Investment Banking News

Wednesday, April 27, 2011

Cleantech-focused funds take over as general VCs back off cleantech
Did VCs all suddenly decide saving the environment is a bad idea? In the late-to-middle portion of the last decade, the energy sector followed telecom equipment as a chapter in the history of irrational VC exuberance. Like venture investing in every sector, VCs' cleantech investing dipped in 2009. Then, while other sectors recovered in 2010, cleantech stayed flat.

Monday, November 29, 2010

Progress Partners launches $10M venture fund
High-tech investment bank Progress Partners is spinning out a $10 million venture investing fund, called Progress Ventures, to be overseen by its two senior managing directors, Nick MacShane and Sam Thompson.

Monday, November 1, 2010

New VC firm spins out of Provident Healthcare Partners
Investment bankers at Provident Healthcare Partners are launching a $25 million private investment partnership, dubbed Provident Healthcare Ventures, aimed at early-stage venture capital and middle market private equity investments in specific sectors of the healthcare industry.

Wednesday, September 1, 2010

The List: Investment banks with the top 20 M&A deals
The mergers and acquisitions market is starting to improve. Mass High Tech gathers a list of the investment banks with the largest merger and acquisition deals.

Thursday, June 18, 2009

Leerink Swann names Schimmer as biotech analyst
Leerink Swann, a Boston-based boutique investment bank focused on the health care space, notes that Joshua Schimmer has joined the firm as managing director, biotechnology analyst, covering mid- and large-cap biotechnology companies.

Tuesday, May 26, 2009

Raymond James buys investment bank Lane Berry
Broker-dealer Raymond James Financial Inc. has acquired Lane Berry and Co. LLC, a middle-market investment banking and advisory firm based in Boston. Terms of the deal were not disclosed in a press release announcing the deal.

Monday, April 20, 2009

Oracle buys Sun for $7.4B
After a failed merger with IBM Corp., Sun Microsystems Inc. has been acquired by software giant Oracle Corp. of Redwood Shores, Calif., in a cash deal valued at as much as $7.4 billion. Sun employs nearly 2,000 people in New England, while Oracle employs 680 people in the Bay State, and 42,000 people worldwide.

Tuesday, March 10, 2009

Brockway leaves Innovation Advisors for Stifel Nicolaus
Doug Brockway has joined the Boston-based technology practice of the investment banking group of Stifel, Nicolaus & Co. Inc. as a managing director, the St. Louis-based firm reports. Brockway comes to Stifel from Waltham-based technology-focused investment bank Innovation Advisors LLC.

Friday, March 6, 2009

Report: Charles River to close $300M fund
Charles River Ventures is about to close its 14th investment fund at $300 million, according to an online report.

Monday, December 8, 2008

Revolution Partners acquired by Morgan Keegan
Morgan Keegan & Co. Inc. has acquired Revolution Partners LLC, Tennessee-based Morgan Keegan announced today. Revolution co-founders Peter Falvey and David Lavallee will continue to oversee business operations, which include seven managing directors and more than 30 investment banking professionals.

Monday, March 31, 2008

As IPO drought goes on, tech M&A rise predicted
Despite a drought of initial public offerings during the first quarter -- or perhaps because of it -- the volume of local merger and...

Friday, March 28, 2008

Diebold filing: UTC already has ownership stake
United Technologies Corp. revealed that it already has a 3.5 percent ownership in its acquisition target, Diebold Inc. of Ohio, an electronics transaction systems...

Thursday, March 27, 2008

Novelos nabs $5M from equities sale
Novelos Therapeutics Inc. has struck a deal to raise $5 million in a private placement of stock with its existing investors, according to the...

Tuesday, March 25, 2008

Echo wins financing deal worth up to $3.3M
Echo Therapeutics Inc. reports it has obtained an option to issue up to $2 million in secured notes as well as warrants to buy...

Thursday, March 20, 2008

Quattrone back with new boutique bank
Seven months after being cleared of obstruction of justice charges, former investment banker Frank Quattrone reports that he's launching a technology-focused banking boutique in...

Friday, March 7, 2008

AMEX warns ThinkEngine of delisting
ThinkEngine Networks Inc. has been notified by the American Stock Exchange that the voice-processing company is subject to being delisted from the exchange. ...

Monday, March 3, 2008

Computershare boosts IML unit with Machine Dreams buy
In an effort to expand IML, its audience-response business, Computershare Ltd. has acquired its distributor, Machine Dreams Inc., for an undisclosed amount. The deal...

Monday, February 25, 2008

S.F. bank Rutberg lands in Boston seeking deals
Investment bank Rutberg & Co. LLC, focused on the wireless and digital media sectors, has opened a new office in Boston, the firm's first...

Friday, February 22, 2008

L-1 Identity tapped for $50M DOD travel system deal
L-1 Identity Solutions Inc. reports that one of its divisions has been awarded a Blanket Purchase Agreement from the U.S. Department of Defense's defense...
Acme Packet plans $20M stock buy back
Directors at session border controller maker Acme Packet Inc. have launched a stock repurchase program aimed at buying back up to $20 million worth...