Twice per year, peHUB teams up with ACG for a survey of dealmaker attitudes and predictions. That second time is now.
If you’re at all involved in the deal world – GPs, LPs, bankers, service providers, entrepreneurs, etc. – I ask that you take a few minutes to fill out the survey here: http://www.zoomerang.com/Survey/?p=WEB229R4A6L5SS
Results will be published first here and over at peHUB…
Reminder: Tomorrow night is our Boston cleantech event, with more than 160 of you signed up so far. We have space for about 20 more, so can your ticket here.
Top Three
Capmark Financial filed for Chapter 11 bankruptcy protection yesterday. The company was created out of the commercial real estate assets of GMAC in March 2006, by KKR, GS Capital Partners and Five Mile Capital. The $8.5 billion carveout included $1.5 billion in equity.
e-Rewards Inc., a Dallas-based provider of online market research panels, has agreed to acquire Research Now PLC, a UK-based online fieldwork and panel firm that is publicly traded on London’s AIM. The deal is valued at over £85 million. TA Associates last year acquired a minority stake in e-Rewards, in exchange for a $60 million investment.
NewWorld Capital Group has launched as a private equity firm fo! cused onmid-market companies and related infrastructure projects in the clean energy and environmental services space. It will focus on opportunities in the U.S., but also will invest selectively in Europe. Founding partners include: Bradley Abelow (former chief of staff to NJ Governor Jon Corzine, former NJ treasurer and ex-Goldman pro), Bill Hallisey (managing director with GSC Group), Ali Iz (venture partner with CMEA Capital) and Everett Smith (managing director with New Energy Capital). The firm’s chairman is Carter Bales, former managing partner of The Wicks Group of Companies.
VC Deals
Box.net, a Palo Alto-based provider of an online collaboration and storage platform, has raised $7.1 million in a Series B round extension. Return backers include Draper Fisher Jurvetson and U.S. Venture Partners.
Aviary Inc., a Long Island-based provider a software application suite in the cloud, has raised $7 million in Series B funding. Spark Capital led the round, and was joined by return backers like Bezos Expedition.
Superior Global Solutions, a Dallas-based provider of medical documentation, has raised $6 million of preferred stock and subordinated debt from Petra Capital Partners.
Watercooler, a Mountain View, Calif.-based social gaming startup, has raised $5.5 million in Series B funding. Betfair was joined by return backer Canaan Partners.
PacketMotion Inc., a San Jose, Calif.-based provider of user activity management solutions for IT audit and compliance efficiency, has raised $5 million in Series C funding. Reservoir Venture Partners led the round, and was joined by return backers Intel Capital, Onset Ventures and Mohr Davidow Ventures. The company has now raised $39.5 million in total VC funding since 2004.
Keraderm Corp., a Blacksburg, Va.-based developer of phototherapy technology to treat nail and skin infections, has raised $2.5 million in Series A funding from NewVa Capit! al Partners.
Coolibar Inc., a Minneapolis-based maker of sun protection products for the consumer market, has raised $2.3 million in Series E funding, according to a regulatory filing. Aethlon Capital placed the round, which could be expanded by another $500,000. The company previously raised just over $3 million, from firms like LFE Capital, Aavin Equity Advisors and Rain Source Capital. www.coolibar.com
Inhibitex Inc. (Nasdaq: INHX), an Alpharetta, Ga.-based, has agreed to sell approximately $23 million in common stock and warrants. QVT is leading the PIPE, and is being joined by existing shareholders! like OrbiMed Advisors, New Enterprise Associates and Great Point Part ners.
Buyouts Deals
Apollo Global Management has completed its tender offer for all of the outstanding shares of common stock Midland, Texas-based Parallel Petroleum Corp. (Nasdaq: PLLL). The total deal is valued at approximately $438 million, or $3.15 per share, including the assumption or repayment of around $351 million in debt. Apollo’s equity commitment is $283.2 million.
Builders FirstSource Inc. (Nasdaq: BLDR), a residential construction company,has agreed to a recapitalization that would include a $205 million common stock rights offering and debt exchange. The offering would be backstopped by existing shareholdersJLL Partners and Warburg Pincus, which hold a combined 49.9% stake.
Energy Future Holdings ! has extended the deadline on its massive debt exchange from Nov. 3 to Nov. 10, after getting just a fraction of its desired subscriptions. Bondholders offered to swap just $351 million of debt as of Thursday, out of $12.15 billion that was eligible for exchange. Energy Future Holdings (fka TXU) was acquired by KKR and TPG Capital in 2007, via a $32 billion leveraged buyout.
Krokus Private Equity has acquired a 44% stake in Polmed, a Polish operator of outpatient clinics. No financial terms were disclosed.www.polmed.pl
MidOcean Partners has acquired The Allant Group, a New York-based provider of marketing optimization solutions for the Fortune 100. The deal is being done in partnership with Allant management.
Southern Cro ss Group and Evercore Mexico Capital Partners have agreed to acquire Mexican homebuilder Servicios Corporativos Javer, for an undisclosed amount. The deal is expected to close next month, pending regulatory approvals.
PE-Backed IPOs
The Blackstone Group is planning to float Merlin Entertainments early next year, in an IPO that could value the theme park operator at around £2 billion.
Gartmore, a UK fund management firm that is 50% owned by Hellman & Friedman, is planning a London floatation.
Movetis, a Belgian drugmaker, is considering an IPO, according to comments made Friday by the company’s chairman. Movetis was spun off in late 2006 from Janssen Pharmaceutica, with the help of VC firms like Sofinnova Partners and Life Sciences Partners.
PE Exits
Becton, Dickinson and Co. (NYSE: BDX) has agreed to acquire HandyLab Inc., an Ann Arbor, Mich.-based maker of molecular diagnostic assays and automation platforms. No financial terms were disclosed. HandyLab had raised nearly $44 million in VC funding, from firms like EDF Ventures, Ardesta, Arboretum Ventures, Pfizer Strategic Investments, Wolverine Venture Fund, Dow Ventures and Lurie Investments.
Human Resources
Andrew Bonnano has joined Kohlberg & Co. as managing director of business development. He previously was VP of business development for American Capital’s New York-based buyouts team.
Jonathan Bloom has joined Ropes & Gray LLP as a London-based partner in the law firm’s debt financing practice. He previously was a partner in the high yield practice of White & Case.
Granite Ventures has promoted Chris McKay to managing director. He serves as a director with Arcot Systems, Lucid Imagination, Sendmail and Symplified.
Peter Shannon has agreed to join Firelake Capital as a partner. He previously was a cleantech-focused principal with Atlas Venture.
Frank Tannura has joined LaSalle Capital Group as a senior operating advisor. He previously was CEO of Packaging Dynamics Corporation.
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