Author Archives: Dan Primack
  • Deals of the day: Motorola selling enterprise biz

    To get deals in your inbox each morning, sign up for our Term Sheet newsletter

    Venture Capital Deals

    SilverRail, a Woburn, Mass.-based developer of passenger rail search and distribution technologies, has raised $40 million in Series C funding. Mithril Capital Management led the round, and was joined by return backers Canaan Partners, Sutter Hill Ventures and Brook Ventures. www.silverrailtech.com Avvo, a Seattle-based online marketplace for legal advice, has raised $37.5 million in Series D funding.Coatue Management led the MORE

    - Apr 15, 2014 1:45 PM ET
  • Forbes fumbles Obama record on merger politicization

    One blocked merger does not make a pattern, even if you pretend it does.

    FORTUNE -- Did you know that Obama's Justice Department selectively blocks mergers by Republican CEOs? No? Well then, you must not be reading Forbes.

    Look, I'm all for driving page-views. It's how folks in my profession get paid (either directly or indirectly). But is it too much to ask for a tiny bit of fact-checking before a national MORE

    - Apr 15, 2014 9:41 AM ET
    Posted in:
  • Tiger Global raises $1.5 billion

    Chase Coleman's firm raises eighth fund for private tech companies.

    FORTUNE -- Tiger Global has raised $1.5 billion for its eighth fund focused on high-growth technology startups, according to a regulatory filing.

    This is basically the same amount of money that Tiger Global raised for its seventh fund back in 2012, which invested in such companies as Automattic, One Kings Lane, Warby Parker, Eventbrite, Flipkart, Redfin and Glassdoor. One big difference, however, is MORE

    - Apr 14, 2014 3:53 PM ET
  • Exclusive: Kleiner Perkins raising $1.2 billion for new funds

    Kleiner Perkins raising new early-stage and digital growth funds.

    FORTUNE -- Kleiner Perkins Caufield & Byers last week unveiled its new fundraising plans, at a meeting of the venture capital firm's limited partners. 

    Fortune has learned that KPCB plans to target $450 million for its sixteenth early-stage fund, compared to the $525 million it raised two years ago. The firm also plans to raise $750 million for its second "digital growth" fund, compared MORE

    - Apr 14, 2014 12:33 PM ET
  • Madison Dearborn's patience pays off on Nuveen Investments

    In private equity, 'break-even' sometimes can be a win.

    FORTUNE -- Sometimes the best private equity strategy is to wait it out.

    Several years ago, Madison Dearborn Partners was really sweating its June 2007 decision to lead a $6.4 billion acquisition of Chicago-based mutual fund manager Nuveen Investments. The deal had been done at a 20% premium to where Nuveen was trading, even though the stock markets were at record highs. Soon MORE

    - Apr 14, 2014 12:22 PM ET
  • Deals of the day: TIAA-CREF buying Nuveen

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    Venture Capital Deals

    Julep Beauty, a Seattle-based beauty brand and ecommerce company, has raised $30 million in Series C funding. Azure Capital, Altimeter Capital and Madrona Venture Group were joined by return backers Andreessen Horowitz and Maveron. The company previously raised $26 million. www.julep.com

    NatureBox, a San Carlos, Calif.-based subscription box service focused on healthy snack food, has raised $18 MORE

    - Apr 14, 2014 11:18 AM ET
  • Goldman Sachs to invest in AvePoint

    Goldman Sachs to acquire stake in maker of big data management and compliance software.

    FORTUNE -- Goldman Sachs (GS) has agreed to acquire a minority equity stake in AvePoint, a New Jersey-based provider of big data management, governance and compliance software for social collaboration platforms like Microsoft Sharepoint. We have not yet learned any financial terms of the deal, which was first disclosed in a Federal Trade Commission document.

    Current AvePoint shareholders include private equity firm Summit MORE

    - Apr 10, 2014 2:35 PM ET
  • eBay gets 'even' with Carl Icahn

    eBay stock now trading lower than when Carl Icahn first disclosed stake.

    FORTUNE -- Carl Icahn today ended his three-month old feud with eBay Inc. (EBAY), agreeing to withdraw his nominations for two board seats and his insistence that the company sell a minority stake in its PayPal unit back to shareholders (as you may recall, he originally wanted PayPal to be spun out into a separate company).

    In exchange, Icahn and MORE

    - Apr 10, 2014 12:11 PM ET
    Posted in: ,
  • Deals of the day: Zendesk files for IPO

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    Venture Capital Deals

    NuCana Biomed, a British developer of oncology therapeutics, has raised $57 million in Series B funding. Sofinnova Ventures led the round, and was joined by existing backers Sofinnova Partners, Morningside Ventures, Alida Capital and the Scottish Investment Bank. www.nucanabiomed.comTendyne Holdings Inc., a Roseville, Minn.-based developer of technologies for transcatheter mitral valve replacement, has raised $25 million in Series MORE

    - Apr 10, 2014 10:58 AM ET
  • Pearl Jam's Dropbox hypocrisy

    Dropbox makes major announcement, and a little part of me just died.

    FORTUNE -- In 2006, Pearl Jam released a song called World Wide Suicide as the first single from its latest album. It was a personalized tale of rage over the Iraq War, and the U.S. government and media's lack of care for those had been killed in battle. Other songs on the album sounded a similar sentiment, and the band would MORE

    - Apr 9, 2014 3:06 PM ET
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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