December 2009 – Fourth Quarter 2009 Statistical Review Mid-Atlantic Deal Review Editor’s Note: The December edition consists only of a statistical review of 4th Quarter Mid-Atlantic capital markets activity with associated commentary. Quick Stats from Chessiecap is the most comprehensive and thoroughly researched presentation of Mid-Atlantic transaction data available—Private Placements, M&A and Public Offerings. Mid-Atlantic […]
November 2009 Mid-Atlantic Deal Review from Chessiecap, Inc. Editor’s Note: Running late for Nov reporting, but I think you will find the Deal and News Notes sections informative. This is the 3rd Edition of the Mid-Atlantic Deal Review, a monthly review of transaction activity in the D.C.-Maryland-Virginia-West Virginia region. This edition is a Free Trial, […]
No signs of a reviving deal economy in the November data. November was an unusual month where Maryland (paced by a large M&A deal) captured 87% of M&A volume and 71% of private placement volume (half of which was Biotech). In general, in recent months, Maryland companies have been more in need of capital and […]
BroadSoft, Inc. Takes a Pinch to Facilitate an Acquisition. 11/2/09 Private Placement. This was the tiniest of rounds at $1.5M. The SEC filing says that the money is used for acquisition purposes. This news comes just weeks after the company announced plans to acquire Silicon Valley-based Packet Island, a maker of web-based software used to […]
The Motley Fool, Once Every Ten Years Whether You Need It or Not. 11/2/2009 Private Placement. Motley Fool, the multi-faceted financial services company from Alexandria, took a whopping $25M round from BIA Digital Partners and Patriot Capital. This is the first capital taken since a $30M round in 2001
Zyngenia Attracts NEA. 11/4/2009 Private Placement. Thomson recorded this investment at only $3M. The press release clearly stated that it was the full $10M. Either amount falls below the normal threshold for the mighty NEA. More than likely, if this early stage investment
Millennial Media adds NEA as a New Lead Investor. 11/16/2009 Private Placement. In its 4th round of capital since 2006, Millennial Media of Baltimore brings in NEA as a new investor and lead alongside a stellar cast of Columbia, Bessemer and Charles River. This $16M brings the mobile media provider up to
Lighting Retrofit International Becomes 1st Investment for Arborview. 11/17/2009 Private Placement. In an era when venture capital funds are disappearing both locally and nationally, it is worth noting that Arborview Capital of Chevy Chase made its first investment in November.
WellAWARE Systems Gets First Time Capital from Valhalla. 11/17/2009 Private Placement. You have to like the way this one looks—traditional, retro venture investing from Gene Riechers at Valhalla. WellAWARE of Charlottesville “provides a monitoring solution that gathers and reports behavioral and wellness information
TeleCommunication Systems, Inc. (NasdaqGM: TSYS) Swinging for the Fences. Once upon a time there was a struggling little government contractor in Annapolis, headed by a larger-than-life Naval Academy officer who had to be out of his depth thinking that he could convert his modest foothold in the government market into a major public company. I […]
The AES Corporation—Did Anybody Notice This Little Investment? Because AES is a power generation company with worldwide projects and operations, it does not really play in the local sandbox. Nevertheless, with revenues of over $14 billion and a market cap over $9 billion, it is easily one the largest companies headquartered in the region. And […]
Coastal Sunbelt and MCG Capital—A Sign of Tough Times? Here is a follow-the-trail story. At the end of November, I noticed an SEC filing of a private placement of $20 million for something called “Coastal Acquisition Corp.” That is a sizeable capital raise. No press release. No indication of who this company was. So, we […]
October 2009 Mid-Atlantic Deal Review Trial Edition from Chessiecap, Inc. Editor’s Note: Welcome to the 2nd Edition of the Mid-Atlantic Deal Review, a monthly review of transaction activity in the D.C.-Maryland-Virginia-West Virginia region. This edition is a Free Trial, which we hope will begin to add great value to your work and knowledge of the […]
October Private Placements knocked the ball out of the park ($289M) with several major investments in Telecom and Biotech. Meanwhile, both M&A and the struggling local market for Public Offerings fell off the table. Private Placements: October was dominated by several gigantic placements that blur the line between buyout and venture investment
TEOCO Brings Home Huge Investment from TA Associates. 10/6/09 Private Placement. At $60M, it is hard to find a larger first-time minority tech investment than the one made by TA Associates of Boston– at least locally. Awkwardly named TEOCO of Fairfax really means The Employee Owned Company—not too catchy but clearly successful. The company provides […]