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Kirkland & Ellis LLP and DLA Piper LLP worked on the deal to take private Active Network Inc. (ACTV), a company that manages online registration for marathons, business conferences and other events. Vista Equity Partners is buying Active for about $1.05 billion in cash.
Chevy Chase-based New Enterprise Associates has joined in a $10 million financing for Cydan LLC, a Cambridge, Mass.-based orphan drug accelerator.
Consider this another win not only for the D.C. area, but also for everywhere else not-Silicon Valley.
Weather Analytics, a young company that recently moved from Virginia to Maryland, was the latest recipient of a grant from the Maryland Venture Fund's InvestMaryland program.
The Chevy Chase-based venture capital firm New Enterprise Associates got fantastic news yesterday when one of its portfolio companies out of Chicago, Braintree, was purchased by e-commerce giant eBay for $800 million.
Novak Biddle Venture Partners, the Bethesda-based venture capital firm, said on Tuesday it has increased its investment in UniversityNow, a San Francisco-based operator of two online universities, as part of the company's new $19 million third round.
2013 likely will be the strongest year for U.S. initial public offerings (IPOs) since 2007, with volumes reaching pre-crisis levels, according to a new report by accounting and advisory firm Ernst & Young.
Millennial Media (NYSE: MM), the independent leader in mobile advertising and data, today announced that it has received clearance from the U.S. Federal Trade Commission, or FTC, through the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to its proposed acquisition of Jumptap, Inc.
Millennial Media, one of the larger mobile ad companies, has joined with AppNexus to set up the Millennial Media Exchange, creating a mobile marketplace that, by one measure, would make it bigger than the one offered via Google, Business Insider reported.
When we wrote, one year ago, about the rise of outside "growth" cash on the D.C. venture scene, LLR Partners was one of the firms on our radar. The Philadelphia-based investment group, which had put an undisclosed amount of cash in Columbia-based Message Systems, was clearly scouting out the region for more deals.