Exit watch, June 4, 2007

Google runs to GreenBorder

Google Inc.

(Nasdaq: GOOG) has acquired GreenBorder Technology Inc., a Mountain View, Calif.-based provider of enterprise security software. GreenBorder focuses on protecting e-mail and Web users from malicious or unwanted computer code. No financial terms were disclosed. GreenBorder has raised nearly $25 million in VC funding since its 2001 inception from such firms as Labrador Ventures, Sevin Rosen Funds and TPG Ventures.

CBS buys social networking site

CBS Corp.

last week announced it acquired Last.fm Ltd., a London-based operator of an online social music network, for $280 million in cash. Last.fm was founded in 2002 and has raised more than $5 million in VC funding from Index Ventures and individual investors Joi Ito, Reid Hoffman and Stegan Glaenzer. The acquisition comes shortly after the broadcaster bought financial video news site Wallstrip.com, for $5 million, and invested in Joost and Spot Runner.

Cambia sold to nCircle


, a San Francisco-based provider of security risk and compliance management solutions, has acquired Cambia Security Inc., an Alpharetta, Ga.-based provider of configuration auditing for an undisclosed amount. Cambia has raised more than $7.5 million in VC funding from JK&B Capital. nCircle has raised more than $52 million from Menlo Ventures, BV Capital, Alta Partners, Visa International, Scotiabank, Court Square Ventures, Guide Ventures, Industry Ventures, Millennium Hanson, Tall Oaks Capital and Sands Brothers.

MedAssets buys XactiMed

MedAssets Inc. of Alpharetta, Ga., has completed its acquisition of XactiMed, a Richardson, Texas-based provider of Web-based revenue cycle technologies and services to the health care industry. No financial terms were disclosed. XactiMed was controlled by Buena Venture Associates, a fund founded by Sid R. Bass and Lee M. Bass. MedAssets is backed by Galen Partners, Grotech Capital Group and Parthenon Capital.

Vote on Bioment takeover this week

Institutional Shareholder Services has recommended that Biomet Inc. (Nasdaq: BMET) shareholders vote against a $44 per share takeover bid from private equity firms The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. and TPG. The shareholder vote is scheduled for June 8. If approved, the total deal would be worth about $10.9 bilion.

Stirling Square sells Global Design


has acquired aerospace components supplier Global Design Technologies from Stirling Square Capital Partners for $343 million. Global Design was formed in January 2005, when Sterling Square sponsored simultaneous management buyouts of Deutsch Metal Component (in the United States) and Permaswage (in France).

DoubleClick deal no done deal

The Federal Trade Commission has opened an antitrust investigation into Google’s proposed $3.1 billion purchase of ad-management technology company DoubleClick Inc., from buyout firms Hellman & Friedman and JMI Equity. Google turned over basic information about the planned purchase to regulators after announcing the deal in April. Google spokesman Adam Kovacevich said the company would soon turn over additional information sought by the FTC as part of its review. News of the FTC investigation was reported last week by The New York Times.

Wind power company testing sale waters

Noble Environmental Power

, an Essex, Conn.-based wind power developer majority owned by JPMorgan Partners, has retained Goldman Sachs to review strategic alternatives, which includes a possible sale. Noble was founded in 2004 in response to public policy initiatives designed to foster the increased use of renewable energy sources.