of millionaire households is expected to increase by 100% over the next 9 years. End of the World: Exactly when and where will the Rapture start? And what to do when the Rapture doesn't happen. Out on Bail: A time of DSK's weekend before he was arrested. And DSK may spend another night at Rikers since Bristol won't take him. Not Fired: McDonald's CEO defends the 48-year-old Ronald McDonald. RIP: Macho Man Randy Savage dies in a car accident. Read more »
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NY Firm Eyes Seismic Data Co.
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 The New York-based firm, which has so far raised $4 billion for the fund, is tapping it to invest in Seitel Inc., a Houston-based company that provides seismic data to the oil and gas industry, according to a regulatory filing. The seller is ValueAct Capital LLC, a hedge fund which in 2007 bought the remaining 61 percent of the company it didn’t already own in a deal valued at $780 million. It’s unclear how much Centerbri...
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Mobile video sharing company Vuclip raised $8 million from a group of investors including New Enterprise Associates and Jafco Ventures. The company has expanded to markets including India, Indonesia and Malaysia. Nick Sturiale of Jafco and Krishna Kolluri of NEA worked on the deal; specifics were not publicized. Read more »
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Kleiner Perkins Caufield & Byers and Highland Capital Partners teamed to provide mobile app firm session M with a $6.5 million financing. Other partners also contributed to the funding, which session M announced at its website, but they were not publicized. session M will be a part of the KPCB iFund. Bob Davis from Highland and Matt Murphy from KPCB will join the Company's board. Read more »
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Hipmunk CEO on Today’s Climate: Yeah, Entrepreneurs Think It’s Getting Wacky, Too
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 The company has attracted a m...
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CCMP In Talks to Buy Medpace in $500-$600M Deal
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 The deal is valued at roughly $500 to $600 million, one person says. Founded in 1992, Medpace provides clinical drug development services for the pharmaceutical and biotech industries. It employs about 1,000 people globally. The sale of Medpace was not an auction, one banker says. Instead, CCMP has been in exclusive talks to buy Medpace, the source says. Read more »
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Denver Shop To Close Fund at $2B Hard Cap
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 The fund close is notable considering the difficulties many firms are having raising capital and for the fact that KSL Capital was only founded in 2005. The Denver-based firm had been seeking $1.5 billion for KSL Capital Partners III LP, with a $2 billion hard cap. The firm is awaiting the final sign-off from two limited partners before closing the fund, the source said....
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Poll Results: Most Expect Groupon IPO Soon
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 So much so that we asked you about the other most likely candidate to go public. Groupon, the daily deals site, has been talking to investment bankers. The company is expected to pick Goldman Sachs and Morgan Stanley for its IPO, according to Thomson Reuters. Groupon’s IPO could raise as much as $1 billion while LinkedIn raised just $352.8 million (but LinkedIn's shares doubled during their first day and the company has a roughly $9 billion market cap). We asked you yesterday when you thought Groupon might go public. The biggest group of readers, 30.4%, thinks the IPO will come as soon as possible. Another 20% believe the Groupon IPO might come next year while 16.1% expect it to come in third quarter. What does this mean? Not that much. Especially since there was also a significant number of voters, nearly 20%, who don't think it matters when Groupon goes public (the world is ending Saturday so this question is moot). Read more »
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Ares Capital has exited its investment in Border Foods Inc., selling the company to Mizkan Americas Inc., a subsidiary of Japan-based Mizkan Group. Terms of the deal, which closed May 12, were not released. Harris Williams & Co. acted as the advisor to Border Foods. Read more »
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British information technology company Micro Focus International said it has been approached by private equity firms Bain Capital and Advent International, Reuters reported. The company, which specializes in mainframes, lost its chief executive last month, Reuters wrote. The company said there was no certainty that any offer for the company would result in talks. Read more »
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China-focused buyout shop Hopu Investment Management Co. sold half its stake in Winsway Coking Coal Holdings for about $82 million, Reuters reported. The company is one of China's major integrated importers and distributors of coking coal. Hopu owns almost 5 percent of the company after the sale. Read more »
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Versa Capital Management affiliate OCM has acquired Ohio Community Media, which owns and operates newspapers, publications and websites that serve communities in northern and western Ohio. Terms of the sale were not disclosed. Versa is private equity investment firm with $950 million of committed capital. Read more »
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CPPIB AUM Leaps to C$148B
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 The fund manager said its portfolio returned 11.9 percent for the year ended March 31, compared with a 14.9 percent return in the year-earlier period. CPPIB and other Canadian pension fund administrators took advantage of long-term investment horizons — as far out as 50 or 75 years in some cases — to sc...
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Buyout firm Actis has reached an agreement with Gas Natural Fenosa to buy a group of companies focused on the transportation and supply of electricity in Guatemala. The deal is valued at $345 million, plus assumed debt. Actis focuses on emerging market deals, and has roughly $4.6 billion under management. Read more »
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The Carlyle Group is planning to raise a $950 million fund for South American investments, Reuters reported, citing news from Bloomberg. Carlyle will inject about $730 million from institutional investors for the private equity fund, according to the report. Banco do Brasil SA will commit about $220 million to a related partnership targeting investments in Brazil, Reuters wrote. Read more »
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