PE Week Wire — 7/13/06

CinemaNow Inc., a Marina Del Rey, Calif.-based online provider of on-demand movies, has raised $20.3 million in Series E funding. EchoStar Communications Corp. and Index Holdings co-led the deal, and were joined by return backers Transcosmos, Cisco Systems, Lionsgate and Menlo Ventures.

JER Partners and Formation Capital have bought Tandem Health Care Inc. from Behrman Capital for $620 million. Tandem is a Maitland, Fla.-based provider of long-term healthcare services. It received an initial $30 million investment from Behrman Capital in 1998, and since has received around $37 million in additional funding to facilitate acquisitions and growth. Citigroup and Merrill Lynch acted as financial advisors to Tandem on the sale.

Chequers Capital, a Paris-based buyout firm focused on unlisted French middle-market companies, has closed its latest fund with