Apptus Technologies AB, a Swedish provider of search technology in the ecommerce and e-directory sectors, has raised an undisclosed amount of VC funding from InnovationsKapital. www.apptus.com
Montagu Private Equity has sold Open International Ltd. to European insurance company Towergate for Gbp276 million. Open International provides IT solutions to insurance brokers in the UK and Ireland. Montagu sponsored a Gbp182 million management buyout of Open International in March 2006. www.montaguequity.com
NetScout Systems Inc. (Nasdaq: NTCT) has acquired computer security company Network General Corp. from TPG and Silver Lake Partners. The deal is valued at approximately $205 million, including $50 million in cash and $100 million of debt financing. TPG and Silver Lake had originally paid around $275 million to acquire Network General (f.k.a. Sniffer Technologies) […]
Verus Pharmaceuticals Inc. has sold its pediatric asthma development programs to AstraZeneca PLC. The deal includes a $30 million upfront payment, plus the possibility of a $280 million earnout payment. Verus raised a $78 million Series A round back in 2005, from Domain Associates, Prospect Venture Partners, Paul Royalty Fund, MPM Capital, Montreaux Equity Partners, […]
Pamplona Capital Management of London has held a EUR 1.3 billion first close on its second fund, which will focus on buyout opportunities in Europe. www.pamplonafunds.com
The Washington State Investment Board has made the following fund commitments: $750 million for Warburg Pincus Private Equity Fund X; $700 million for KKR European Fund III; $25 million for Advent Latin American Private Equity Fund IV and $50 million to Avenue Special Situations Fund V. www.sib.wa.gov
The State of Wisconsin Investment Board has retained StepStone Group LLC to assist SWIB in making “specialized” private equity fund investments. StepStone will identify funds that have specific geographic, industry or investment structure focus. www.stepstonellc.com
Newbury Partners has agreed to acquire a portfolio of startup company interests from Israel-based Clal Industries & Investments Ltd. and Clal Venture Capital Management, according to Globes Online. The total deal was valued at $20 million.
Gerrit Zalm has joined Permira as an advisor. He is the former deputy prime minister and minister of finance of the Netherlands. www.permira.com
Thierry Paternot has joined Duke Street Capital as a France-based operating partner, focused on opportunities in the consumer space. He currently is president of Stanley Tools, Europe . www.dukestreetcapital.com