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Perfect Market’s Perfect Storm
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 Capital will be used to expand on Perfect Market’s existing sales staff and to open up new offices, said Julie Schoenfeld, CEO. The company has raised three prior rounds of capital totaling nearly $20 million and Schoenfeld said, of the Series D funding, “it’s entirely possible this would be our last round” of fundraising. Prior rounds included Idealab, Rustic Canyon Partners, the Tribune Co., and Trinity Ventures. Each of the investors also joined in for Perfect Market’s Series D. It raised $5.1 million in 2007, $8 million in 2008 and $6 million in 2010... Read more »
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Confirmed: Kagle Easing Out of Benchmark to Spend More Time Mentoring, Learning to Sail
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 “I just want to have more flexibility than the role of a managing general partner would provide,” says Kagle, 55, who helped found Benchmark in 1995 and is best known for leading its highly successful investment in eBay. “There are lots of things I’m interested in making more time for that I haven’t had time for.” ...
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Private equity firm Windjammer Capital Investors exited its investment in MacLean Power Systems, the firm revealed. Over Windjammer's 8-year holding period, the investment in MPS generated total proceeds of $128.2 million on $30.6 million of invested capital. Read more »
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International private investor First Reserve, an energy PE firm, has promoted eight professionals, including five members of its investment team. Among those promoted are Jeffrey K. Quake, now a managing director and Edward T. Bialas, Michael G. France, Dod E. Wales and Neil A. Wizel, each directors. Read more »
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peHUB Second Opinion
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 When You Put it That Way…: Yes, it sounds as if the U.S. does in fact have a debt problem Making Deals: PE pro Tom Gores eyes the Pistons, perhaps the last valid asset in Detroit What to Do…: After amassing your billions via Facebook? To New Zealand! Still Trying: Sanofi-Aventis keeps at it with Genzyme Read more »
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Best-Selling Author and Investor Tim Ferriss on His Mentor, His New Investing Philosophy, and, Gulp, That New York Times Review
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 Thanks to a chance encounter with investor Mike Maples when both were guests lecturers at Princeton – Ferriss has a degree in East Asian studies fr...
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Index Ventures Crossing the Pond
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 The location is TBD, but Partners Danny Rimer (pictured) and Mike Volpi have their sights set somewhere on Silicon Valley. As the blog post points out, Index, which has sites in Geneva and London, has always been active in the United States. They’ve invested in 58 companies over the years that launched from the U.S. and have helped 35 more move over from Europe. In other wor...
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Advent International of Boston, Mass., agreed to acquire 50 percent of Terminal de Conteineres de Paranagua S/A’s (TCP) capital stock. TCP is Brazil's third-largest container port terminal. All of TCP's current shareholders will retain an ownership position in the company after the deal closes.
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Carlyle Group of Washington, D.C., completed the acquisition of CommScope Inc. CommScope shareholders will $31.50 for each share held in the maker of communication cables. Marvin S. "Eddie" Edwards Jr., CommScope's president and chief operating officer, was named president and CEO. He was also named to the board of CommScope. Edwards succeeds Frank M. Drendel, who served as CEO since he founded the company in 1976. Drendel also remains chairman.
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Feds to Weigh-In on Volcker Rule by January 22
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 Among the most controversial of these provisions is the Volcker Rule, named after Paul Volcker, former Federal Reserve Chairman and the rule’s biggest proponent. The rule will generally restrict banks and bank holding companies from engaging in proprietary trading, as well as certain hedge fund an...
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Fosun Group and Prudential Financial Inc. signed a memorandum of strategic cooperation to form a private equity fund. Insurance and financial service company Prudential is looking to invest $500 million in the fund. Fusom Group, which is a non-state-owned conglomerate in China, will serve as general partner and take responsibility for investment decisions. It looks to invest $100 million.
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Social Buying, Location Apps: 2011 Is A Year Of Maturing Markets
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 Tower spends a lot of his time focused on consumer Internet, digital media and mobile applications companies, so his observations on topics such as location-based services and social buying come from front line experience. Citron, of course, is the international private equity firm with a vent...
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peHUB First Read
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 Pushed Back: News Corp.’s daily iPad app is delayed $15B?: That’s what Groupon says its worth Stocks: U.S. futures mixed, most foreign markets took a slight dive Back in Business: The GOP looks to regain footing and push its ambitious agenda Read more »
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Are Kagle and Balkanski Phasing Out of Benchmark?
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 PeHUB was the first to report earlier today that Benchmark had closed on a seventh fund, $400 $425 million vehicle.
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Icera, a soft modem specialist based in Bristol, England, has raised $12 million in debt funding from Silicon Valley Bank. The line will be used to accelerate the company’s growth in the smart phone market. Icera has already raised $250 million in venture funding, including from Accel Partners, Balderton Capital, and Draper Fisher Jurvetson. PRESS RELEASE: Icera Inc., the soft modem semiconductor company, today announced that it has successfully completed a $12.0 million debt facility with Silicon Valley Bank, the commercial banking division of SVB Financial Group (Nasdaq: SIVB) and financial partner to technology companies worldwide. The combined facility, consis
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Apparel retailer Anchor Blue has started going out of business sales at its 117 stores after it filed for bankruptcy on Tuesday for the second time in less than two years, according to court documents.
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Scoop: Cava Capital Eyes 2011 First Close on $100M Fund
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 Cava Capital (which, for all you Francophiles, is not pronounced like the French question: “How are you,” but instead with a hard C) will reel in between $30 million and $40 million before it closes its round, one source said. The firm has met with placement agents, but has not selected one, a source familiar with its plans indicated. The firm completed a Series A investment in etouches Inc., a Connecticut-based SaaS company supporting online event management. A source with Cava indicated... Read more »
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OnSwipe, the tablet advertising company, has raised $1 million from investment firms including Boston-based Spark Capital, Betaworks and ENIAC Ventures. Angel investors Dharmesh Shah, Jennifer Lum, Roy Rodenstein and Wayne Chang also contributed to the funding round. Read more »
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Boston-based investment firm Madison Parker Capital has made an investment in Paper House Products, a maker of scrapbooking products and gift items. Paper House is based in Saugerties, N.Y. Brent Brown, Managing Partner of Madison Parker Capital, will join the Paper House Board of Directors.
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