PE Week Wire — 8/8/06

Aramark Corp. (NYSE: RMK) has agreed to an $8.3 billion buyout led by CEO Joseph Neubauer, and including private equity firms GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus. The deal will provide Aramark shareholders with $33.80 per share in cash, and includes the assumption of approximately $2 billion in debt. The same group had offered $32 per share earlier this year. Leverage will be provided by J.P. Morgan Chase and Goldman Sachs.

Legend Natural Gas III has been formed to acquire, develop and exploit onshore natural gas properties in and around South Texas. It is capitalized by a $200 million commitment from Carlyle/Riverstone Global Energy & Power Fund. The fund also has an at-cost option to provide an additional $100 million.

Steven Laub has been named president and CEO of Atmel Corp. (Nasdaq: ATML), a San Jose, Calif.-based semiconductor company. Laub has served as an Atmel director since February, and most recently served as a technology partner with Golden Gate Capital. He succeeds George Perlegos, who was fired after an investigation into allegations regarding the misuse of corporate travel funds. Atmel also terminated executive VP Gust Perlegos, general counsel Michael Ross and VP of planning and information systems Mikes Sisois.

    VC Deals

TolerRx Inc., a Cambridge, Mass.-based drug company focused on the immune system, has expanded its Series D round to over $61 million, according to a regulatory filing. The company announced an initial close on $31 million back in March 2005, which had followed the withdrawal of a proposed IPO. Company shareholders include Artal Services NV (Belgium), Bear Stearns, Genentech, Healthcare Ventures, Rho Ventures, Skyline Ventures, Sprout Group and V-Sciences Investments (Singapore).

NanoBio Corp., an Ann Arbor, Mich.-based biotech company, has raised $30 million in private equity funding from Perseus LLC. The capital is tranched-out, and will be used to support a clinical pipeline that includes topical anti-infective products and vaccine candidates.

Trapeze Networks Inc., a Pleasanton, Calif.-based provider of WLAN infrastructure solutions, has raised $30 million in Series D funding, according to VentureWire. Backers include Accel Partners, Redpoint Ventures, Oak Investment Partners, Motorola, Castile Ventures and DAG Ventures.

Ruckus Network, a Herndon, Va.-based provider of multimedia entertainment networks for college students, has raised $13.7 million in second-round funding. Backers include Battery Ventures, Eastward Capital, Pinnacle Ventures and Shelter Capital. Ruckus also named former Napster COO Michael Bebel as its new CEO.

OrthoClear Holdings Inc., a San Francisco