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News Briefs

Amit Chandra has resigned as Merrill Lynch & Co.'s top executive in India, in order to pursue unspecified private equity opportunities. www.ml.com
Lehman Brothers has named Michael Tory as head of UK I-banking, just one year after he joined the firm from Morgan Stanley. Former UK banking chief Anthony Fry will focus more on client development. www.lehman.com
Peter Olaynack has joined middle-market I-bank Morgan Joseph & Co. as a managing director of corporate finance. He will maintain offices in both New York and Miami, and previously was a senior managing director with Bear Stearns. www.morganjoseph.com
Linden LLC, a Chicago-based firm focused on mid-market buyouts in the healthcare and life sciences sector, has closed its inaugural fund with $200 million in capital commitments. It other Linden news, the firm has hired former Allegiance Healthcare executive Anthony Kesman as an operating partner. www.lindenllc.com
Concert Pharmaceuticals Inc., a Lexington, Mass.-based developer of small-molecule drugs for unmet medical needs, has raised $48.5 million in Series B funding. Flagship Ventures led the deal, and was joined by Brookside Capital Partners, New Leaf Venture Partners and return backers Three Arch Partners, TVM Capital, Skyline Ventures, Greylock Partners and QVT Fund. www.concertpharma.com
Claymont Steel Holdings Inc. (f.k.a. CitiSteel), a Claymont, Del.-based non-union maker of custom discrete steel plate, has set its proposed IPO terms to 6.25 million common shares being offered at between $15 and $17 per share. It plans to trade on the Nasdaq under ticker symbol PLTE, with Jefferies & Co. serving as lead underwriter. […]
Broadcom Corp. (Nasdaq: BRCM) has agreed to acquire LVL7 Systems Inc., a Morrisville, N.C.
Circle Software Inc., a provider of software solutions for the commercial real estate market, has agreed to merge into Realm Business Solutions Inc., a Houston, Texas-based provider of software and services for managing real estate portfolios. Existing Realm shareholders Insight Venture Partners and Lightyear Capital will provide additional equity for the transaction, although specific financial […]
OnMeta Inc., a Santa Monica, Calif.-based search engine focused on entertainment, has raised $2 million in Series A funding from Draper Associates, First Round Capital and Zone Ventures. www.onmeta.com
Travelguru, an Indian online travel portal, has raised $15 million in venture capital funding from Battery Ventures and Sequoia Capital India. www.travelguru.com
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