News provider Fortune said Bricault’s move to be a venture partner in Greycroft’s Los Angeles office came with the closing of Mailroom to new deals.
Month: April 2011
Peacock wins with Bigpoint exit
US-based cable company Comcast’s Peacock Equity corporate venturing fund will sell its holdings to US-based growth equity investors Summit Partners and TA Associates, whose $350m funding in Bigpoint is the second-largest investment in an online gaming company.
Oman bids for Indian exchange
Sovereign wealth fund Oman Investment Fund is reportedly to buy about 5% in Universal Commodity Exchange (UCX), an India-based multi-commodity exchange.
Samsung deals with TCL
TCL owns 55% of China Star and Samsung will buy its 15% stake for RMB1.5bn ($230m) from Shenzhen Shenchao Technology Investment, a venture capital firm owned by the government of Shenzhen City.
OpenPeak scales latest fundraising
In a regulatory filing first seen by news provider Citybizlist, seven investors have provided the money and the company has directors from Castletop Capital, Watermark Medical, Thomson, Ritchie Capital, Blackstone Group and GMG Capital Partners.
GE finds Momentive catalyst
Momentive plans to raise up to $862.5m in its initial public offering, according to its regulatory filing. Apollo owns 89.5% of Momentive, with GE Capital Equity Investments, a subsidiary of General Electric, holding 8.9%.
Corporates advertise Greystripe exit
Investment bank Montgomery advised Greystripe on its $70m exit to ValueClick, a Nasdaq-listed online marketing services provider.
Morgan Stanley misses BrightSource listing
Goldman Sachs, Citigroup and Deutsche Bank are serving as co-lead underwriters for US-based solar power tower developer BrightSource Energy’s flotation, although their peer Morgan Stanley, which owns 10.5% of its portfolio company.
VCs’ Perfect Partner
Venture capital firms select the corporate venturing unit they most respect and like to work with.
Six steps to social success
It doesn’t take six steps to join the dots behind Asian companies’ strategic moves.
Intel aims for further flotations
Impinj, a US-based provider of radio-frequency identification (RFID) tags, filed for a $100m initial public offering (IPO) while Phoenix New Media, the digital media arm of Phoenix Satellite Television, plans to raise double that.
Cisco floats 21Vianet Group
21Vianet had planned to raise $158.7m by issuing 11.5 million American depositary shares (ADSs), each representing six class A ordinary shares, according to its regulatory filing. Instead, it priced 13 million ADSs at $15 each and closed its first day of trading up 25%.
Entrepreneurs start hiring
US-based Silicon Valley Bank survey finds three in four entrepreneurs expect business conditions will get even better in the coming 12 months and so the vast majority of surveyed companies (83%) plan to hire in the coming year.
Gree becomes the destination
Japan-based social network provider Gree buys OpenFeint for $104m and commits to an Android fund.