peHUB Wire: Thursday, May 13, 2010

Top Three

Micron Technology Inc. (Nasdaq: MU) has acquired flash memory company Numonyx BV for $1.2 billion in stock. Numonyx was formed in 2008 as a joint venture between Intel Corp., STMicroelectronics and Francisco Partners. Intel contributed its NOR assets for a 45.1% stake, STM contributed its NOR and NAND assets for a 48.6% stake and Francisco invested $150 million for a 6.3% stake.

Jelli, a San Mateo, Calif.-based company that lets users “take over” a radio station using their web browsers, has raised $7 million in Series A funding. Battery Ventures led the round, and was joined by First Round Capital.

Express, a Columbus, Ohio-based retail apparel brand and retailer, raised around $272 million in its IPO. The company priced 16 million common shares at $17 per share ($18-$20 offering range), for an initial market cap of approximately $1.5 billion. It will trade on the NYSEunder ticker symbol EXPR, while Goldman Sachs and BoA Merrill Lynch served as co-lead underwriters. Golden Gate Capitalacquired a 67% interest in Express in July 2007, for $548 million. The seller was Limited Brands Inc. (NYSE: LTD), which remains an Express shareholder.

VC Deals

Delta-Q TechnologiesCorp., a Vancouver-based maker of power conversion and power management products for electric-drive vehicles, has raised C$17 million in funding from Tandem Expansion.

Sequent Medical Inc., an Aliso Viejo, Calif.-based maker of devices for endovascular treatment of neurovascular disease conditions, has raised $15.6 million in Series B funding. Domain Associates led the round, and was joined by return backers ersant Ventures and US Venture Partners.

BuzzFeed, a New York-based, has raised $8 million in Series B funding. RRE Ventures led the round, and was joined by SV Angel, Founder Collective and return backers Softbank Capital and Hearst Interactive.

Ticketfly, a San Francisco-based independent ticketing and social marketing company, has raised $3 million in Series A funding. Backers include High Peaks Venture Partners, Contour Venture Partners, The NYC Seed Fund, Howard Lindzon and Roger Ehrenberg.

Archive Sys! tems Inc., a Fairfield, N.J.-based provider of document proce ss automation solutions, has raised an undisclosed amount of new funding led by NewSpring Capital. It previously raised around $22 million from Carlyle Venture Partners, Edison Venture Fund and NJTC Venture Fund.

Buyouts Deals

Apollo Global Management and Centerbridge Capital Partners have made competing bids for CW Financial Services, manager of delinquent U.S. commercial real estate loans, according to Bloomberg. The deal could be worth more than $200 million.

Contrax Furnishings, a Gainesville, Fla.-based provider of furnishings and equipment to educational institutions, hass raised an undisclosed amount of private equity funding from Hudson Ferry Capital. McGladrey Capital Markets advised Contrax on the deal.

Crestview Partners has invested $125 million into oil services company SES Holdings LLC, which operates both Select Energy Services LLC and Bell Supply Company. The deal gives Crestview a 45% equity stake, plus the option to invest an additional $50 million at the same valuation and terms.

HgCapital has acquired the talent management software unit of StepStone ASA (LSE: STPS), for €110 million.

Imperial Capital Group has acquired Petra Pet Inc., owner of the Beefeaters brand of pet treats. No pricing terms were disclosed. BMO Bank of Montreal provided debt financial.

Insight Equity has acquired a control stake in American Civil Constructors Holdings Inc., a provider of civil and landscape construction services in the Denver and San Francisco areas. No financial terms were disclosed.

International Absorbents Inc. (NYSE IAX) shareholders have approved a $4.75 per share buyout by private equity firm Kinderhook Industries. International Absorbants makes consumer and commercial products derived from recycled, renewable materials.

Levine Leichtman Capital Partners has agreed to acquire the franchise business of NexCen Brands Inc. (OTC BB: NEXC) for $112.5 million. The deal includes all of NexCen’s interests in Great American Cookies, MaggieMoo’s, Marble Slab Creamery, Pretzelmaker, Pretzel Time, The Athlete’s Foot and Shoebox New York.

Silver Lake Partners reportedly may join the consortium bidding for Fidelity National Information Services, which already includes Blackstone Group, THL Partners and TPG Capital. The deal could value Fidelity National at around ! $15 billion.

Silver Lake Sumeru has invested an undisclosed amount in flash memory company Spansion Inc., which earlier this week emerged from Chapter 11 bankruptcy.

PE-Backed IPOs

Roadrunner Transportation Services Inc., a Cudahy, Wis.-based provider of non-asset based transportation and logistics services, raised around $148.4 million via its IPO. The company sold 10.6 million common shares at $14 per share ($14-$16 offering range), which gives it an initial market cap of approximately $414 million. Roadrunner willtrade on the NYSE under ticker symbol RRTS, while Baird, BB&T Capital Markets and Stifel Nicholas serving as co-lead underwriters. It reports $450 million in 2009 revenue, compared to $537 million in 2008. Shareholders includeThayer | Hidden Creek Entities (72.5% pre-IPO stake), Eos Partners (18.5%) and American Capital Strategies (7.3%)

PE Exits

ABRY Partners has agreed to sell data center operator CyrusOne to Cincinnati Bell Inc. (NYSE: CBB) for $525 million in cash.

PE-Backed M&A

NEP Broadcasting, a portfolio company of American Securities, has acquired Premiere Entertainment, a producer of live and taped broadcasts for the web. No financial terms were disclosed.

Ngmoco, a developer of “socially empowerin! g games” for the iPhone, has acquired Stumptown, a Portland, Ore.-based maker of games like pet simulation Touch Pets Dogs. No financial terms were disclosed. Ngmoco has raised over $40 million from Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Norwest Venture Partners and Maples Investments.

RedPrairie Holding Inc., a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems has acquired SmartTurn Inc., an Oakland, Calif.-based provider of on-demand inventory and WMS. No financial terms were disclosed. RedPrairie recently was acquired by New Mountain Capital, while SmartTurn has raised around $5 million from Emergence Capital Partners and New Enterprise Associates.

SolarCity Corp., a Foster City, Calif.-based provider of solar energy system installation and design, has acquired the assets of Building Solutions, a provider of energy efficiency services and technology. No financial terms were disclosed. SolarCity has raised around $134 million from firms that include PG&E, First Solar Inc. and D! raper Fisher Jurvetson.

Firms & Funds

Ashmore PLC (LSE: ASHM) and PTC India (BO: PTCI) have partnered to raise $750 million for an Indian energy infrastructure fund.

BC Partners is aiming to raise nearly €6 billion for its next buyout fund.

Lloyds Banking Group (LSE: LLOY) is planning to sell some of its portfolio of European leveraged loans.

Human Resources

Tom Flanagan has joined Jefferies as a managing director in the firm’s financial sponsors group. He previously ran the mid-market financial sponsors group for Lehman Brothers.

Mick MacBean and Norm Rokosh have joined TriWest Capital Partners as managing directors. MacBean is the founder and former CEO of Diamond Energy Services, while Rokosh has run companies like Macro Enterprises Inc.

Greg Reynolds has joined The Comvest Group as a managing director. He previously was a director with Dymas Capital.

GeneTrainor is stepping down as chief operating officer at New Enterprise Associates, according to Private Equity ! Insider. He has agreedtake a similar role at Foundation Capital.