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 […]
TEOCO, GlycoMimetics and United BioSource—Private Placement or Acquisition? It is an issue that has interested us for years. When is an investment a buyout and when is it a venture investment? The line used to be very clear. Buyout funds absolutely had to have control, and control was defined as over 50% of the voting […]
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…
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.”