Return to search

PE Week Wire — 8/18/06

Vector Capital has agreed to co-invest equally in Francisco Partners' $151 million public-to-private buyout of WatchGuard Technologies Inc. (Nasdaq: WGRD). Vector already controls 9.4% of WatchGuard shares, and had tried to buy out the company before Francisco stepped in. As part of the agreement, Vector will vote its shares in favor of the transaction.

PhotoBucket Inc., a Palo Alto, Calif.-based provider of visual content hosting and publishing services, has expanded its Series B round to $14.17 million. It previously had announced a $10.5 million close led by Trinity Ventures. A regulatory filing indicates that some of the new capital came from an affiliate of Insight Venture Partners and a Colorado-based entity called Red Tail Hawk LLP.

Court Square Capital has closed on over $1 billion for its $2.5 billion-targeted inaugural fund, according to a regulatory filing. The New York-based buyout firm was recently formed by former Citigroup Venture Capital chief William Comfort, and also includes former Citigroup pros like Joseph Silvestri, Ian Highet and David Thomas. UBS Securities and Nikko Cordial Securities are serving as placement agents.

    VC Deals

Renew Data Corp., an Austin, Texas-based provider of electronic evidence and data recovery, said that it has closed its Series C round with $30 million. This space yesterday reported that it had secured $25.55 million of a $41.86 million round, citing a regulatory filing. ABS Capital Partners led the deal, and was joined by return backer CIBC Capital Partners. Renew Data was formed in 2001 by the merger of DSTX Ltd. and Progressive Data Recovery.

Isilon Systems Inc., a Seattle-based provider of clustered storage solutions, has raised $10 million in Series E funding. Return backers include Atlas Venture, Madrona Venture Group and Sequoia Capital. Isilon has raised nearly $70 million in total VC funding since its 2001 inception.

iWin Inc., a San Francisco-based online gaming company, has secured $3.7 million of a $5 million Series C round, according to a regulatory filing. No investor information was disclosed, but past company backers include Clarity Partners, Nazem & Co. and Ridgewood Capital.

FG Microtec, a Germany