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The first set of Q1 venture capital data was released this
morning, courtesy of VentureOne and Ernst & Young. It shows 564
companies raising $6.02 billion, which is higher than what was
raised in either Q1 2005 or Q4 2005. Median round size was $7.5
million, with Amp’D Desperate Internship Drive
Job: Middle-market LBO Job: Private equity Job: Middle-market LBO & Buy-side
advisory Job: Private equity w/ emerging markets focus Job: Early-stage tech VC Job: M&A Advisory and Restructuring (at independent
I-bank) Job: Early-stage VC (internship is
healthcare-focused) Job: Commercial Finance Job: VC Job: Equity research for sell-side firm Job: Growth Capital Job: I-banking Job: LBO, with consumer media focus Job: Growth equity and buyouts in media, telecom and
business services Job: VC Job: Retail-focused tech startup about to begin
fund-raising Job: I-Bank: M&A and later-stage private placements,
with software/Internet focus Job: Private equity firm in the midst of
fundraising Job: LBO with financial institutions focus Job: Energy-focused VC Job: Fund-of-funds Job: Lower mid-market LBO Job: LBO Job: Job: Growth & expansion private equity Job: Lower mid-market LBO
The Blackstone Group has agreed to acquire a 4.5% stake in Deutsche Telekom AG (NYSE: DT) from German bank KfW for €2.68 billion, or €14 per share. www.blackstone.com PhotoThera Inc., a Carlsbad, Calif.-based developer of infrared laser technology for the treatment of ischemic stroke, has raised $30.5 million in Series C funding. Warburg Pincus was joined by return backers DeNovo Ventures, Hamilton BioVentures, The Vertical Group and Solstice Capital. www.photothera.com
Amit Yoran has resigned as CEO of In-Q-Tel, the venture capital arm of the Central Intelligence Agency. He joined In-Q-Tel just this past January, after Gilman Louie left to launch a new VC firm with former New Enterprise Associates pro Stewart Alsop. Yoran previously served as director of the National Cyber Security Division at the U.S. Department of Homeland Security. Yoran's resignation was first reported by The Washington Post. www.in-q-tel.com
Application Security Inc., a New York-based provider of enterprise application security solutions, has raised $10 million in Series C funding at a post-money valuation of approximately $66 million. Paladin Capital Group led the deal, and was joined by return backers Thomas Weisel Venture Partners, Kodiak Venture Partners and Early Stage Enterprises. http://www.appsecinc.com/
CentrePath Inc., a Waltham, Mass.-based provider of data center networking solutions, has raised $10.05 million in Series C funding, according to a regulatory filing. Bain Capital Ventures was joined by return backers Greylock and Pilot House Ventures. www.centrepath.com
Emdigo Inc., a Campbell, Calif.-based developer of 3D content and production technology for the wireless industry, has raised an undisclosed amount of second-round funding led by East Gate Capital Management. www.emdigo.com
Garlik Ltd., a UK-based provider of personal information management and security solutions, has raised an undisclosed amount of startup funding from 3i Group and Doughty Hanson Technology Ventures. www.garlik.com Pulmatrix Inc., a Cambridge, Mass.-based drug company focused on infectious respiratory disease, has raised around $2.68 million in seed funding co-led by Polaris Venture Partners and 5AM Ventures, according to a regulatory filing. www.pulmatrix.com Venaca Inc., a New York-based provider of digital asset management systems, has raised an undisclosed amount of first-round funding from The Argentum Group and first Analysis Corp. http://www.venaca.com/
KooXoo, a China-based category message search engine, has raised $2 million in VC funding, according to SinoCast. www.kooxoo.com
Cendant Corp. (NYSE: CD) is considering a sale of its Travel Distribution Services division, which includes Orbitz, CheapTickets.com and Galileo International. It previously had announced plans to spin out the unit. A sale could be worth upwards of $4 billion. http://www.cendant.com/ Stork NV, a Dutch industrial systems company, has received buyout interest, according to Het Finacieele Dagblad. Interested firms reportedly include AEA, Apax Partners, AlpInvest, Carlyle Group, Clayton Dubilier & Rice and Texas Pacific Group. Stork’s stock rose around 4% on the news, valuing the company at around €1.6 billion. www.stork.com
Jazz Semiconductor Inc., a Newport Beach, Calif.-based foundry focused on specialty process technologies for the manufacture of analog and mixed-signal semiconductor devices, has filed to raise $105 million via an IPO of common stock. It plans to trade on the Nasdaq under ticker symbol JAZZ, with Cowan & Co. and Needham & Co. serving as lead underwriters. Jazz was bought in 2002 by The Carlyle Group, Conexant Systems Inc. and RF Micro Devices Inc. It had filed for a $150 million IPO in 2004, but withdrew the registration in 2005. www.jazzsemi.com
Light Sciences Oncology Inc., a Snoqualmie, Wash.-based developer of light-activated treatments for solid tumors, has filed to raise $86.25 million via an IPO of common stock. It plans to trade on the Nasdaq under ticker symbol LSON, with Wachovia Securities and Cowen & Co. serving as lead underwriters. The company raised $67.3 million in Series A funding late last year from firms like Essex Woodlands Health Ventures, Scandinavian Life Science Venture, Novo AS, New Science Ventures, China Industrial Development Bank and Johnson & Johnson Development Corp. www.lsoncology.com
PPM Capital has agreed to sell European industrial parts distributor OREFI Participation to Investcorp for an undisclosed amount. OREFI employs 1,240 people in France and The Netherlands, and had 2005 revenue of €293.5 million. www.ppmcapital.com www.orefi.fr The Carlyle Group has agreed to sell its stake in the Dr. Pepper/Seven Up Bottling Group to Cadbury Schweppes PLC for up to Gbp300 million, according to The Financial Times. Cadbury Schweppes already owns a 45% stake in the company. www.carlyle.com www.dpsu.com
Mediabolic Inc., a San Mateo, Calif.-based developer of entertainment networking software, has agreed to acquire Digital 5 Inc., a Lawrenceville, N.J.-based provider of software for streaming multimedia content. No financial terms were disclosed. Mediabolic shareholders include Aurora Ventures, Intel Caital, Spinnaker Ventures and AsiaTech Management. Digital 5 had raised around $32 million from 3i Group, Intel Capital, AVC Technology, Blue Chip Capital Co., Phillips Venture Capital, Texas Instruments and SpaceVest. www.mediabolic.com www.digital5.com PharmaTech Solutions Inc., a Wilmington, N.C.-based
integrated clinical development services company, has agreed to
acquire Realinterface Expert Systems, an Annapolis, Md.-based
provider of specialty software for the clinical trial and first
responder markets. No financial terms were disclosed. PharmaTech has
raised VC funding from The American Fund Advisors (according to
VentureWire), while RES has raised a small amount of funding
from The Maryland Department of Business and Economic Development
and the Maryland Technology Development Corp. www.pharmatechsolutions.com Radiant Research Inc., a Bellevue, Wash.-based clinical
research company, has agreed to sell eight of its early-phase
clinical development sites to Covance Inc. (NYSE: CVD) for
approximately $65 million. They are located in One Connect IP, an Albuquerque-based regional VoIP service provider, has acquired ZiaNet, a New Mexico ISP. No financial terms were disclosed. One Connect recently raised funding from Mesa Capital Partners and Silicon Valley Bank. http://www.oneconnectip.com/
The Longreach Group of
Mach Ventures is planning to raise $150 million for its inaugural fund, according to PE Week. The San Francisco-based firm is run by John Lonergan, former co-founder of CardioNow, and Michael Laufer, a former managing director with Menlo Ventures.
Index Ventures has promoted Ben Holmes to principal
in the firm’s Richard Cerf has joined GE Commercial
Finance-Technology Lending as a senior vice president based on
Sean Stone has joined Silicon Valley Bank as head
of its
Mohan Iyer has joined Burrill & Co. as a managing director in the firm’s merchant banking group. Iyer previously was executive vice president of corporate development with DiaDexus. http://www.burrillandcompany.com/
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