September 25, 1998 |
Nextera Enterprises Inc., a consulting firm controlled by former junk-bond king Michael Milken's and Lawrence Ellison's Knowledge Universe, has filed for an initial public offering that could raise as much as $87 million. Founded in February 1997, Nextera has grown rapidly through acquisitions. The firm had pro forma combined 1997 revenue of $76.5 million, though it lost $7.4 million, according to its IPO filing with the Securities and Exchange Commission.
July 25, 2002 |
LeapFrog Enterprises Inc., a maker of educational toys backed by Michael Milken and Larry Ellison, raised $117 million Wednesday in an initial public offering. LeapFrog sold 9 million shares at $13 each, at the bottom of the $13-to-$16 range the company had indicated. Merrill Lynch & Co. and Citigroup Inc.'s Salomon Smith Barney managed the sale. The IPO comes amid a stock market slump that has limited sales of new equity.
CALIFORNIA | LOCAL
July 23, 2001 |
Arthur F. Davidsen, astrophysicist whose experiments aboard rockets and the space shuttle were fundamental in fathoming the structure of the universe, has died. He was 57. Davidsen, who made his Johns Hopkins University a world leader in the field of astronomy, died Thursday in Baltimore of complications from a lung disorder.
October 21, 1997 |
Cadence Design Systems Inc. said Joe Costello resigned as chief executive of the computer chip engineering firm to join Knowledge Universe, an educational technology company partly owned by former junk-bond financier Michael Milken. Costello, 43, who has received much of the credit for building Cadence into a chip-design software powerhouse, will be replaced, effective immediately, by Jack Harding, 42, the former CEO of a company Cadence acquired earlier this year.
January 27, 1998 |
An education company backed by Michael Milken and Oracle Corp. Chairman Lawrence Ellison delved into the elementary school arena by taking a 21.2% stake in a Pennsylvania school operator. Knowledge Universe and several affiliates reported the purchase of 1.28 million common shares of Nobel Education Dynamics Inc. of Media, Pa., in a regulatory filing, saying they may eventually seek a majority stake.
March 5, 2003 |
Aramark Corp., operator of Children's World Learning Centers, agreed to sell its Educational Resources unit to former junk bond king Michael Milken's Knowledge Learning Corp. to exit the child-care business. Aramark is selling the division for $225 million in cash and $40 million in a subordinated note, the Philadelphia-based company said. The education unit had $455.8 million in annual sales, accounting for 5.2% of Aramark's revenue. Thomas Heymann, the former president of Disney Store Inc.