PE Week Wire — 9/15/06

Amicus Therapeutics Inc., a Cranbury, N.J.-based drug company focused on genetic diseases like Fabry disease, has raised $60 million in Series D funding. New Enterprise Associates led the deal, and was joined by Och-Ziff Capital Management and return backers Canaan Partners, CHL Medical Partners, Frazier Healthcare Ventures, Palo Alto Investors, Prospect Venture Partners, Quaker BioVentures and Radius Ventures. Amicus has now raised $146.5 million in total VC funding, including a $55 million Series C round at a $111 million post-money valuation. It withdrew a proposed IPO last month, citing poor market conditions.

Nortel Networks is nearing an acquisition of Force10 Networks Inc., according to an interview with Susquehanna Financial Group analyst Joe Chiasson in The Deal. Force10 is a Milpitas, Calif.-based provider of 10-Gigabit Ethernet switching and routing solutions, and recently raised Series F funding at a pre-money valuation of around $420 million. Overall, the company has raised over $300 million in VC funding from firms like NEA, Crosslink Capital, U.S. Venture Partners, Pacesetter Capital Group, Morgenthaler Ventures, Meritech Capital Partners and Worldview Technology Partners.

Nautic Partners of Providence, R.I. is raising up to $1.2 billion for its second private equity fund since becoming the independent successor to Fleet Equity Partners. The fund's official name is Nautic Partners VI. Credit Suisse is serving as placement agent. 

    VC Deals

Command Information Inc., a Herndon, Va.-based provider of Internet protocol version 6 (IPv6) consulting and product development services to Fortune 1000 and government customers, has raised $16 million in Series B funding, according to a regulatory filing. Paladin Homeland Security Fund was joined by return backers Novak Biddle Venture Partners, Carlyle Venture Partners and Blue Water Capital.

Aristos Logic Corp., a Foothills Ranch, Calif.-based provider of RAID storage processor technology, has raised $15 million in Series F funding, according to a regulatory filing. Return backers include JPMorgan Partners, TPG Ventures, Woodwide Fund and QTV Capital. Aristos Logic now has raised over $85 million in VC funding since its 2000 inception.

Prism Pharmaceuticals Inc., a King of Prussia, Pa.-based developer of acute care cardiovascular products, has secured $15 million of a $30 million Series B funding, according to a regulatory filing. Backers include Essex Woodlands Health Ventures and Shah Investors.

S5 Wireless, a Draper, Utah