peHUB Wire: Wednesday, August 5, 2009

Top Three

XDx Inc., a Brisbane, Calif.-based developer of noninvasive gene expression tests for the monitoring of immune-mediated, has raised $14.4 million in Series G funding. Bristol Myers Squibb led the round, and was joined by return backers Burrill Venture Capital, DAG Ventures, Integral Capital Partners, Intel Capital, Kleiner Perkins Caulfield & Byers, New Leaf Venture Partners and TPG Biotechnology. The company previously raised around $86 million, and last fall canceled a proposed IPO.

WideOrbit Inc., a San Francisco-based provider of sales, traffic and billing software for the global media market, has acquired Google’s radio automation business, including Google Radio Automation, Maestro and SS32 automation products. No financial terms were disclosed. WideOrbit has raised around $40 million in VC funding, from firms like Mayfield, Khosla Ventures, Greycroft Partners and Hearst Ventures.

American Capital Ltd. (Nasdaq: ACAS) reported a $547 million Q2 loss, and said it remains in default on $2.3 billion of loans.

VC Deals

SpinVox, a London-based provider of voice-to-screen messaging solutions, has raised “in excess of £15 million” infourth-round funding, according to PaidContent. No word on any new investors. The company had previously raised around $200 million from firms like GLG Partners, Goldman Sachs and Toscafund.

MediaMath, a New York-based provider of a digital media-buying platform, has raised $10 million in new VC funding. Safeguard Scientifics led the round, and was joined by QED Investors and European Founders Fund. MediaMath also secured $2.5 million in debt funding from Silicon Valley Bank.

TraffIQ, a New York-based on! line advertising marketplace and management platform , has raised $10 million in Series B funding. Greenhill SAVP and Grotech Ventures were joined by return backer Court Square Ventures.

The Neat Co., a Philadelphia-based provider of scanning software and hardware solutions for SMEs, has raised $7.3 million in new VC funding. Return backer Edison Venture Fund led the round with a $5.75 million investment, and was joined by MentorTech Ventures.

Panaya, a Menlo Park, Calif.-based provider of SaaS for automating SAP upgrades, has raised $5 million in Series B funding. Tamares led the round, and was joined by return backer Benchmark Capital.

Melodis Corp., a San Jose, Calif.-based provider of sound search technology, has raised $4 million in new VC funding. Walden Venture Capital and an unnamed “global device manufacturer” co-led the round. The company had previously raised around $12 million, from firms like Catalyst Partners, TransLink Capital, Walden Venture Capital and JAIC America.

Power Assure Inc., a Santa Clara, Calif.-based provider of power management solutions for data centers, has raised $2.5 million in Series A funding. Draper Fisher Jurvetsonled the deal, and was joined byindividual angels.

WeFi Inc., a Dover, Del.-based developer of a community-based global Wi-Fi network, has raised an undisclosed amount of Series B funding. Lightspeed Venture Partners and Pitango Venture Capital co-led the round.

Buyouts Deals

Bunker Hill Capital has acquired Nspro Inc., a Montreal-based provider of functional consulting services focused on SAP software architecture and configuration. No financial terms were disclosed.

Clessidra and Roberto Cavalli have broken off talks about Clessidra acquiring a stake in the Italian fashion house.

Cygnus Business Media, a Fort Atkinson, Wis.-based trade magazine publisher, has filed f! or Chapter 11 bankruptcy protection. Abry Partners acquired the company in 2000 for $275 million, and still held around 94% of the company’s equity and 42% of its subordinated secured notes.

Golden Gate Capital has completed its acquisition of the assets of Eddie Bauer Holdings Inc. The deal was valued at $286 million in cash.

PE-Backed M&A

Aurora Capital Group and Moelis Capital Partners have closed their co-sponsored merger between woundcare distribution companies RecoverCare LLC and MedaSTAT USA LLC. No financial terms were disclosed for what the companiesdescribed as a “merger of equals.”

MultiPlan Inc., a portfolio company of The Carlyle Group, has agreed to acquire Viant Inc., a portfolio company of Welsh Carson Anderson & Stowe. No financial terms were disclosed for the merger, which will create a single provider of medical cost management services.

TSI Group Inc., a thermal management and electronics cooling company, has acquired J.A. Reinhardt and C! o., aMountainhome, Penn.-based provider of brazing and thermal management solutions. TSI Group is a portfolio company of Arlington Capital Partners.

PE Exits

Catalyst Investors has sold to Inc., a unit of Deluxe Corp. (NYSE: DLX). No financial t! erms were disclosed. Aplus was acquired by Catalyst Investors in late 2006, and is a a San Diego-based provider of website presence solutions.

Intersil Corp. (Nasdaq: ISIL) has agreed to acquire Quellan Inc., a Santa Clara, Calif.-based provider of analog signal processing and RF noise cancellation. No financial terms were disclosed. Quellan has raised over $40 million in VC funding, from firms like W.L. Gore & Associates, Jafco, Menlo Ventures, Yamacraw Capital Seed Fund, Cordova Ventures, Samsung Ventures America and VentureTech Alliance.

Veritas Capital is planning to sell 10 million shares of DynCorp International Inc. (NYSE: DCP), via a secondary offering. The sale would reduce Vertias’ ownership stake from 55.4% to 37 percent. ! DynCorp stock closed yesterday at $21.43 per share.

Firms & Funds

Fortress Investment Group (NYSE: FIG) reported a $44.6 million Q2 2009 loss, compared to a $55.6 million loss in Q2 2008.

KKR Private Equity Investors, the Amsterdam-listed affiliate of U.S. buyout shop KKR, said that it has passed the threshold of unit-holder support for its proposed merger with KKR. The combined company would initially trade in Amsterdam, before transfering to a New York exchange within the next 12 months.

Marsh & McLennan Cos Inc. (NYSE: MMC) reported a $193 million Q2 2009 loss, compared to a $65 million profit in Q2 2008. A large part of the flip related to a writedown in the value of the company’s security consulting business.

The Shanghai government has set up China’s first private equity fund focused on financial companies, with plans to raise upwards of $2.9 billion.

VenGrowth Asset Management has agreedcompleted the sale of its mutual fund business, Criterion Investments, to First Asset Capital Corp. No financial terms were disclosed. In an earlierstatement, VenGrowth said the move would allow it to “dedicate itself fully to its private equity business.”

Human Resources

Christopher Marlowe has joined The Silverfern Group as a member of its senior merchant banking team. He previously was head of West Coast financial sponsors for Wachovia.

Marc Michel has joined New York-based Metamorphic Ventures as the firm’s third partner. He previously was group head of TD Capital Communication Partners, a $500 million private equity fund. Metamorphic also named six new advisors: Gokul Rajaram, Roland DeSilva, David Nussbaum, Marta Wohrle, David Weisman and Joe Proto.