| PE Week Wire -- Wednesday, May 25 |
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InPhase Technologies Inc., a Longmont, Colo.-based provider of holographic disk storage drive and media development, has raised $32.1 million in Series C funding. Bayer MaterialScience AG participated on the deal as a financial and strategic backer, and was joined by Nanotech Partners Ltd. (sponsored by Mitsubishi Corp.), New Venture Partners and existing shareholders Hitachi Maxell Ltd., ALPS Information Technology Fund, Yasuda Enterprise Development Co. and Japan Asia Investment Co. The company has raised approximately $54 million in total VC funding since its 2000 inception. www.inphase-technologies.com
RazorGator Interactive Group Inc., a Beverly Hills, Calif.-based online ticket agent for sold-out sporting and entertainment events worldwide, has raised $26 million in Series A funding. Kleiner Perkins Caufield & Byers and Oak Inv*stment Partners co-led the deal, with Hercules Technology Growth Capital also participating. www.razorgator.com
MTU Aero Engines Holding AG, a Germany-based maker of aircraft engines, has set its proposed IPO terms to 19 euros to 22 euros per share, with up to 35.65 million shares to be issued. MTU plans to price on the Frankfurt Stock Exchange, and is controlled by Kohlberg, Kravis Roberts & Co. (KKR). The IPO would value MTU at between 1.05 billion euros and 1.2 billion euros, which is lower than the 1.5 billion euros KKR paid for MTU when buying it from DaimlerChrysler last year. www.mtu.de
Tropic Networks Inc., an Ottawa-based supplier of regional and metro-area optical networking equipment, has raised US$33 million in additional VC funding. JPMorgan Partners led the deal, and was joined by Narra Venture Capital, Dynamic Venture Opportunities Fund, CrossBridge Partners Fund, VentureLink Fund and The Bank of Nova Scotia. Return backers included Altamira, Anschutz Inv*stment Co., Crescendo Ventures, Celtic House Venture Partners, Goldman Sachs, Kodiak Venture Partners, Ontario Teachers' Pension Plan and Raza Venture Fund. In other Tropic Networks news, the company secured a $15 million operating capital facility from Silicon Valley Bank. www.tropicnetworks.com
Proxilliant Systems Corp. (f.k.a. SpaceNet Communications AB) has raised 2 million euros in VC funding from Creandum and Northzone Ventures. Proxilliant is a cable networks technology company with offices in both Stockholm, Sweden and Bala Cynwyd, Penn. www.proxilliant.com
Qumas, a Cork, Ireland-based provider of enterprise risk and compliance management solutions, has raised $10 million in VC funding from Fidelity Ventures and General Catalyst Partners. www.qumas.com
Quickoffice Inc., a Mountain View, Calif.-based provider of office document software for mobile professionals, has raised $7 million in a VC funding round led by Mayfield. The deal was structured as Series C convertible preferred stock, but is Quickoffice's first institutional round of funding. www.quickoffice.com
Isilon Systems Inc., a Seattle-based provider of clustered storage solutions, has raised $20 million in fourth-round funding. Focus Ventures led the deal, and was joined by return backers Lehman Brothers Venture Partners, Sequoia Capital, Atlas Venture and Madrona Venture Group. The company has now raised nearly $60 million in total VC funding since its 2001 inception. www.isilon.com
Energy 51 Inc., a Calgary, Alberta-based oil and gas exploration company, has received up to Cdn$17.8 million in private equity commitments from Greenhill Capital Partners and COSCO Capital Management. www.energy51.ca
Southern Bay Energy LLC, a Houston, Texas-based oil and gas exploration and production company, has received $10 million in private equity funding from Wachovia Capital Partners.
Freeman Spogli & Co. has completed its acquisition of a majority position in Santa Ana, Calif.-based Bright Now Dental Inc. from Gryphon Inv*stors, which will remain a minority shareholder. www.brightnow.com
Francisco Partners has completed its acquisition of RedPrairie Corp., a Waukesha, Wis.-based provider of supply chain technology solutions that enable business process transformation. No financial terms were disclosed. RedPrairie received a significant minority inv*stment in 1998 from Advent International, Vestar Capital Partners and GE Capital. www.redprairie.com
The Riverside Co. has acquired Embracing HospiceCare, a provider of hospice services with three locations in Georgia. No financial terms were disclosed. Riverside plans to combine EH with American Hospice Management, a platform company it acquired in January 2004. www.americanhospice.com
Allion Healthcare Inc., a Melville, N.Y.-based provider of specialty pharmacy and disease management service for HIV/AIDS patients, has set its proposed IPO terms to four million common shares being offered at between $12 and $14 per share. The company plans to trade on the Nasdaq under ticker symbol ALLI, with Thomas Weisel Partners serving as lead underwriter. The company lists The Edgewater Funds as a significant shareholder, with an 8.2% pre-IPO stake. www.allionhealthcare.com
Premium Standard Farms Inc., a Kansas City-based provider of pork products within the United States, has set its proposed IPO terms to 12.5 million common shares being offered at between $15 and $17 per share. The company plans to trade on the Nasdaq under ticker symbol PORK, with Morgan Stanley serving as lead underwriter. The company is majority-owned by ContiGroup Companies Inc., while other shareholders include MetalMark Capital and Oaktree Capital Management. www.psfarms.com
Opoczno SA, a Poland-based ceramics company, today delayed setting price terms for its proposed IPO, without giving either an explanation or a revised disclosure date. The company is controlled by Enterprise Investors. www.opocznosa.com.pl
North American Science Associates Inc., a Northwood, Ohio-based contract research organization, has agreed to acquire CeeTox Inc., a Kalamazoo, Mich.-based scientific and medical services company. CeeTox was founded in 2003 by former Pfizer scientists, and received funding from Southwest Michigan First, Western Michigan University's Bioscience Research Commercialization Center, the Michigan Economic Development Corp. and local angels. www.ceetox.com
Bionomics Ltd. (ASX: BNO) of Australia has agreed to acquire Melbourne-based drug discovery company Iliad Chemicals Pty Ltd. for Au$9 million worth of Bionomics stock, plus the possibility of an additional Au$3 million worth of milestone payments. Iliad Chemicals has received VC funding from Start-Up Australia Pty Ltd. www.iliad.com.au
North Bridge Venture Partners is looking to raise up to $515 million for its sixth fund, according to a regulatory filing. www.nbvp.com
The Minnesota State Board of Inv*stment, Adams Street Partners, St. Paul Fire & Marine Insurance Co. and 3M Inv*stment Corp. are among the limited partners in Split Rock Partners' inaugural fund, according to a regulatory filing. www.splitrock.com
ECentury Capital Partners, a McLean, Va.-based venture capital firm focused on technology companies, has promoted: Jim Broder from principal to managing director, and Chris Fritz from associate to principal. www.ecenturycapital.com
Debevoise & Plimpton LLP has named seven new partners, including: Geoffrey Kittredge (inv*stment management and private equity), Andrew Ceresney (litigation), Jeffrey Jacobson (litigation), Matthew Kaplan (securities), Li Li (Shanghai-based corporate), Maeve O'Connor (litigation) and My Chi (bankruptcy and restructuring). www.debevoise.com
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