PE Week Wire — 8/14/06

Apollo Management has raised $2 billion via a public flotation on the Euronext in Amsterdam. The New York-based firm originally planned to raise $2.5 billion, but lowered its sights to just $1.5 billion after tepid aftermarket performance of a $5 billion public vehicle from KKR. The Apollo fund is named AP Alternative Assets.

Onex Corp. (TSX: OCX) has closed its second large-cap private equity fund — Onex Partners II — at US$3.45 billion. Onex committed 41% of the capital, with the remainder coming from outside limited partners.

Amimon Inc., a Santa Clara, Calif.-based fables semiconductor company focused on wireless uncompressed high-def video, has raised $14 million in second-round funding. Stata Venture Partners led the deal, and was joined by Argonaut Private Equity and return backers Cedar Fund, Walden Israel and Evergreen Partners.

    VC Deals

 MeeVee Inc., a Burlingame, Calif.-based provider of online video entertainment search solutions has raised $8 million in third-round funding. Bay Area Equity Fund led the deal, and was joined by return backers Labrador Ventures, Rothschild Ventures and WaldenVC. The news was first reported by TechCrunch.

Microfabrica Inc., a Van Nuys, Calif.-based manufacturer of micro-devices and microsystems, has raised $8 million in Series C funding. Draper Fisher Jurvetson led the deal, and was joined by return backers DynaFundVentures, Partech International, ChevronTexaco Venture Equities, ZoneVentures and Atherton Venture Partners.

Portaga Inc., a White Plains, N.Y.-based provider of a desktop travel booking solutions has raised $5.8 million in Series A funding. Ascend Venture Group led the deal, and was joined by First Round Capital and Cove Harbor Partners.

Zenoss Inc., an Annapolis, Md.-based provider of open-source IT operations management software, has raised $4.8 million in first-round funding. Boulder Ventures and Intersouth Partners co-led the deal, and were joined by Amplifier Venture Partners, the Maryland Department of Business and Economic Development, Frank Bonsal (NEA co-founder) and Michele Perry (SourceFire CMO).

WorkshopLive Inc., a Pittsfield, Mass.-based provider of online guitar lessons, has raised $3.25 million in Series A funding, according to a regulatory filing. Backers include GIV Venture Partners.

Solace Therapeutics Inc., a Carlsbad, Calif.-based developer of non-surgical devices to treat stress urinary incontinence, has raised $3 million in Series B-2 funding, according to a regulatory filing. Shareholders include Spray Venture Partners and Boston Scientific Corp.

Telarix Inc., a Vienna, Va.-based provider of interconnect business optimization and settlement solutions for content providers, has raised $3 million in third-round funding. Return backer Edison Venture Fund led the deal, and was joined by Redshift Ventures.

Passenger Inc., a Los Angeles-based provider of customer outreach management systems for active marketing, has raised $1.83 million in Series B funding led by Shelter Ventures, according to a regulatory filing.

T-Online Venture Fund, the VC arm of Deutsche Telekom, has acquired a 10% stake in FirstGate Holding AS (a.k.a. Click&Buy), a Switzerland-based provider of electronic payment services for digital content. No financial terms were disclosed.

    Buyout Deals


S1 Corp. (Nasdaq: SONE) has sold its FRS unit to The Carlyle Group and Kennet Partners for an undisclosed amount. The business provides global financial institutions with regulatory reporting, compliance and operational risk management solutions.

BIOX Corp., an Oakville, Ontario-based biodeisel producer, has raised $48 million in private equity funding from Birch Hill Equity Partners. Concurrent with the Birch Hill transaction, existing BIOX shareholders invested a further $22 million by way of cash and the conversion of outstanding debentures for an aggregate equity investment of $70 million.

American Capital Strategies has invested an additional $52 million into portfolio company Breeze Industrial Products Corp., a Saltsburg, Pa.