Shandong Chenming Paper Holdings Ltd. has scrapped its planned sale of a 30% controlling interest to CVC Capital Partners. The deal had been intended to help Shandong Chenming build its own pulp mill, with the company now hoping to borrow $752 million in long-term loans from the China Industrial Development Bank.
Globespan Capital Partners is raising up to $400 million for its fifth fund, according to a regulatory filing. It already has secured $282 million in LP commitments.
Robert Dahl has left The Carlyle Group, where he was a managing director and head of the firm's global healthcare team. No word yet on his future plans. In other Carlyle personnel news, real estate managing director Daniel Cummings is transitioning into a senior advisory role. www.carlyle.com
WiNetworks, an Israel-based provider of WiMax and digital video broadcasting technologies, has raised $11 million in third-round funding. Evergreen Venture Partners was joined by return backers Cedar Fund, Columbia Capital and Rho Ventures. www.winetworks.com
Intrepid Learning Solutions, a Seattle-based provider of training services, has raised $11.7 million in fourth-round funding. FTVentures led the deal, and was joined by return backers like Rustic Canyon Ventures and Madrona Venture Group.
Surf Communication Solutions Ltd., an Israel-based provider of media processing solutions, has raised $8 million in fifth-round funding. Poalim Ventures led the deal, and was joined by return backers like Giza Venture Capital, Pitango Venture Capital and Texas Instruments.
Weather Trends International, a Bethlehem, Pa.-based provider of weather forecasting technology, has raised $4.5 million in Series A funding. Kodiak Venture Partners led the deal, and was joined by Kallander Group and Cooley Godward. www.wxtrends.com
Light Blue Optics Ltd., a
SuiteLing Inc., an Exton, Pa.-based provider of in-room Internet appliance and broadband solutions to the gaming, hospitality and extended stay industries, has raised an undisclosed amount of Series A funding from Zon Capital Partners. www.suiteling.com
KKR and Apollo Management are expected to bid around