I am pleased to announce that the next peHUB Shindig will be in New York City on Wednesday, February 3.
We’ll be doing it again at Connolly’s on West 45th Street, and tickets are on sale now. Get yours by going here. (http://nycshindig.eventbrite.com)
Per usual, no content – just cocktails & conversation with other members of New York’s venture capital and private equity communities. Investors, entrepreneurs, bankers, lawyers and other assorted hangers-on…. Plus yours truly (I’ll be the guy in the baseball cap making announcements from atop the bar).
Tickets cost just $10 each, with proceeds being donated to a local charity that will be selected by event attende! es (you can nominate a charity when you register). I urge you to get yours soon, since the last peHUB Shindig in New York sold out.
A very special thanks to our sponsors, who stepped up on very short notice: First Round Capital, NYPPEX Private Markets, PCG Asset Management and RCP Advisors.
Top Three
Avie Tevanian has joined Elevation Partners as a managing director. He previously was chief software technology officer with Apple, before which he was VP of software engineering for NeXT Computer.
Bill Green has joined Macquarie Group as a senior managing director, and head of renewable energy infrastructure investments in North America. He previously was with VantagePoint Venture Partners, where he co-founded the firm’s cleantech practice.
Cardinal Agri-Logistics, an acquisition platform sponsored by Huron Capital Partners, has acquired Landes Trucking Inc., a Jacksonville, Ill.-based provider of transportation and logistics services to agricultural processing companies and food manufacturers. Huron committed $20 million to the deal.
VC Deals
Spartoo, a European e-retailer focused on footwear, has raised €12 million in Series B funding. Highland Capital Partners and Endeavour Vision co-led the round, and were joined by return backers A Plus Finance and CM-CIC Capital Privé. Clipperton Finance advised Spartoo on the deal.
EcoSynthetix Inc., a Canadian green chemistry company, has raised US$10.1 million in new VC funding led byCanaccord Financial.
ReputationDefender, a Redwood City, Calif.-based provider of online name-monitoring and protection services, has raised $8.65 million in Series B funding co-led by Bessemer Venture Partners and Kleiner Perkins Caufield & Byers. The company previously raised $2.6 million from European Founders Fund, Maples Investments and RP/JA Investments.
BioLeap Inc., a New Hope, Penn.-based drug developer that utilizes computational fragment-based design technology, has raised $5 million in Series A funding from Adams Capital Management and Quaker BioVentures.
TopTenReviews, an Ogden, Utah-based provider of expert tech and entertainment reviews, has raised $1.5 million in new VC funding from return backers Highway 12 Ventures and Village Ventures. The company previously raised $6 million in 2007.
Buyouts Deals
Lincolnshire Management has acquired two aviation training companies: Sanford, Fla.-basedDelta Connection Academy Inc. and Burnsville, Minn.-basedAerosim Technologies. No financial terms were disclosed. The two companies will operate under a common holdco named Flight Training Acquisitions LLC.
NetWitness Corp.,a Herndon, Va.-based provider of network forensic analysis products, has raised an undisclosed amount of growth equity funding from Summit Partners. The company previously raised VC funding from Alsop Louie Partners, and its CEO is former In-Q-Tel boss Amit Yoran.
PE-Backed IPOs
Bridgepoint has picked Goldman Sachs and RBS to lead manage a possible IPO for portfolio company Pets at Home, a UK-based pet retailer.
PE-Backed M&A
Amobee Media Systems Inc., a Redwood City, Calif.-based developer of ad-serving solutions for mobile operators, has agreed to buy London-based mobile advertising company RingRing Media. No financial terms were disclosed. Amobee has raised around $59 million in VC funding from Cisco Systems, Motorola, Telefonica, Vodafone, Accel Partners, Globespan Capital Partners and Sequoia Capital.
Evriholder Products, a branded housewares portfolio company of CID Capital, has acquired licensed housewares company A. Aronson Inc. No financial terms were disclosed.
OneAccess, a France-based provider of enterprise access r! outers and IP services, has acquired Bangalore, India-based router manufacturer BA Systems. No financial terms were disclosed. OneAccess has raised over $25 million in VC funding from firms like AGF Private Equity, CIC Capital, T-Venture, VPSA, Innovacom, HarbourVest Partners and Tempo Capital Partners.
Sarnova, a distributor of health care products in the emergency medical services (EMS) and respiratory markets, has acquired CVC Inc., an Arlington, Texas-based provider of products to the acute care respiratory and emergency medical services markets. No financial terms were disclosed. Sarnova is a portfolio company of Water Street Healthcare Partners.
PE Exits
Permira plans to sell its remaining 10.1% stake in German mobile phone group Freenet AG, via a share placement managed by Goldman Sachs and UBS.
Pharmaxis Ltd. (ASX: PXS) has agreed to acquire Topigen Pharmaceuticals Inc., a Montreal-based developer of respiratory therapeutics. The all-stock deal includes 2.3 million of Pharmaxis shares up-front, plus up to 5 million shares via earn-out. At current market value, the total deal would be worth around A$23.44 million. Topigen raised around US$58 million from firms like Fonds de Solidarite des Travailleurs du Quebec, MMV Financial, BDC Venture Capital, CDP Capital, T2C2 Capital, Investissement Desjardins Desjardins Venture Capital andColler Capital.
ProSiebenSat1, a! broadcaster owned by KKR and Permira, reportedly is considering a management buyout offer for its news channel N24.
Firms & Funds
BioMed Partners, a Swiss venture capital firm focused on the European healthcare sector, has closed its second fund with CHF 106 million ($104 million) in capital commitments. The firm also hired veteran pharma exec Karl Deres as a venture partner. Most recently, Deres had been running his own pharma consulting firm.
Human Resources
Robert Barrack has joined New York Life Capital Partners as a managing director and chief operating officer. He has spent the past 12 years with The Blackstone Group, most recently as a managing director of business development and investor relations.
Jim Eisenstein has joined Point Judith Capital as a venture partner. He previously was CEO of VC-backed wireless tower company OptaSite, which was acquired by SBA Communications in 2008! for $430 million.
Greylock Partners has promoted Isaac Fehrenbach and David Thacker to the position of associate partners. Fehrenbach joined the firm in 2003, and focuses on cleantech investments. Thacker joined in 2008, and focuses on consumer and enterprise technology opportunities.
Curtis Hart has joined Industrial Opportunity Partners as director of business development. He previously was with GE Capital. IOP also announced the hiring of David Dorfman as an associate. Dorfman previously was an analyst with Harris Williams & Co.
ICV Capital Partners has promoted Zeena Rao from vice president ! to principal. She joined the firm in 2001 from Lehman Brothers. Read more…
Tarun Kalra has joined Next World Capital as a senior associate. He previously was with Battery Ventures. Next World is a $200 millionevergreen fund that invests across the venture lifecycle in software, business services, Internet and cleantech companies.The firm has offices in San Francisco and Brussels. www.nextworldcap.com
Malcolm Wright has joined Alvarez & Marsal as a New York-based managing partner in the firm’s transaction advisory practice. He previously was global lead partner in KPMG’s private equity group.
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