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Posts Tagged ‘Gerbsman Partners’

VCs Opened Their Wallets Wider In 2Q, But It’s All Relative

Posted in Board Of Intellectual Capital, tagged , , , , on July 20, 2010| Leave a Comment »

Here is an atricle from WSJ´s VC blog.

“Riding solid gains in life sciences, venture investors opened their wallets a bit wider in the second quarter, increasing their investment pace after a dismal first quarter.

Overall, venture capitalists invested in 744 companies in the second quarter, up from 656 in the year-ago period and 602 deals in the first quarter of 2010. That amounted to $7.75 billion in the second quarter, up from $6.11 billion in the year-ago period and $4.66 billion in the first quarter of 2010. The new data come from VentureSource, which like VentureWire and The Wall Street Journal is owned by Dow Jones & Co., a division of News Corp.

But the improvement was mostly relative – the $12.41 billion raised altogether in the first half was an improvement on the $10.43 billion raised in the first half a year ago but still less than the first-half figures posted in the years 2006-2008.

At the same time, the macro-economic climate has improved, providing more confidence for investors who last year were more concerned about their existing companies than finding new ones. The economic improvement also gives confidence that exits will eventually materialize.

“Things have loosened up substantially,” said Dave Hills, general partner at KPG Ventures. “When nobody was sure what would happen, people were very concerned about follow-on investments they had to make with companies in their portfolios. Those have stabilized and now it makes sense to look for newer deals to put more money to work.”

Continuing a trend begun in 2009, when health care outpaced information technology for the first time in a decade, medical investment topped IT for the second quarter and for the half.

VCs pumped $2.72 billion into 201 health-care financings last quarter, a 14.7% leap from the $2.37 billion deployed in 189 rounds in the same time last year. The second-quarter total more than doubled the $1.23 billion invested in 151 rounds in this year’s first quarter, which had been the worst period for investment since the first quarter of 2003, when firms committed $1.14 billion to 118 financings.

Meanwhile, information technology was up to 231 deals in the second quarter, from 208 in the year-ago period and 186 in the first quarter of 2010. That represented $1.92 billion invested in the second quarter, up from $1.55 billion in the year-ago period and $1.48 billion in the first quarter of 2010.

While almost one-third of second quarter financings were seed or first rounds, there has still been caution in later stage deals, because of volatility in the public markets that has made both large IPOs and M&A deals hard to come by.”

Read the full article here.

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Three Tech IPOs A Charm

Posted in Board Of Intellectual Capital, tagged , , , , on July 18, 2010| Leave a Comment »

Here is an article from WSJ´s VC blog.

“Let’s give it up for the IPO market. Just when we thought the market was signing the blues, it awakens with three tech IPOs that all priced well – and they’re backed by venture capital or private equity firms. Underwriters for Qlik Technologies, a business-intelligence software maker, priced the shares last night at $10 each, above the expected range of $8.50 to $9.50. Likewise, RealD Inc., which licenses 3-D systems to major cinema chains, priced above its expected range of $13 to $15, at $16. And Smart Technologies Inc., which makes interactive whiteboards for classrooms, sold more shares yesterday than it originally planned while pricing within range in a jumbo $660 million offering. As Dow Jones Newswires recently noted, companies owned by private-equity firms have outperformed the Standard & Poor’s 500 stock index by an average of 7%.”

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Successful “Date Certain M&A” of Medical Device company, its Assets and Intellectual Property

Posted in Board Of Intellectual Capital, tagged , , , , on July 14, 2010| Leave a Comment »

Steven R. Gerbsman, Principal of Gerbsman Partners, Kenneth Hardesty and Dennis Sholl, members of Gerbsman Partners Board of Intellectual Capital, announced today their success in maximizing stakeholder value for a venture capital backed, medical device company company focused on a unique stent delivery platform that has applications in treating coronary, neuro and peripheral artery disease.

Gerbsman Partners provided Crisis Management and Investment Banking leadership, facilitated the sale of the business unit’s assets and its associated Intellectual Property. Due to market conditions, the board of directors made the strategic decision to maximize the value of the business unit and Intellectual Property.

Gerbsman Partners provided leadership to the company with:

  • Crisis Management and medical device domain expertise in developing the strategic action plans for maximizing value of the business unit, Intellectual Property and assets;
  • Proven domain expertise in maximizing the value of the business unit and Intellectual Property through a Gerbsman Partners targeted and proprietary “Date Certain M&A Process”;
  • The ability to “Manage the Process” among potential Acquirers, Lawyers, Creditors Management and Advisors;
  • The proven ability to “Drive” toward successful closure for all parties at interest.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. Since 2001, Gerbsman Partners has been involved in maximizing value for 61 Technology, Life Science and Medical Device companies and their Intellectual Property and has restructured/terminated over $790 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception in 1980, Gerbsman Partners has been involved in over $2.3 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in Boston, New York, Washington, DC, Alexandria, VA, San Francisco, Europe and Israel.

For additional information please visit www.gerbsmanpartners.com or
Gerbsman Partners blog.

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Green-tech projects in CA get stimulus funds

Posted in Board Of Intellectual Capital, tagged , , , , on July 14, 2010| Leave a Comment »

Here is an article from SF Gate.

“The U.S. Department of Energy on Monday awarded $92 million in stimulus funds for research projects that could change the way the country uses and stores energy, with $22 million going to California companies and universities.

The money represents the Obama administration’s latest round of investments in green technology. The 2009 American Recovery and Reinvestment Act has already funded loans for several green Bay Area companies, such as Solyndra of Fremont and Tesla Motors of Palo Alto.

“By driving energy innovation, we can take the lead in high-tech energy manufacturing and export these products to the world,” said Energy Secretary Steven Chu.

Eleven projects in California received funding on Monday. Many focus on more energy-efficient cooling systems or better ways to store energy on a large scale – one of the clean tech industry’s holy grails.

Although most of the awards went to Southern California companies and labs, two Bay Area projects received funding. Lawrence Berkeley National Laboratory in Berkeley – which Chu used to run – won $1.6 million to develop flow batteries, a type of rechargeable battery in which reactive chemicals are pumped through the battery’s cells whenever energy is needed. And Primus Power of Alameda won $2 million to develop electrodes for flow batteries.”

Read more here.

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Google Secretly Invested $100+ Million In Zynga, Preparing To Launch Google Games

Posted in Board Of Intellectual Capital, Economy, FaceBook, google, internet, Investments, Market research, Social Networks, Strategy, Technology, Venture Capital, Web 2.0, tagged , , , , , , , , , , , , , , , , on July 13, 2010| Leave a Comment »

Here is some news from Techcrunch.

“Google has quietly (secretly, one might say) invested somewhere between $100 million and $200 million in social gaming behemoth Zynga, we’ve confirmed from multiple sources. The company has raised somewhere around half a billion dollars in venture capital in the last year alone, including $150 million from Softbank Capital last month and $180 million late last year from Digital Sky Technologies, Tiger Global, Institutional Venture Partners and Andreessen Horowitz. The Softbank announcement was never officially confirmed by the company, however, and the Google investment was likely part of that deal as well.

The investment part of the deal closed a month ago or so. A larger strategic partnership is still in process.

The investment was made by Google itself, not Google Ventures, say our sources, and it’s a highly strategic deal. Zynga will be the cornerstone of a new Google Games to launch later this year, say multiple sources. Not only will Zynga’s games give Google Games a solid base of social games to build on, but it will also give Google the beginning of a true social graph as users log into Google to play the games. And I wouldn’t be surprised to see PayPal being replaced with Google Checkout as the primary payment option. Zynga is supposedly PayPal’s biggest single customer, and Google is always looking for ways to make Google Checkout relevant.

And there’s more. These same sources are saying that Zynga’s revenues for the first half of 2010 will be a stunning $350 million, half of which is operating profit. Zynga is projecting at least $1.0 billion in revenue in 2011, say our sources. This blows previous estimates out of the water.

Zynga continues to work on high level strategic business development deals. The reason these deals are so attractive to companies like Yahoo and now Google is this – Zynga allows them to rebuild the massive social graph, currently controlled by Facebook. For whatever reason people love to play these games and get passionately addicted to them, coming back day after day. That’s helped Facebook become what it is today. Google, Yahoo and others want some of that magic to rub off on them, too.”

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