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CalPERS has committed $400 million to Centinela Capital Partners, which will oversee a new private equity fund-of-funds for emerging managers. The managers will be from across the private equity spectrum, including venture capital, expansion capital and leveraged buyouts. Centinela was founded by Cesar Baez, previously with Deutsche Bank Asset Management and a former head of […]
Optium Corp., a Chalfont, Pa.-based maker of optical subsystems for use in telecom network systems, priced 5.2 million common shares at $17.50 per share ($13.50-$15.50 range), for an IPO take of approximately $91 million. It will trade on the Nasdaq under ticker symbol OPPTM, while Credit Suisse and Morgan Stanley served as co-lead underwriters. Optium […]
LHS AG, a German provider of telecom customer care and billing systems, priced 4.6 million primary shares at
SGS International Inc., a Louisville, Ky.-based provider of graphics and packaging services, has acquired two companies: The Box Room Ltd., a UK-based artwork and project management services company; and the packaging division of Lukkien Foto & Design BV, a Netherlands-based media and advertising services company. No financial terms were disclosed. SGS is a portfolio company […]
Capgemini, a France-based provider of tech consulting and outsourcing, has agreed to acquire Kanbay International (Nasdaq: KBAY), a Rosemont, Ill.-based provider of IT services for the financial services market. The total deal is valued at $1.25 billion, with Kanbay shareholders to receive $29 per share in cash. Kanbay went public in 2004, but VC backers […]
The Pennsylvania State Employees' Retirement System has approved the following private equity fund commitments: $15 million to InterMedia Partners VII; to $30 million to Sofinnova Venture Partners VII; $20 million to VIMAC Ventures IT III; $80 million to AXA Secondary Fund IV (follow-on); $125 million to Hellman & Friedman VI (follow-on); $50 million to Providence […]
NewSmith Capital Partners, a UK-based asset management firm whose platform includes direct private equity plays, has received a $500 million funding commitment from the Wellcome Trust. www.newsmithcapital.com
Battery Ventures today is moving its headquarters from Wellesley, Mass. to Waltham, Mass. www.battery.com
Thoma Cressey Partners is planning to close its Boston office, according to Private Equity Insider. The firm will continue to maintain its Chicago and San Francisco offices, with East Coast interests to be run out of Chicago. David Mayer, a TCP partner who launched the Boston office two years ago, is expected to leave the […]
Sierra Ventures has held a $400 million final close on its ninth fund, according to VentureWire.

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