Dave Keating

In a partial exit from its first platform investment, the Atlanta-based firm with deep military contacts has scored a 485 percent IRR from military technology provider DataPath.

The venture capital arm of the semiconductor manufacturer has committed the largest sum in its history to Clearwire Corporation, and Intel will integrate the company’s technology into its own products.

The New York-based investment bank has invited Kevin Bousquette to join its merchant banking business.

After being recapped by JPMorgan Partners and Ares Management in 2004, House of Blues Entertainment has been sold for $350 million.

The two New York-based firms have made a majority investment in Bravo Development, which operates 50 Italian restaurants across the country.

The transaction marks the third time in ten years the company has been bought by private equity firms.

Haddington Ventures, a Houston, Texas-based private equity firm, plans to continue its commitment to the burgeoning midstream energy industry, announcing the closing of its new $182m private equity fund.

Clayton, Dubilier & Rice, The Carlyle Group and Merrill Lynch Private Equity reclaim almost half of their original equity investment in the rental car company via a debt-financing commitment.

The clothing retailer’s IPO jumped by as much as 27 percent in its market debut Wednesday, making $376 million on the IPO.

Venture capitalists have made a number of recent investments in news-related blogs, hoping that the promise of big revenue and low cost pans out. Dave Keating reports.