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News Briefs

Ziegler Meditech Partners, a joint venture between Ziegler Cos. and Medtech Advisors LLC, has closed its inaugural venture fund with $52.7 million, according to VentureWire. The fund will focus on mid-to-late stage medical device companies in the U.S. and Israel. www.zmep.com
Dr. Lara Sullivan has joined the healthcare team of Paul Capital Partners as a New York-based principal, effective April 23. She previously was in the pharma and medical products practice of McKinsey & Company. www.paulcapitalhealthcare.com
Joseph Pescatore has joined Jefferies Asset Management as director of marketing. He previously helped Energy Capital Partners raise fund capital. www.jefferies.com
Terry Tian has joined Chicago-based turnaround firm Lake Pointe Partners as an associate in the firm's new Shanghai office. www.lakepointepartners.com
MAP Pharmaceuticals Inc., a Mountain View, Calif.-based developer of inhaled drug products for respiratory and CNS diseases, has raised has raised $50 million in Series D funding. D.E. Shaw Group was joined by return backers Perseus-Soros Biopharmaceutical Fund, Pequot Ventures, Brookside Capital and Skyline Ventures. MAP Pharma has raised around $107 million in total VC […]
eTelecare Global Solutions Inc., a Philippines-based business process outsourcing company, priced 5.5 million American depository shares at $13.50 per share ($12.50-$14.50 range), for an IPO take of approximately $74.3 million. It will trade on the Nasdaq under ticker symbol ETL, whileMorgan Stanley served as lead underwriter. Shareholders include Electra Partners Mauritius, AIG Asian Opportunity Fund […]
Goldman Sachs is planning to raise between $19 billion and $20 billion for its next buyout fund, according to comments made today by CEO Lloyd Blankfein during the company's annual meeting in New York. www.gs.com
Digital Fuel Technologies Inc., a San Mateo, Calif.-based provider of SLA and service-cost management solutions, has raised $5 million in Series CC funding, according to a regulatory filing. The company had previously raised $35 million since 2000, including a $20 million Series D round in early 2005. Listed shareholders include Apax Partners, Benchmark Capital, Israel […]
Best Buy Co. Inc. (NYSE: BBY) has agreed to acquire Speakeasy Inc., a Seattle-based provider of broadband voice, data and IT services. The deal is valued at approximately $97 million, which is around 1.2x Speakeasy's 2006 revenue of $80 million. Speakeasy has raised around $55 million in VC funding since 2000, from firms like Granite […]
Dr. Sanuj Ravindran has joined Radius Ventures as a principal. He previously was with Burrill & Co., where he worked on such deals as diaDexus, Proventys, Endocyte, Neosil, Cardiokine and Arete. www.radiusventures.com

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