Investment bank Montgomery advised Greystripe on its $70m exit to ValueClick, a Nasdaq-listed online marketing services provider.
Category: Deals
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.
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%.
Gree becomes the destination
Japan-based social network provider Gree buys OpenFeint for $104m and commits to an Android fund.
HTC calls up OnLive
In a filing with the Taiwan Stock Exchange, HTC said it would buy 5.33 million shares in US-based OnLive at $7.50 per share as part of a partnership.
World opens for Gaia Online
News provider TechCrunch said the round took its total financing to more than $32m with investors including VC firms Benchmark Capital, DAG Ventures and Redpoint Ventures, and media groups Time Warner and Sony Pictures.?
Intel insured for ETechAces deal
ETechAces runs the PolicyBazaar.com insurance portal and has gained Intel Capital as an investor alongside Info Edge.
Motorola finds Scanbuy solution
Motorola Solutions Venture Capital backs latest $5m round for Scanbuy.
Chesapeake ups Frac Tech perccentage
Chesapeake has increased its stake in Frac Tech to 30% from 26%, newswire Reuters said, and it will gain a dividend from the buyout.
IDG invests in China and India
US publisher International Data Group’s IDG Ventures India backs iProf Learning Solutions and IDG-Accel Capital invests in ShineOn.
Tracon swallows $22m in two bites
The first tranche for Tracon Pharmaceuticals is $14m to fund the development of the antibody TRC105 through its phase two trials.
Genzyme absent from Bluebird round
Third Rock led last year’s $35m B round that also saw biotech company Genzyme’s corporate venturing division join the investment consortium as a new investor and it remains on the company’s share register, although not publicly mentioned in its latest $30m C round.
Kobo reads up on $53m
Kobo said Indigo maintained its controlling position but existing investors, which also includes China’s Cheung Kong Holdings, provided C$13m of the total with the rest coming from a group led by an institutional investor.