peHUB Wire: Tuesday, August 24, 2010

No real column today, as yesterday was spent tying up a bunch of loose ends here at the home office. It seems that leaving a job is a lot like preparing for vacation – tons of work, few visible results – except you can’t say: “I’ll get to it when I return.”

A bunch of you have emailed to ask if peHUB Wire and will continue after Thursday. The answer is “yes.” Some have asked if I’ll keep covering similar topics in my new gig, to which the answer is also “yes.” I hope to have some more details for you before handing in my Thomson Reuters ID card later this week (that’s figurative, since I lost that thing years ago).

But since I hate leaving you with nothing on a rainy Tuesday…

*** Brian Roberts is stepping down as private equity investment officer with the Washington State Investment Board. He’ll be returning to Russell Investments early next month, where he was director of transition management before joining WSIB a couple of years ago. No word yet on a replacement.

*** Quiz Time: Can you name the venerable VC firm that is carving out part of an existing fund for seed-investing purposes? Hint: The person in charge has “seed” experience prior to joining this firm.

*** Very split reader opinion on yesterday’s CalPERS column. If you’ve got a reply, send it on over today and I’ll try to post the best ones online as a compilation (just first names, so don’t worry)…

*** First Read, including how big companies can stem their brain drain, Inside Job trailer, one location startup that doesn’t mind Facebook Places and where the next decade’s service jobs will be.

*** Investors question “public” private equity

Top Three

Thoma Bravo has agreed to acquire LANDesk Software from Emerson (NYSE: EMR). No financial terms were disclosed. LANDesk is a Salt Lake City-based provider of systems lifecycle management, endpoint security and IT service management.

Brand Affinity Technologies, an Irvine, Calif.-based interactive marketing platform for celebrities, has raised $20 million in third-round funding. Miramar Venture Partners led the round, and was joined by CGI Opportunity Fund II and returns backers RimLight Capital, Fulcrum Venture Capital, Ad Pepper Media International.Company co-founders Chad and Ryan Steelberg also participated, via their Newport Coast Investments vehicle.

Boeing (NYSE: BA) has acquired Narus Inc., a Sunnyvale, Calif.-based provider of real-time traffic intelligence for the protection and management of large IP networks. No financial terms were disclosed. Narus had raised over $113 million in VC funding, including a 2009 recap byAmerican Capital, Mayfield Fund, NeoCarta Ventures, Panorama Capital and Walden International.

VC Deals

VSS Monitoring Inc., a Burlingame, Calif.-based distributed traffic capture company, has raised $20 millionfrom Battery Ventures. It is the company’s first institutional funding round.

Nimbula, a Menlo Park, Calif.-based developer of cloud operating systems, has raised $15 million in Series B funding. Accel Partners led the round, and was joined by return backer Sequoia Capital.

6fusion, a Durham, N.C.-based developer of a single utility computing platform for IT professionals, has raised $3 million in VC funding led by Intersouth Partners.

Zimride, a San Francisco-based social ride-sharing service, has raised $1.2 million in seed funding. Floodgate led the round, and was joined by K9 Ventures, Teddy Downey and Keith Rabois.

SpaceCurve, a Palo Alto, Calif.-based developer of massively parallel database solutions, has raised $1.1 million in VC funding led by Reed Elsevier Ventures.

Buyout Deals

Alliance Medical’s lenders reportedly plan to seek bidders to trump restructuring plans proposed by company owner Dubai International Capital.

The Gores Group has won a bankruptcy court auction for the parent company of National Envelope Corp., for around $149.9 million.

THL Partners has completed its acquisition of Intermedix Corp., a provider of revenue cycle management solutions for emergency services providers, from Parthenon Capital Partners. No financial terms were disclosed. Other selling shareholders included Glenview Capital Management.

PE Exits

Ratos AB is looking to sell Bisnode, a business information company that operates Dun & Bradstreet branded credit-checking businesses in 10 European companies. J.P. Morgan Chase is managing the process.

Warburg Pincus is planning to raise up to $113 million via a sale of shares in Chinese department store operator Intime Department Store Group (HK: 1833), according to Dow Jones. The deal would reduce Warburg Pincus’ stake from 15.8% to 10.1 percent.

PE-Backed M&A

ExactTarget, an Indianapolis-based maker of email marketing software, has acquired Australian reseller mPath for an undisclosed amount. ExactTarget has raised around $155 million in VC funding, from Technology Crossover Ventures, Battery Ventures, Insight Venture Partners, Ontagu Newhall and Scale Venture Partners.

TEOCO, a Fairfax, Va.-based provider of routing and revenue management software for communication service providers, has completed its acquisition of TTI Team Telecom International, a supplier of operations support systems (OSS) to communications service providers. The deal was valued at $58 million. TEOCO raised $60 million in equity funding from TA Associates, in exchange for a minority ownership position, two years ago.

Firms & Funds

Korea Investment Corp., South Korea’s $35 billion sovereign wealth fund, is planning to double its alternative investments over the next five years.

Human Resources

GrowthWorks Capital announced that Jim Charlton, senior VP of investments, is transitioning into a part-time role focused on strategic initiatives.