It’s official. Following months of rumors, network equipment maker 3Com announced Friday that it has been acquired by the global investment firm Bain Capital and its Chinese partner Huawei Technologies. The price tag: $2.2 billion in cash, with Huawei taking a minority share in the venture. 3Com has long been a leader in the networking industry, producing networking equipment like switches and …
MARLBOROUGH, Mass.—-3Com Corporation today announced that it has signed a definitive merger agreement to be acquired by affiliates of Bain Capital Partners, LLC, a leading global private investment firm, for approximately $2.2 billion in cash.
University of Michigan MBA student Merrill Guerra spent five minutes with billionaire software start-up kingpin Kevin O’Connor at Entrepalooza 2007: Anybody Can Do It on Sept. 21. The brief encounter recharged her entrepreneurial aspirations for building her recently launched clicks-and-mortar venture, RealKidz Inc., into a successful business.
A joint venture consisting of W. P. Carey & Co. LLC and Watermark Capital Partners, LLC has acquired the Doubletree Hotel Memphis Downtown, a leading full-service hotel located in the heart of Memphis, Tennessee.
SANTA BARBARA, Calif.—-Somera Capital Management has joint ventured with Whisper Capital Partners to acquire The Palms of Kilani, a 106-unit apartment community in Wahiawa, Hawaii.
Business Highlights WASHINGTON (AP) ? New-homes sales tumbled in August to the lowest level in seven years, a stark sign that the credit crunch is aggravating an already painful housing slump.
CHICAGO—-Callahan Capital Partners , a real estate private equity firm, has completed the syndication of its partnership interests in the joint venture that owns five class A office properties totaling 2.8 million square feet and a development parcel, in downtown Denver, for gross proceeds of approximately $228 million.
TALLINN – Alta Capital Partners, a venture capital firm, announced that it was purchasing several food-producing subsidiaries of AS Kalev, including the regionally famous chocolate and candy producer.
VANCOUVER, BRITISH COLUMBIA– – Capital Alliance Group Inc. is pleased to report that it has received its trading symbol for the OTCBB market in the US. The trading symbol is CPTPF.
Legislation headed for a key vote in Congress could open the door to millions more dollars in funding to assist small business.
NEW YORK—-Waterfront Media, the largest privately held online health company , announced today that it has closed $25 million in its fourth round of funding. Scale Venture Partners led the round and was joined by new investor, Foundation Capital.
SVB Capital Partners, the funds management team within SVB Financial Group , has hired two senior members, John Dominguez and Vincent C. Williams to expand its funds team.
NEW YORK—-ORIX Venture Finance announced today that it has provided mindSHIFT Technologies, Inc. with $18 million in debt financing. mindSHIFT is a leading IT managed services provider with a significant presence in the small and medium sized business space.
The Ohio Capital Fund will give more than $300 million into new technology and medical projects throughout the next five to seven years according to the Fund Seed and Early Stage Summit meeting Tuesday at the Longaberger Alumni House.
FAIRFIELD, N.J.—-ISH, Inc announced today the acquisition of Paradigm Business Solutions, a leading provider of strategic consulting services and one of the nation’s leading providers of Lawson Software application and technical solutions.
DUBLIN, Ireland—-Research and Markets has announced the addition of Venture Capital & Private Equity Yearbook 2006/07 to their offering.
Global venture capital investments in clean technology companies surged to US$1.1 billion in the first six months of 2007 alone, according to mid-year research by Ernst & Young and Dow Jones VentureOne.
MOFFETT FIELD, Calif.—-Apprion, developer of the ION System for industrial wireless application networks, today announced the closing of a $12 million Series B round of funding. This round is led by Anvil Investment Associates LP with participation from new strategic investor CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures; and current investors Advanced …
Bessemer Venture Partners , the oldest venture capital practice in the United States, today announced its intention to offset all of its direct greenhouse gas emissions.
Raleigh ? Hatteras Investment Partners, an investment advisory firm founded in 2003, is raising up to $500 million for a late-stage venture capital fund, according to a filing with the U.S. Securities and Exchange Commission.
VANCOUVER, BRITISH COLUMBIA– – Capital Alliance Group Inc. is pleased to report that it has commenced several corporate initiatives relating to its proposed increase in ownership of its subsidiary, CIBT School of Business and Technology Corp. .
General Capital called a halt to its recent bad run as the asset and venture finance specialist reported a big rise in half year profit and said current market conditions suit its business.
JAJAH, the innovative web-based calling company, today announced the investment of T-Online Venture Fund. The fund is managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telekom. The investment of the T-Online Venture Fund is part of a $20 million USD investment round, co-led by Intel Capital. ?The agreement is unprecedented. JAJAH is the first Voice 2.0 company …
WELSH technology venture capitalist Michael Moritz, left, and seed backer of internet giants such as Google and Yahoo!, will address the first meeting in a new season of Cardiff Business Club next month.
MUMBAI (Thomson Financial) – Key items expected to Oct 9 Tuesday September 25 -SKorea markets closed -Taiwan markets closed -Bank of Japan releases minutes of monetary policy meeting held on August 22, 23 -Philippine July imports, trade balance -ECB main refi result -EU rules on acquisition by Nutreco of BASF animal blends operations -EU rules on acquisition by CVC Capital of DSI Holding -US …
OKLAHOMA CITY—-Oklahoma entrepreneurs are finding more options in their search for capital. The most recent example, Altheus Therapeutics, of Oklahoma City, gained $3.6 million from three venture capital funds.
GreatPoint Energy, Inc., the leading developer of catalytic gasification technology to convert coal, petroleum coke and biomass into clean natural gas while enabling the capture and sequestration of CO(2), today announced the financial closing of a $100 million strategic equity round.
BOCA RATON, Fla.—-Multi-Media Productions , Inc. announces that 21st Century Business & Architecture & Design Television, hosted by General Alexander Haig and Hunter Tylo, respectively, is airing on CNBC and Bravo!
TORONTO: Canada’s Venture Capital & Private Equity Association (CVCA) is pleased to announce that GrowthWorks Canadian Fund Ltd is the recipient of the CVCA’s 2007 “Deal of the Year Award” for the venture capital category and HSBC Capital (Canada) Inc. is the recipient of the CVCA’s 2007 “Deal of the Year Award” for the private equity category.
Chennai, Sept. 19 The TVS Group has set up TVS Capital Funds Ltd, which will make late-stage investments in private companies and in mid-cap, family-owned businesses across sectors in India. TVS Capital Funds Ltd, an asset management company, starts its activities with an office in Chennai.