PE Week Wire - Friday 11/5
Summary
Compagnie Generale de Geophysique (NYSE: GGY), a France-based provider of land and marine seismic services, has received an $85 million investment from Onex Partners, in the form of convertible subordinated notes. www.kelsan.com Ninetowns Digital World Trade Holdings Ltd., a Beijing-based provider of software that enables the streamlining of the import/export process in China, has filed to raise approximately $168.62 million via an IPO of American depository shares (ADS) on the Nasdaq under proposed ticker symbol NINE. While we wait for the definitive word, however, a few electoral observations of relevance to this space: Winner: The National Venture Capital Association, which made over $842,000 campaign contributions via its political action committee (VenturePAC). Bain Capital and Thomas H. Lee Partners have joined the investor consortium that has agreed to acquire UK drug company Warner Chilcott PLC (Nasdaq: WCRX) for $2.9 billion. Either way (more likely the former, but my ego will assume the latter), Mark said the following in regards to yesterday’s VC fund-raising data, which showed a 78% increase: “We are now seeing an extremely strong level of interest in the venture capital asset class from institutional investors, and rightly so.
