PE Week Wire — Friday 4/25


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Nanosys Inc., a Palo Alto, Calif.-based developer of nanotechnology-enabled systems, has raised $30 million in an ongoing round of Series B funding. New investors included CDIB BioScience Ventures, Chiao Tung Bank, China Development Industrial Bank, Harris & Harris, Lux Capital, Quanta Computer and SAIC Venture Capital Corp. Return backers include ARCH Venture Partners, CW Group, Polaris Venture Partners, Venrock Associates, Prospect Venture Partners and Alexandria Real Estate Equities. The company now has raised $46.7 million since its early 2001 founding, including a $1.7 million seed round and a $15 million Series A deal last February. It is likely that this latest deal will include a second tranche of capital before finally closing.

Marc-Henri Galletti has joined Pequot Capital Management has a vice president focused on healthcare investments. He most recently served as a private equity research analyst at Amerindo Investment Advisors, where he helped coordinate investments into CancerVax Corp. and Eyetech Pharmaceuticals Inc.

Jeffrey Frient has been named a principal at the Edgewater Funds. He was previously a principal in the corporate finance department at William Blair & Co.

Jeffrey Tarbell has joined Willamette Management Associates has a principal and national director of financial advisory services. Among his areas of focus will be mergers and acquisitions.

Steve Ciesinski, a partner with international venture firm Earlybird, has been named interim president and CEO of InTime Software Inc.

Richard LeFaivre has been named as an independent board member of Seattle-based WatchGuard Technologies Inc. (Nasdaq:WGRD). He currently serves as executive director of the William J. von Liebig Center for Entrepreneurism and Technology Advancement at UC San Diego, and also is founder and managing partner of IdeaEdge Ventures.

Alex Duff has been named CFO of Tenzing Communications Inc., a Seattle-based company focused on networking capabilities for airline passengers. He was previously a vice president of Fremont Communications, a venture capital unit of The Fremont Group. Before that, he was an investment banker in the corporate finance and M&A divisions of Morgan Stanley.

The Financial Times is reporting that Carlyle Group and Apax Partners are readying a joint bid for around 18,000 mobile phone towers and masts being sold by Deutsche Telekom. The paper claims that the deal could be worth upwards of €4 billion (approx. $4.39 billion).

The Wall Street Journal is reporting that Carlyle Group is planning to purchase Jersey City-based auto parts maker UIS Inc. for around $1 billion.

Reuters is reporting that a planned sale of Jafra Cosmetics portfolio company to Avon Products has fallen apart. Jafra is a portfolio company of Clayton, Dubilier & Rice.
NEWS FROM THURSDAY 4/24
Network Photonics Inc., a Boulder, Colo.-based optical switching company, went out of business this week. The company employed 65 people (off from a high of 140), and had raised over $120 million in venture capital funding since being founded in the summer of 1999. The company’s largest financing round came in late 2000, when it secured $106.5 million at a post-money valuation of $369.85 million. Investors included New Enterprise Associates, Siemens Venture Capital, Spectrum Equity Investors, The Strum Group and U.S. Venture Partners.

Scali AS, an Oslo, Norway-based provider of high-performance clustering solutions, has raised NOK 40 million (approx. $5.4 million) in Series B funding. Four Season Venture Capital led the deal, and was joined by Intel Capital, Kongsberg Gruppen and SND Invest. In related news, the company has named Bjorn Skare, former CEO of business intelligence software developer Camo, as president and CEO.

Zero2ipo.com Ltd., a Beijing-based venture capital consulting company, is reporting that 31 different companies based in mainland China received venture funding during the first quarter, for a total take of $224.5 million. Most of the financing went to companies in the telecom sector.

TeliaSonera AB has agreed to sell its Swedish cable television business – known as Com Hem – to private equity firm EQT Partners (part of Investor AB) for just under $260 million. The deal involves EQT Partners’ $1.7 billion Northern Europe fund.

Ponte Communications Inc., a Mountain View, Calif.-based provider of activation and control solutions for managed service providers, has reportedly gone out of business. The company had raised $16 million since its early 1998 founding from investors like Greylock, Societe General and Thompson Clive & Partners.

Bistro Corp., a Toronto-based provider of restaurant-management technology, has raised $5 million in new funding. VenGrowth Capital Partners led the deal with a $2.8 million commitment, and was joined by the Business Development Bank of Canada.

Barclays Private Equity has backed a management buyout of The NCC Group, a UK-based software firm. The deal is worth