Investment banks and shareholders Morgan Stanley, Citigroup and Credit Suisse are underwriting Bats’s initial public offering.
Month: May 2011
ABB takes control of Validus
The deal to buy US-based Validus DC Systems, for an undisclosed amount, follows September’s investment in Power Assure by ABB Technology Ventures, the corporate venturing unit of Switzerland-based industrials group ABB.
Adobe designs with Demandbase
Venture capital firm Sutter Hill Ventures led the $10m round for Demandbase, and was joined by peers Sigma Partners and Altos Ventures, as well as Adobe.
Varian enters Augmenix
Augmenix was founded by Incept, a holding company set up by Amar Sawhney and Fred Khosravi to hold the patents on water-based gels, in 2008.
Intel continues deal surge
Intel Capital, the corporate venturing unit of chip maker Intel, has invested more than $18m in six companies: TOA Technologies, PolicyBazaar, Sudhir Srivastava Robotics Surgery Center, Yatra.com, WSO2 and July Systems.
iProf Learning Solutions doffs to Kaplan
Last month, IDG Ventures India, a corporate venturing unit of US publisher International Data Group, and venture capital firm Norwest Venture Partners joined a consortium investing R22 crore ($5m) in iProf.
Fisker hits further $100m
Fisker Automotive, which plans to build luxury hybrid electric and fossil fuel cars in the US and has battery maker A123 Systems on its board, has raised $100m of a planned $174.9m round
Yahoo sees share price fall
On Wednesday, Yahoo told the US regulator that Alibaba transferred its ownership of payments system Alipay to a new company controlled by Alibaba chief executive and co-founder Jack Ma.
ICICI snacks on Devyani
Devyani runs KFC, Pizza Hut and Costa Coffee franchises in India (and recently in Nepal, pictured,) and news provider Economic Times said it planned to float by 2013, although these plans had been mooted five years earlier.
Tencent backs Huayi Brothers
Tencent will gain a 4.6% stake in Huayi, according to China Tech News.
Matsuda leaves Hokkaido Venture Capital
Ikkei Matsuda, executive president of Hokkaido Venture Capital, has left.
Itochu seeks third fund
News provider Asian Venture Capital Journal said Itochu Technology Ventures’ first close at $67m was equivalent to its first fund’s final size.
Religare sails to Mauritius
Religare takes 40% of asset manager IPRO.
Nokia makes faster call with Quikr
Quikr has raised about $19m since it launched with the latest round led by led by Nokia Growth Partners.