Public Exits

Capella Education Co., a Minneapolis-based provider of online post-secondary education services via the Internet, filed an S-1a statement with the SEC. The move indicates that Capella plans to pursue an IPO, even though its last filing came over a year ago. Shareholders include Forstmann Little, Technology Crossover Ventures, Maveron and Cherry Tree Ventures.

EQT Partners is planning a November floatation for portfolio company Symrise GmbH, according to the Financial Times Deutschland. Symrise is a German maker of flavors, fragrances and aroma chemicals. HarbourVest Partners also is a shareholder.

Global Broadcast News Ltd., an India-based operator of the CNN-IBN television channel, is planning to raise up to $22.6 million via an IPO. It is controlled by Television Eighteen Ltd., but also received some private funding earlier this year from IL&FS Investment Managers.

KKR and Texas Pacific Group have sold their remaining stake in NRG Energy Inc. (NYSE: NRG) via a secondary offering. Morgan Stanley acquired the firms’ combined 8.4 million shares, and will resell them. The shares were acquired as part of their sale of Texas Genco to NRG in February, with an initial secondary sale in August (which also included Blackstone Group and Hellman & Friedman).

New Oriental Education & Technology Group Inc., a Beijing-based provider of private educational services in China, has filed to raise $112.125 million via an IPO of American depository shares. It plans to price 7.5 million ADS at between $11 and $13 per share, with each ADS representing four common shares. New Oriental will trade on the NYSE under ticker symbol EDU, with Credit Suisse and Goldman Sachs (Asia) serving as co-lead underwriters. Shareholders include Tiger Global Private Investment Partners.

Physicians Formula Holdings Inc., an Azusa, Calif.-based cosmetics company, has filed to raise $115 million via an IPO of common stock. It plans to trade on the Nasdaq under ticker symbol PHYS, with Deutsche Bank Securities and Citigroup serving as co-lead underwriters. Summit Partners holds a 76.8% pre-IPO stake

Picis Inc., a Wakefield, Mass.-based provider of healthcare software for high-acuity areas of the hospital, has filed to raise $86.25 million via an IPO of common stock. It plans to trade on the Nasdaq under ticker symbol PICS, with Goldman Sachs and Piper Jaffray serving as co-lead underwriters. Significant shareholders include Brown Brothers Harriman’s 1818 Fund (32.1% pre-IPO stake) and Camden Partners (9.78%).

CommVault Systems Inc., an Oceanport, N.J.-based provider of data management software applications, has set its proposed IPO terms to around 11.11 million common shares at between $12.50 and $14.50 per share. It plans to trade on the Nasdaq under ticker symbol CVLT, with Credit Suisse and Goldman Sachs serving as co-lead underwriters. Shareholders include TH Lee Putnam, Sprout Group and DLJ Merchant Banking Partners.

Tandem Health Care Inc., a Maitland, Fla.-based provider of long-term healthcare services, has withdrawn registration for a $143.75 million IPO. Controlling shareholder Behrman Capital sold the company last month for $620 million to JER Partners and Formation Capital.