Exit watch, July 30, 2007

R.H. Donnelley buys Business.com for $345M

R.H. Donnelley Corp.

(NYSE: RHD) has agreed to acquire Business.com for $345 million in cash and deferred purchase consideration. The deal is expected to close later this quarter, at which point Business.com CEO Jake Winebaum will be appointed president of R.H. Donnelley’s interactive unit. Business.com is a Santa Monica, Calif.-based business search engine, directory and pay-per-click advertising network. It has raised nearly $95 million in VC funding since 1999 from such firms as Benchmark Capital, Institutional Venture Partners, McGraw Hill, Cahners Business Information, Financial Times Group and Reed Business Information.

Bluesocket buys VoIP company Pingtel

BlueSocket Inc.

, a Burlington, Mass.-based provider of WLAN security and management systems, has acquired Pingtel Inc., a Woburn, Mass.-based provider of IP telephony platforms for businesses. No financial terms were disclosed. Pingtel has raised about $31 million in total VC funding since 1998 from such firms as St. Paul Venture Capital, Dain Rauscher Corp., Intel Capital, SAIC Venture Capital and Wind River Ventures. BlueSocket has raised bout $67 million in VC funding since 1999 from Vesbridge Partners, Menlo Ventures, Boulder Ventures, Ascent Venture Partners, Ridgewood Capital and Ironside Capital Group.

Hearst acquires UGO

Hearst Corp. has agreed to buy UGO Networks Inc., a New York-based provider of online entertainment, including games and movies, that target men. No financial terms were disclosed, although reports have put the price tag at about $100 million. UGO has raised about $90 million in VC funding since 1997, with current shareholders including GRP Partners.

Behrman sells research company

Behrman Capital

has sold WIL Research Holdings Co. to an undisclosed financial sponsor for $500 million. Behrman says that the deal generated a 3.6x cash-on-cash return, and a 63% IRR. WIL is an interdisciplinary non-clinical contract research organization, providing product safety and toxicological assessment research and services primarily to the pharmaceutical, biotechnology, chemical and agricultural industries. Behrman bought WIL Research for $105 million in 2004 from Great Lakes Chemical Corp. The firm subsequently added two companies to the platform: NOTOX, a Dutch research company, acquired for $60 million in 2005, and QS Pharma, a Pennsylvania company in a related field, in 2006.

BMC gets RealOps

BMC Software

(NYSE: BMC) announced last week it has agreed to acquire RealOps, a Herndon, Va.-based provider of run book automation solutions. The purchase price was $52.5 million, according to the Washington Business Journal, which cited undisclosed analysts. RealOps had raised $16.5 million in total VC funding since 2005 from Palomar Ventures and Valhalla Partners, including an $8 million infusion last year. RealOps was advised on the sale by Redwood Capital Group.

Meda buys MedPointe

Meda AB

, a Swedish drug company, has agreed to acquire Somerset, N.J.-based specialty drug company MedPointe Inc. The deal includes $520 million in cash and 17.5 million Meda shares. MedPointe shareholders include The Carlyle Group, Cypress Group, Frazier Healthcare Ventures, Ferrer Freeman & Co. and company management. —PE Week staff