Freescale Semiconductor Inc. (NYSE: FSL) is on the block for more than $16 billion, according to The New York Times. The report says that an initial bid came from a consortium that includes The Blackstone Group, Permira, Texas Pacific Group, Carlyle Group and Bain Capital. Then a second, higher, bid came from KKR and Silver Lake Partners, which could try merging Freescale with Philips Electronics' semiconductor unit. www.freescale.com
Linux NetworX Inc., a Bluffdale, Utah-based supercomputing company, has raised $37 million in third-round funding. Lehman Brothers and Canaccord Adams were joined by return backers Oak Investment Partners and Tudor Ventures. www.linuxnetworx.com
FTI Consulting Inc. (NYSE: FCN) has agreed to acquire FD International Ltd. (a.k.a. Financial Dynamics), a UK-based business communications firm controlled by Advent International. The deal is valued at approximately $260 million, including $215 million in cash, $20 million in notes and deferred purchase obligations and $25 million of restricted FTI stock. To finance the acquisition of FD, FTI plans to offer $215 million of senior unsecured notes. www.fticonsulting.com www.fd.com
VC Deals |
Bubble Motion Pte Ltd., an India-based provider of short-voice messaging services, has raised $10 million in venture funding from Sequoia Capital and Sequoia Capital India. www.bubblemotion.com
Hi-G-Tek Inc., a Rockville, Md.-based provider of RFID products for monitoring and controlling high-value physical assets and sensitive materials, has raised $10 million in its first round of pure venture capital funding. L Capital Partners led the deal, and was joined by Battelle Ventures and Battelle affiliate Innovation Valley Partners. www.higtek.com
Aquarius Technologies Inc., a
Provade Inc., a San Mateo, Calif.-based provider of managed procurement solutions, has raised $5.2 million in Series C funding, according to a regulatory filing. Backers include Altos Vetures and ZAD Global Fund. www.provade.com
ZafGen Inc., a Cambridge, Mass.-based developer of an obesity therapy based on the vascular targeting of adipose tissue, has raised around $5.175 million in first-round funding, according to a regulatory filing. Backers include Atlas Venture and GreatPoint Ventures. www.zafgen.com
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Freescale Semiconductor Inc. (NYSE: FSL) is on the block for more than $16 billion, according to The New York Times. The report says that an initial bid came from a consortium that includes The Blackstone Group, Permira, Texas Pacific Group, Carlyle Group and Bain Capital. Then a second, higher, bid came from KKR and Silver Lake Partners, which could try merging Freescale with Philips Electronics' semiconductor unit. www.freescale.com
Telecom Italia SpA is considering the sale of its Telecom Italia Mobile (T.I.M.) unit, which reportedly could be worth over $44 billion. www.telecomitalia.com
Ripplewood Holdings and VideoCon of
Vestar Capital Partners has agreed to acquire MediMedia USA Inc. from The Carlyle Group, Apax Partners and Cinven. No financial terms were disclosed. MediMedia USA USA was the core of a broader package of healthcare and business publications activities acquired from Vivendi Universal Publishing in April 2002 Carlyle Group, Apax and Cinven. www.medimedia.com
Fenway Partners has sponsored a management buyout of RoadLink USA Inc., a Chicago