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Cloud gaming company Playcast Media Systems has raised USD10 million in Series B financing from MK Capital, a Chicago/Los Angeles-based venture fund specialising in digital media, and JVP, a leading Israeli venture capital firm focused on media, technology and content.
Existing shareholders Xenia Venture Capital and C.Mer Industries also participated in the round. Playcast, a provider of AAA quality video-game streaming channels to multi-system operators (MSOs) and telecommunication companies, launched its initial European service in November of last year.
Along with the investment, Playcast has also appointed to its Board of Directors Gadi Tirosh, a JVP partner and a former
Thames River has strengthened its property team with the appointment of Raymond Lahaut as manager of the Longstone long/short real estate equity fund.
Since its launch in November 2007, Longstone has grown by 23.65% (figures from 30.11.07 to 31.12.10, for euro share class), a period in which the Dow Jones Credit Suisse Long/Short Equity Hedge Fund Index rose by only 3.7% and EPRA, an index of European listed real estate securities, fell by 32.4%.
Lahaut has been managing portfolios of property securities since 1999, first with Insinger de Beaufort and later at Ohra Asset Management (part of the
Independence Equity Management has launched Independence Equity I LP, a venture capital fund that will invest in early-stage companies commercialising technologies that improve resource utilisation.
Today’s announcement follows the first close of capital for the new fund, which will begin making investments this year. A second close is tentatively scheduled for April 30, 2011.
The fund’s principals define resource utilisation as the use or consumption of resources such as raw materials and labor. The objective is to identify innovations in business processes and technologies that reduce raw material consumption, improve yield/performance, increase labor efficiency or enable point-of-use production. The
Stephen C Massanelli has rejoined Dallas-based private investment firm Treadstone Partners as a Principal.
”The return of Steve to our leadership team is an important step in positioning the firm going forward,” says Phil Dixon, President. “With his background, he will be actively involved in all stages of the investment process and will have a particular focus on the firm’s future funding strategy.”
Massanelli was most recently Senior Vice President and Treasurer for Zale Corporation (NYSE: ZLC). During his 10-plus years at Zale, Massanelli held responsibility for finance/treasury, real estate, IT, risk management and credit operations. During the past year,
The total value of european private equity deals in 2010 totalled EUR71.5bn, and increase of 143 per cent on 2009, according to Candover’s latest Private Equity Barometer.
In the final quarter of 2010 there were 230 private equity-backed deals recorded with a value of EUR22bn, slightly down on the 235 recorded in the same quarter of 2009, but up 50% from EUR10.3bn in value terms.
The total number of buyouts increased for the third consecutive quarter, with Q4’s 101 deals making it the best performing quarter in 18 months in volume terms, and up 31% on the 77 buyouts recorded
Amgen is to acquire BioVex Inc a portfolio company of Forbion Capital Partners. Biovex Group is a privately held biotechnology company that has two biologics in clinical development, including Biovex’s lead product candidate, OncoVEXGM-CSF, a first in class oncolytic vaccine that may prove to be a paradigm-shifting approach to treating melanoma and other solid tumors, as well as a vaccine for genital herpes.
The transaction has been approved by the boards of directors of each company. It is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2011.
Under terms
In 2010, some 2,799 venture deals raised USD26.2 billion, a 6% increase in deals and an 11% increase in capital invested over 2009, when 2,636 deals raised USD23.6 billion, according to Dow Jones VentureSource.
And the growth in venture capital investment was driven by capital commitments outside of the Information Technology (IT) and Healthcare industries, which are traditionally venture capitalists’ comfort zones. In the fourth quarter of 2010, 735 deals raised USD7.6 billion, representing a 6% decrease in deals completed but a 6% increase in capital invested from the particularly strong fourth quarter of 2009, which tracked 782 deals completed
BI-SAM, a provider of performance attribution and reporting software solutions for the global asset management industry, has announced several new appointments, increasing its presence in Asian markets.
The AuM growth in the Asian Asset Management market is driving the need for high performing technology solutions to maintain its development as well as to provide its investors with required transparency.
BI-SAM has recently been selected by some high profile global asset managers for multi-site implementations of its B-One solution, enabling these managers to further develop their activities in the region.
In response to this demand for its services in the region,
I2BF Global Ventures (“I2BF”), the international clean technology asset management group, has announced the listing of Nesscap Energy Inc (Nesscap Energy) on Toronto’s Stock Exchange, TSX Venture Exchange (TSX).
The listing follows a reverse takeover by Nesscap Inc, a portfolio company in I2BF’s flagship venture capital fund I2BF Holdings I (2006 vintage). I2BF has also invested in convertible notes of Nesscap Energy concurrent with the listing, with those notes convertible into common shares at the initial listing price.
Nesscap Energy is a specialist in developing effective power and energy solutions used in transportation, industrial power, renewable energy and other
German venture capital funds have generated comparable or better returns than their US counterparts, as new data presented by three of Germany’s largest venture capital firms Earlybird, Target Partners and Wellington Partners shows.
The three VC firms analysed today’s most recent data provided by the "Private Equity Analyzer online database" that is hosted by the Munich based independent benchmarking specialist CEPRES. As part of a recently completed survey, the Database now gives an unprecedented overview of the international VC industry.
The analysis shows that venture capital investments in German portfolio companies with investments dated between 1998 and 2010 generated an
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