Target: Undertone Networks Price: $40 million Sponsor: JMI Equity Financial Adviser: Seller: Jordan Edmiston Group Inc. Legal Adviser: Sponsor: Goodwin Procter LLP; Seller: Gunderson Dettmer Stough Villeneuve Franklin & Hachigan, LLP JMI Equity has committed $40 million in growth equity to Undertone Networks, a manager of online advertising campaigns, after courting the company’s founder for […]
New Jersey Division of Investment is tinkering with notion of buying ownership stakes in management companies The New Jersey Division of Investment hopes to join the small club of large investors that have purchased ownership stakes in the management companies of private equity firms. The $78 billion limited partner is in discussions with a handful […]
More money is the key to making good returns on investments in the biotech sector says a survey by HBM Partners, the Swiss venture capital house. It looked at all trade sales of venture-backed biotechnology and specialty pharma companies from 2005 to 2007 and found that investments that generated returns of 3x or more, known […]
Index joins Wellington in the largest VC funding in a European online media business.
UK venture firm MTI has reached a first close on University of Manchester spin-out vehicle UMIP Premier Fund, raising £32m of a final target of £50m. The fund will have first approval of any investment opportunities generated by the university’s technology research, which has already produced companies like Renovo, a wound treatment business, which floated […]
DN Capital, the UK-based software and digital multimedia venture capital firm, has reached a first closing on its second fund, Global Venture Capital II (GVC II). The London-headquartered VC has raised just under half of its €100m target, and expects to reach final close by the end of the year. The fund will invest two-thirds […]
UK venture secondaries firm Shackleton Ventures has closed its second fund on £25m and made its first acquisition with the purchase of a 13-strong investment portfolio from 3i for an undisclosed amount. Shackleton Secondaries II (SSIILP) received the majority of its backing from an unnamed European fund-of-funds investor with over €1.5bn under management. The new […]
Entrepreneurs in the UK are not concerned about protecting intellectual property (IP) and do not see it as a barrier to success according to a survey carried out by VentureNavigator, the online service for small businesses, start-ups and entrepreneurs. Respondents also revealed that their primary motivation behind starting a business was not financial reward, which […]
Isango!, an online travel agency which has become a market leader in under two years, has closed its first institutional round on US$8m. The round was led by London’s SPARK Ventures which committed half of the total round amount, with Beringea, manager of the ProVen suite of VCTs, added US$2.5m and the remaining US$1.5m came […]
Small, private companies in the UK could find the year ahead a challenging one according to Modwenna Rees-Mogg, managing director of Venture Index. Following a year which saw investment in British enterprise reach a record high of £85m, the current economic turmoil hitting the buyouts market is threatening to spread to early-stage investment. Rees-Mogg said: […]