Clayton Dubilier & Rice has put UK food distributor Brakes PLC on the block for around $1.2 billion, according to Dow Jones. The auction will be run by JPMorgan and Deutsche Bank.
The Pennsylvania State Employees' Retirement System today will vote on commitments recommendations for the following funds: Insight Ventures VI, Avenue Special Situations Fund V and OCM Opportunities Fund VII. It also will vote on interview recommendations for Asia Alternatives Capital Partners, Highland Consumer Fund I and SB Energy Partners. www.sers.state.pa.us
Tom Huseby and Keith Krach have joined Voyager Capital as strategic partners. Huseby will focus on wireless opportunities, while maintaining his managing partner role with SeaPoint Ventures and existing relationships with Oak Investment Partners and Hunt Ventures. He co-founded Metawave Communications Corp. and was the first president and CEO of Innova Corp. Krach co-founded Ariba […]
Cerberus Capital Management has hired former Chrysler COO Wolfgang Bernhard as a fulltime advisor, according to The Financial Times. Cerberus is among those interested in acquiring Chrysler.
Travelport Ltd. said today that it plans to sell part of its online travel-booking subsidiary Orbitz via an initial public offering. No specific size or price details have yet been determined. Blackstone Group and Technology Crossover Ventures bought Travelport from Cendant earlier last year for $4.3 billion, and later agreed to added on PE-backed Worldspan […]
Amadeus Capital Partners, a UK-based venture firm focused on European technology companies, has closed its third fund with over $310 million in capital commitments. Limited partners include Access Capital Partners, Adams Street Partners, Alpinvest Partners NV, Bank of Scotland, Capital Dynamics, European Investment Fund, Parish Capital Advisors Europe, Pantheon Ventures and Partners Group. www.amadeuscapital.com
Amimon Inc., a Santa Clara, Calif.-based fabless semiconductor company focused on wireless uncompressed high-def video, has raised an undisclosed amount of strategic funding from Motorola Ventures. Last August, it had raised $14 million in second-round funding from Stata Venture Partners, Argonaut Private Equity and return backers Cedar Fund, Walden Israel and Evergreen Partners. www.amimon.com
Slacker Inc., a San Diego-based provider of a personalized online music service, has raised $13.5 million in startup funding from Austin Ventures, Mission Ventures and Sevin Rosen Funds. www.slacker.com
NTelos Holding Corp. (Nasdaq: NTLS), a Waynesboro, Va.-based provider of wireless and wireline communication services in Virginia and West Virginia, has registered for a $230 million secondary offering of common stock. All of the shares are being offered by Citigroup Venture Capital Equity Partners and Quadrangle Capital Partners. Bear Stearns and Lehman Brothers are serving […]
Vincent Miles has joined Abingworth Management as a Waltham, Mass.-based venture partner. He most recently served as senior vice president of business development with Abingworth portfolio company Alnylam Pharmaceuticals (Nasdaq: AMLN). www.abingworth.com