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Business.com Acquired By Purch

socalTECH

Carlsbad-based Business.com , the online business directory and information site which was most recently in the hands of JMI Equity, has been sold to New York-based content publisher Purch , the two said Wednesday afternoon. domain name sold to startup incubator eCompanies, transformed into a $345M sale to R.H. READ MORE>>.

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Be Green Packaging Acquired By The Riverside Company

socalTECH

Santa Barbara-based Be Green Packaging , a designer of sustainable, compostable, and recyclable packaging for the consumer packaged goods market, has been acquired by private equity investor Riverside Company. Be Green Packaging was founded in 2007, and was co-founded by Ron Blitzer and Robert Richman. READ MORE>>.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

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Gores Group Sells Portfolio Firm

socalTECH

Los Angeles-based private equity firm The Gores Group said today that it has agreed to sell one of its portfolio firms, Vincotech Holdings Sarl , to Mitsubishi Electric Corporation. Gores had acquired Vincotech in December 2007, from Tyco Electronics. Financial details of the deal were not disclosed.

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CalPERS Sells Palomar Ventures Stake

socalTECH

A spokesperson at CalPERS said it is not identifying funds sold in its sale on the secondary market, because of proprietary, contractual provisions against public disclosure; however, CalPERS did say that it committed $25 million in 2004 to Palomar Ventures III, L.P.,

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This Week in VC with Mo Koyfman of Spark Capital

Both Sides of the Table

Competition: Chegg (has raised $144 in debt and equity)—estimated by Steven Carpenter ( TechCrunch ) to be 10x more unique visitors than BookRenter (during peak book renting seasons) with nearly $140mm in revenues for 2010. Private, flash sales site focused on apparel goods (women, men and children). InviteMedia (acquired by Google).

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How TVC Aims At Acquisitions, Not IPOs, with Jeb Spencer

socalTECH

One of the few local funds to recently raise a fund is TVC Capital (www.tvccapital.com), which just closed TVC Capital II, a $75 million growth equity and buyout fund. Jeb Spencer: We consider ourselves a private equity firm. One issue has been a difficulty by indigenous funds to raise their own capital from their limited partners.