Dell Responds to Ichan, Southeastern Offer

Dell Inc. responded Friday to a proposed alternative – submitted by Carl Icahn and Southeastern Asset Management – to a $24.4 billion buyout deal led by founder Michael Dell. In a letter to Dell’s board on Thursday night, Icahn and Southeastern proposed that current owners keep their equity position. Additionally, they would have the option of receiving a distribution of $12 a share in cash or $12 a share in stock valued at $1.65 a share, Reuters reported. Dell said in a statement Friday that it was “carefully reviewing the potential transaction to assess the potential risks and rewards to the public shareholders.”

Silicon Legal Strategy Adds Coleman Cannon

Silicon Legal Strategy has added Coleman Cannon as a senior associate in its San Francisco office. Before joining Silicon Legal, Coleman practiced at Silicon Valley boutique law firm Montgomery & Hansen.

Box Acquires Crocodoc

Venture-backed Box has acquired Crocodoc, a startup that makes HTML5 document rendering and viewing technology. Terms of the deal were not released. The full Crocodoc team will join Box, with Crocodoc co-founder and CEO Ryan Damico serving as Box’s director of platform, the company said. Box is backed by venture firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners.

Reuters – Quintiles Transnational Raises $947M in I.P.O.

Drug researcher Quintiles Transnational Holdings raised a more-than planned $947 million in its IPO, the latest listing from a private equity-backed company as record highs for U.S. stocks encourage more exits from investments, Reuters reported. Strong investor demand for the deal helped Quintiles, which is backed by Bain Capital LLC and TPG Capital LP, price 20 percent more shares than expected at the top end of the range and pushed up pricing a day early, according to people familiar with the deal. The Durham, North Carolina-based conductor of clinical trials is also the largest of eleven IPOs pricing this week, which could mark the highest weekly IPO volume since late 2007, according to market data firm Ipreo.

Boot Barn Will Buy Baskins

Boot Barn, the western and work wear store, has reached an agreement to acquire Baskins stores. Boot Barn stores are located in 21 states, while Baskins has a presence in Texas and Louisiana. Terms were not released. Boot Barn is a portfolio company of Freeman Spogli & Co.

Spectrum Backs Extreme Reach with $50M

Spectrum Equity has put more than $50 million into video platform Extreme Reach Inc., taking a minority stake in the company. The money will go toward expansion and acquisitions. Extreme Reach is headquartered in Needham, Mass.

OUYA Inks $15M

Video game developer OUYA has raised $15 million in new funding from Kleiner Perkins Caufield & Byers, Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners. Kleiner led the round. KPCB General Partner Bing Gordon will join the company’s board.

Altus Capital Partners Buys Rocla Concrete

Altus Capital Partners, an investment firm focused on middle market manufacturing companies, is buying Rocla Concrete Tie Inc., a maker of pre-stressed concrete railroad ties. Terms were not disclosed. The sellers were AH Belco S.A., a Belgian holding company and were advised by CoView Capital Inc. Rocla Concrete is based in Denver.

Hearthside Food Solutions Sells Golden Temple

Hearthside Food Solutions, a company backed by Wind Point Partners, is selling its Golden Temple business, which makes cereals and granola. The buyer is publicly traded Post Holdings Inc. Terms were not released. Hearthside is based in Downers Grove, Illinois.

Lux Capital Adds Bilal Zuberi

Lux Capital has named Bilal Zuberi as a partner in its Palo Alto, Calif., offices. Bilal joins from General Catalyst Partners, where he was a Principal in the firm’s Boston office.

Darby Backs Alta Rail Technology

Darby Private Equity, the private equity arm of Franklin Templeton Investments, has put $15 million into Alta Rail Technology, a supplier of technology products and services to railroads. The firm invested out of Darby Latin American Mezzanine Fund II, L.P. Other terms of the deal were not disclosed.

Lincoln Park Backs Publicly Traded Zalicus

Zalicus Inc., a publicly traded biopharmaceutical company, announced that it has entered into a stock purchase agreement with Lincoln Park Capital Fund. Under the terms of the deal, Zalicus has the right to sell up to $25 million in shares of its common stock to Lincoln Park.

Silver Oak Fund Closes with $206M

Silver Oak Services Partners closed its latest fund, Silver Oak Services Partners II, L.P., with $206 million. Forum Capital Partners served as placement agent and fundraising advisor to the firm. Silver Oak focuses on control investments in target sectors of the business services, consumer services, and healthcare services industries in the United States.