Exit watch, week of May 26, 2008

Xanthus sells for $52M

Antisoma PLC (LSE: ASM) has agreed to acquire Xanthus Pharmaceuticals Inc., a Cambridge, Mass.-based oncology drug development company. The deal is valued at $52.2 million in stock. Xanthus has raised about $88 million in total VC funding from such firms as HealthCare Ventures, GeneChem, GIMV, Hambrecht & Quist Capital Management, Still River Fund, Neomed, Kestrel Ventures, CDP Capital, CDIB BioScience Ventures and Yasuda.

Versata acquires EVI

, an Austin, Texas-based enterprise software company, has acquired Evolutionary Technologies International Inc., an Austin–based provider of data integration products. No financial terms were disclosed. EVI has raised more than $28 million in VC funding since 2001, including a $6.5 million recap in 2006 from Access Venture Partners, Appian Ventures and Osprey Ventures.

Intrinsyc buys Destinator

(TSX: ICS) has agreed to acquire substantially all the assets of Destinator Technologies Inc., a Toronto-based maker of navigation software that had recently filed for bankruptcy protection. The deal is valued at about $16 million, including about $8.5 million in cash and 11 million common shares of Intrinsyc stock. Destinator had raised more than $16 million in VC funding from such firms as AIG, VentureLink and Pac-Link Ventures.

Sankyo scoops up U3 Pharma for $235M

Daiichi Sankyo Co. has agreed to acquire U3 Pharma AG, a Munich-based oncology drug development company, for $235 million in cash. U3 Pharma has raised more than $61 million in VC funding from such firms as Alta Partners, Atlas Venture, E. de Rothschild Investment Partners, Life Science Partners and Bio*One Capital.

IAC/Interactive unit lands StarNet

IAC Consumer Applications & Portals, a unit of IAC/InterActive Corp., has acquired StarNet Interactive, an Israel-based maker of a fashion-centric social network for teen girls (such as GirlSense.com). No financial terms were disclosed. StarNet was spun out of Gteko as an independent company in late 2006, with $2.7 million in funding from firms like Leo Capital Holdings and Pitango Venture Capital.

Visage sells subscriber management biz

Visage Mobile, a San Francisco-based provider of wireless software for carriers and private label wireless operators, has sold its subscriber management business to Convergys Corp. (NYSE: CVG). No financial terms were disclosed. Visage has raised about $93 million in total VC funding since its 2001 formation from such firms as Nomura, Worldview Technology Partners, Mobius Venture Capital, Advanced Technology Partners, Vesbridge Partners, Emergence Capital Partners, UMC Capital, Palisades Ventures and Selby Ventures Partners.