BroadSoft, Inc. Takes a Pinch to Facilitate an Acquisition. 11/2/09 Private Placement. This was the tiniest of rounds at $1.5M. The SEC filing says that the money is used for acquisition purposes. This news comes just weeks after the company announced plans to acquire Silicon Valley-based Packet Island, a maker of web-based software used to [...]
The Motley Fool, Once Every Ten Years Whether You Need It or Not. 11/2/2009 Private Placement. Motley Fool, the multi-faceted financial services company from Alexandria, took a whopping $25M round from BIA Digital Partners and Patriot Capital. This is the first capital taken since a $30M round in 2001
Zyngenia Attracts NEA. 11/4/2009 Private Placement. Thomson recorded this investment at only $3M. The press release clearly stated that it was the full $10M. Either amount falls below the normal threshold for the mighty NEA. More than likely, if this early stage investment
Millennial Media adds NEA as a New Lead Investor. 11/16/2009 Private Placement. In its 4th round of capital since 2006, Millennial Media of Baltimore brings in NEA as a new investor and lead alongside a stellar cast of Columbia, Bessemer and Charles River. This $16M brings the mobile media provider up to
Lighting Retrofit International Becomes 1st Investment for Arborview. 11/17/2009 Private Placement. In an era when venture capital funds are disappearing both locally and nationally, it is worth noting that Arborview Capital of Chevy Chase made its first investment in November.
WellAWARE Systems Gets First Time Capital from Valhalla. 11/17/2009 Private Placement. You have to like the way this one looks—traditional, retro venture investing from Gene Riechers at Valhalla. WellAWARE of Charlottesville “provides a monitoring solution that gathers and reports behavioral and wellness information
SunEdison LLC Where Big-Time M&A Comes to Maryland. 11/23/2009 Sale of Company. The reports on the big Wall Street bonuses that have so recently rubbed Joe Six-pack the wrong way are that the bonuses are going to the traders and not to the M&A professionals. M&A has not begun to recover as our monthly statistics [...]
TEOCO Brings Home Huge Investment from TA Associates. 10/6/09 Private Placement. At $60M, it is hard to find a larger first-time minority tech investment than the one made by TA Associates of Boston– at least locally. Awkwardly named TEOCO of Fairfax really means The Employee Owned Company—not too catchy but clearly successful. The company provides [...]
United BioSource Opens Sluice Gates for Berkshire Partners. 10/8/09 Private Placement. In a transaction that has similarities with the TEOCO one, United BioSource Corporation of Bethesda took in a massive $125M “growth equity” investment from Berkshire Partners. United BioSource plays an interesting and potentially lucrative role in the Pharma industry by helping develop and commercialize [...]
Command Information Slips in a Small “Expansion” Round. 10/11/2009 Private Placement. Command Information of Alexandria burst onto the local scene in 2006 with an eye-popping $32M from Novak Biddle, Paladin, Carlyle and Blue Water. It announced an ambitious program, starting from scratch, to become the leader in spreading the new IPv6 Internet protocol throughout government [...]
IXI Corporation Wins Big for Investors through Sale to Equifax. 10/28/2009 Sale of Company. Every now and then, an investment works the way it is supposed to. Core Capital, ECentury, and Blue Chip put $7.75M into IXI in 2004, followed the next year by a much smaller ECentury top-off round in 2005. Then, IXI management [...]
VirtuStream Inc., 9/1/09 private placement. Columbia Capital and Florida based Blue Lagoon Capital put some big second round money ($25 million) behind this Bethesda IT services company…
ICF International, 9/14/09 public shelf filing. ICF International filed a Shelf Registration for $200 million. Very interesting for a number of reasons.
Smithfield Foods, Inc., 09/16/2009 follow-on offering. Here is a something you don’t see often. A Smithfield Foods (Smithfield, VA) director resigned because he disagreed with the $300 million follow-on offering that the company completed in September.
CEL-SCI Corporation, 9/16/2009 PIPE. PIPE stands for “Private Investment in Public Equity.” In current times, PIPE investors are often private equity funds of various stripes, including ones with the misnomer “hedge funds.”