peHUB Wire: Tuesday, January 5, 2010

Top Three

Siemens AG has short-listed five private equity firms and one strategtic as potential buyers of its hearing aid unit, which is believed to be worth just under €2 billion. The PE firms are Bain Capital, Cinven, Hellman & Friedman, KKR and Permira.

Intuity Medical Inc., a Sunnyvale, Calif.-based developer of blood glucose monitors, has raised $64 million in Series D funding. Venrock and Emergent Medical Partners were joined by return backers Investor Growth Capital, Thomas, McNerney and Partners, U.S. Venture Partners and Versant Ventures. The company previously raised around $28 million.

Clayton, Dubilier & Rice has closed its eighth fund with $5 billion in capital commitments. It had originally begun marketing with a $7.5 billion ta! rget, after having raised $4 billion for its seventh fund in 2006.

VC Deals

CircuLite, a Saddle Brook, N.J.-based maker of implantable ventricle medical devices, has raised $32.5 million in Series C funding. Forbion Capital Partners led the round, and was joined by return backers Crédit Agricole Private Equity, Foundation Medical Partners and Oxford Bioscience Partners. The company previously raised around $40 million.

Quantcast, a San Francisco-based provider of online audience analytics, has raised $27.5 million in Series C funding. Cisco Systems and return backer Polaris Venture Partners co-led the round, and were joined by existing shareholders Founders Fund and Revolution Ventures. The company previously raised over $25 million. peHUB reported in July that QuantCast was looking to raise around $50 million at a $300 million pre-money valuation.

HistoSonics, an Ann Arbor, Mich.-based developer of an image-guided system that ablates tissue, has raised $11 million in Series A funding. Venture Investorsled the round, and was joinedby Fletcher Spaght Ventures, Hatteras Venture Partners, Early Stage Partners and TGap Ventures.

RegaloCard, a Miami, Fla.-based mobile payment company, has raised $7 million in VC funding from Dublin Ventures and Kinsail Corp. RegaloCard sells prepaid gift cards in the U.S., which can be instantlydelivered to people in Latin America for use at local retailers.

Li!, a Washington, D.C.-based social discovery and cataloging network, has raised $5 million in Series B funding, according to PaidContent. Return backers include Grotech Ventures and Steve and Jean Case. The company previously raised $5 million in the summer of 2008., a Boulder, Colo.-based developer of a community and digital content delivery platform for comics, has raised more than $1 million in Series A funding. DFJ Mercury led the round, and was joined by Starz Media, Northstar Equity Investors, GC&H Investments, David Cohen, Chris Sacca, Jake Nickell, Paige Craig and Dave McClure.

Medisse, a Dutch developer of resorbable implants for soft tissue applications, has raised an undisclosed amount of ! VC funding from BioGeneration Venturesand Crédit Agricole Private Equity.

SiBeam Inc., a Sunnyvale, Calif.-based developer of semiconductor systems solutions for wireless communications platforms, has raised an undisclosed amount of strategic funding from Best Buy Capital. The company previously raised over $80 million, from Foundation Capital, New Enterprise Associates, U.S. Venture Partners, Panasonic and Samsung.

Buyouts Deals

BB&T Capital Partners has acquired Jones & Frank Corp., a Norfolk, Va.-based provider of petroleum equipment and services on the East Coast. No financial terms were disclosed. Parkway Capital Investors co-invested on the equity, while Parkway and SunTrust Bank provided leveraged financing. Matrix Capital Group managed the sale process.

Bedford Funding has acquired Peopleclick, a Raleigh, N.C.-based provider of talent acquisition and workforce compliance and diversity, for approximately $100 million. Peopleclick will be merged with existing Bedford portfolio company Authoria.

Lyceum Capital has acquired a majority stake in McKinnon and Clarke, aScotland-based energy procurement and compliance consultant. The deal gives M&C and enterprise value of £22 million.

Paul Capital Healthcare has agreed to invest up to $100 million into Phase III Development Co., a company recently formed to assist in the management and funding of clinical trials in the European Union.

PE-Backed IPOs

Icera Inc., a Bristol, UK-based maker of chips for mobile broadband phones and data devices, is planning a London IPO that could raise between $600 million and $1 billion, according to the FT. The company has raised over $160 million in VC funding, from firms like3i Group, Accel Partners, Atlas Venture, Balderton Capital, Encore Ventures, Tudor Investment Corp.and Amadeus Capital Partners.

International Mining Machinery Ltd., a Chinese mining equipment company backed by Jordan & Co., reportedly plans to raise around $500 million in a Hong Kong IPO next month.

PE-Backed M&A

American Eagle Mortgage, a Loraine, Ohio-based mortgage lender backed by Evolution Capital Partners, has acquired the assets of Real Estate Mortgage Corp. for an undisclosed amount. REMC operates in three Greater Cleveland marketplaces: Rocky River, Beachwood and Twinsburg.

Centerplate, a Stamford, Conn.-based concessions company owned by Kohlberg & Co., has completed its acquisition of smaller rival Boston Culinary Group Inc. No financial terms were disclosed, except that the deal is worth less than the $210 million Kohlberg paid for Centerplate last January.

ConvergeOneLLC, a Coatesville, Pa.-based IP telephony and convergence company, has acquired Eatontown, ! N.J.-based Empire Technologies. No financial terms were disclosed. Genstar Capital acquired ConvergeOne in 2007.

Critical Path Inc., a provider of provider of messaging applications and enterprise solutions, has acquired ShoZu Inc., a UK-based provider of solutions for exchanging content between mobile phones and Web-based social media sites. No financial terms were disclosed. Critical Path was taken private in 2008 by General Atlantic Partners and Cheung Kong Group. ShoZu has raised over $25 million in VC funding, from firms like SEB Venture Capital, Atlas Venture, Crescendo Ventures and TTP Ventures.

FXall, a UK-based institutional multi-bank electronic foreign exchange platform, has agreed to buy LavaFx from Citi. No financial terms were disclosed. FXall is backed by Technology Crossover Ventures.

Henry Schein Inc. (Nasdaq: HSIC) has completed the merger of its U.S. animal health business with Butler Animal Health Supply, a portfolio company of Oak Hill Capital Partners and The Ashkin Family Group. The combined animal health distribution company has been renamed Butler Schein Animal Health, and would have had around $850 million in revenue over the past 12 months. Henry Schein holds a 50.1% stake in the newly formed entity, with Butler owners holding t! he other 49.9 percent.

Metall Technologie, a maker of heat treatment industrial furnaces for the European market, has formed a joint venture with China’s Shanghai Huisen Industrial Furnaces Company Ltd. Metall Technologie, a portfolio company of European Capital Ltd., will hold a 70% stake in the joint venture. No financial terms were disclosed.

Seesmic Inc., San Francisco-based provider of social networking apps, has acquired, operator of a social status updating service. No financial terms were disclosed. Seesmic has raised over $12 million in VC funding, from Omidyar Network, Wellington Partners,Atomico, Mike Arrington, Dave Winer, Martin Varsavsky, Ron Conway, Steve Ga! rfield, Mark Pincus, Jeff Clavier, Jeff Pulver and Steve Case.

Univita Health, a platform portfolio company of Genstar Capital, has acquired Atenda Healthcare Solutions, a Floridian provider of home health care benefit management services. No financial terms were disclosed. Genstar formed Unitiva last year via the acquisition of Long Term Care Group, an Eden Prairie, Minn.-based provider of outsourced services to the long term care insurance industry and the geriatric care market.

York Label, an Omaha, Neb.-based provider of labeling and packaging solutions to the consumer products, has acquired Southern Atlantic Label, Chesapeake, Va.-based labeling company focused on the food packaging sector. No financial terms were disclosed, except that the deal was financed via an additional investment from existing York Label sponsor Diamond Castle Holdings.

PE Exits

Apple has agreed to buy Quattro Wireless, a Waltham, Mass.-based operator of a mobile ad network, according to All Things D. The purchase price is $275 million. Quattro has raised around $28 million in VC funding from Highland Capital Partners and Globespan Capital Partners.

Clearview Capital has sold Twinco Romax, a Medina, Minn.-based distributor and manufacturer of automotive fluids and related aftermarket products, to ShoreView Industries. No financial terms were disclosed for the deal, which was managed by Harris Williams & Co.

Dot Hill Systems Corp. (Nasdaq: HILL) has agreed to acquire Cloverleaf Communications Inc., a Southborough, Mass.-based developer of heterogeneous storage virtualization and unified storage technologies. The deal is valued at around $12 million, including $2.5 million in cash. Cloverleaf had raised nearly $15 million in VC funding from firms like Genesis Partners, BancBoston Ventures and Hyperion Partners.

EMC Corp. (NYSE: EMC) has agreed to acquire Archer Technologies, an Overland Park, Kansas-based provider of enterprise governance, risk and compliance solutions. No financial terms were disclosed. Bain Capital Ventures is a minority shareholder in Archer Technologies.

Firms & Funds

Global Environment Fund and India’s Yes Bank are raising a $200 million private equity fund to invest in cleantech companies, according to the Financial Chronicle. The two groups previously planned to raise up to $500 million, but scaled back those designs. A final close is expected later this month, with LPs to include the International Monetary Fund (IMF) and the Asian Development Bank.

Onex Corp. said that it will increase its contribution to private equity fund Onex Partners III, from $500 million to $800 million. This brings the total fund size to $4.3 billion.

Human Resources

Berkshire Partners has promoted Joshua Lutzker to managing director. He joined the firm in 1998 as an associate, and rejoined in 2002 after graduating fromHarvard Business School.

Morgan Stanley has named Eric Bischof and Jonathan Pruzan as global co-heads of its financial institutions group. They succeed Ruth Porat, who was named chief financial officer last month.