PE Week Wire — 10/19/06

KKR has withdrawn its Au$18.2 billion buyout offer for Australian retailer Coles Myer, after the bid was rejected by Coles Myer's board. The KKR consortium had included Bain Capital, Carlyle Group, CVC Capital Partners, TPG and Pacific Equity Partners. It would have been the largest-ever leveraged buyout of an Australian company.

Xencor Inc., a Monrovia, Calif.-based developer of protein and antibody therapeutics, has raised $45 million in Series E funding. MedImmune Ventures led the deal, and was joined by Novo Nordisk, HealthCare Ventures and return backer Zen Investments. The company has now raised around $130 million in total VC funding since its 1997 inception.

Susser Holdings Inc., a Corpus Christie, Texas-based convenience store chain operator and wholesale fuel distributor in Texas and Okalahoma, priced 6.5 million common shares at $16.50 per share ($16-$18 range), for an IPO take of approximately $107 million. It will trade on the Nasdaq under ticker symbol SUSS, while Merrill Lynch served as lead underwriter. Wellspring Capital Management last year acquired a majority equity stake.

    VC Deals

KeyEye Communications Inc., a Sacramento, Calif.-based fabless semiconductor company that provides connectivity solutions to networking equipment makers, has raised $16 million in Series B-1 funding. Menlo Ventures and American River Ventures participated in the deal, just as they both did on a $15 million Series B round in 2004.

Igglo Oy, a Finland