/ E-Retailers

Borders raises $25 million and names a new chairman

Borders Group Inc. has raised $25 million in a private sale of 11.1 million shares to private equity firm Vector Group Ltd., which is controlled by Bennett S. Lebow. Lebow is now both the company’s biggest shareholder and its chairman.

Posted 05/24/2010Internet RetailerPost a comment

/ Technology

Web and mobile advertising attract investors in the first quarter

Investment by venture capitalists is picking up, and interactive and mobile advertising start-ups are among their favorites, says Petsky Prunier. A separate report shows wealthy “angel” investors lowered the amount they put into new companies last year.

Posted 04/05/2010Zak StamborPost a comment

/ Technology

E-commerce deal-making picked up in the fourth quarter

Merger and acquisition activity rose significantly in the fourth quarter among digital media companies, led by increased action in e-commerce companies, says the latest Deal Notes report from investment banker Petsky Prunier.

Posted 01/05/2010Zak StamborPost a comment

/ E-Retailers

Members-only retail site ideeli raises $20 million

Members-only online retailer ideeli Inc., which does all its business through special sale events, has raised $20 million in capital. Three venture capital firms supplied the new funding.

Posted 12/14/2009Zak StamborPost a comment

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/ E-Retailers

Investors put another $5 million into an e-retailer of promotional items

Branders.com raised the funds from four venture capital firms, all previous investors in the 10-year-old e-retailer. The company has now raised $46 million in venture capital.

Posted 12/07/2009Zak StamborPost a comment

/ E-Retailers

Sales and profits increase for U.S. Auto Parts Network in Q3

U.S. Auto Parts Network Inc. showed across-the-board financial improvement in the third quarter. Sales increased 28.4% and the company swung year over year from a net loss to net income of $781,000.

Posted 10/30/2009Zak StamborPost a comment

/ Technology

Debt-ridden regional delivery service Velocity Express gets a new owner

A subsidiary of private equity firm ComVest Investment Partners will take a majority ownership position in Velocity Express as it forgives the debt the carrier owes ComVest. Eliminating the debt burden will create a stronger company, Velocity says.

Posted 10/22/2009Paul DemeryPost a comment