peHUB Wire: Friday, July 24, 2009

Top Three

VS Holdings Inc., the North Bergen, N.J.-based parent company of retailer The Vitamin Shoppe, has filed for a $143.75 million IPO. It plans to trade on the NYSE under ticker symbol VSI, with JPMorgan, BoA and Barclays serving as co-lead underwriters. Vitamin Shoppe has been owned since 2002 by Irving Place Capital Management (f.k.a. Bear Stearns Merchant Banking). It had filed for an IPO in 2007, but withdrew the offer due to market conditions.

LSI Corp. (NYSE: LSI) has agreed to acquire ONStor Inc., a Campbell, Calif.-based provider of clustered NAS storage solutions for the enterprise. The deal is valued at $25 million in cash, and is expected to close within the next 30 d! ays. ONStor had raised over $130 million in VC funding since 2001, from firms like Foundation Capital, Velocity Interactive Group (f.k.a. ComVentures), Mayfield and Worldview Technology Partners. ONStor had previously raised around $115 million since 2001.

David Bonderman, a co-founder of TPG Capital, has been named to the board of directors at General Motors, which recently emerged from bankruptcy.

VC Deals

Kontera Technologies Inc., a San Francisco-based provider of in-text advertising solutions for online publishers and advertisers, has raised $15.5 million in Series C funding. Sequoia Capital led the round, and was joined by fellow return backers Tenaya Capital and Carmel Ventures. The company previously raised $17.3 million.

Buyouts Deals

CITIC Private Equity is part of a consortium that has agreed to buy a 10% stake in a flagship unit of China UnionPay, a card payments service provider that plans to go public next year.

CVC Capital Partners has offered to buy UK bus and rail company National Express (LSE: NEX), in an all-cash takeover. It is working with the Cosmen family of Spain, which is a major National Express shareholder! .

The Great Atlantic & Pacific Tea Company (NYSE: GAP) has raised $175 million in PIPE funding from existing shareholders The Yucaipa Cos. ($115m) and Tengelmann Warenhandelsgesellschaft KG ($60m). Tengelmann now holds a 38.6% stake, while Yucaipa holds 27.6 percent.

PE Exits

Oracle Corp. (Nasdaq: ORCL) has agreed to acquire GoldenGate Software, a San Francisco-based provider of enterprise database management software. GoldnGate had raised private equity funding from Summit Partners.

PE-Backed M&A

LaborMed Pharma, a Bucharest-based provider of generic and cardiovascular medicines, has agreed to acquire the brand and portfolio of OTC drugmaker Ozone Laboratorie. No financial terms were disclosed. Advent International bought LaborMed last year.

MG Rights Management, the music rights venture recently formed by Bertelsmann and KKR, has acquired the Crosstown Songs America catalog. No financial terms were disclosed for the deal, although Reuters puts the figure at around $70 million. The catalog includes such tracks as “Who Let the Dogs Out” and “Livin La Vida Loca.”

Firms & Funds

Matrix Partners today announced that it has closed two new funds, totaling $600 million. This includes a $450 million ninth VC fund, and a $150 million “special opportunities” fund. peHUB reported on both earlier this week.

UTI Asset Management Co. (India) has formed a $500 million infrastructure private equity fund, in partnership with HSH Nordbank (Germany) and Noor Financial Investment Co. (Kuwait).

Human Resources

Rolan Lescure has been named chief investment officer of the Caisse de Depot et Placement du Quebec, one of Canada’s biggest pension fund managers. He previously was CIO at France’s Groupama Asset Management.

Roger Tauchman has joined financial consultancy Lake Pointe Partners as a director. He previously was a senior vice president with GE Capital.