PE Week Wire — 9/7/06

Thoma Cressey Equity Partners has agreed to acquire Embarcadero Technologies Inc. (Nasdaq: EMBT), a San Francisco-based provider of strategic data management solutions. The deal is valued at approximately $234 million, or $8.38 per share (29% premium to yesterday's closing price), and is expected to close by year-end. Morgan Stanley advised Embarcadero on the deal.

Applied Predictive Technologies, an Arlington, Va.-based provider of test & learn software and solutions for the retail, consumer goods and financial services markets, has raised approximately $54 million in private equity funding from Accel-KKR.

Bob Boldt has stepped down as president, CEO and CIO of the University of Texas Investment Management Co. (UTIMCO). No word yet on his future plans, beyond a “return to the private sector.” UTIMCO is planning to form a search committee for Boldt's successor, with Cathy Iberg named as interim president.


    VC Deals

Paras Pharmaceuticals Ltd., a Gujarat, India-based developer of OTC healthcare and personal care products, has raised $42 million in private equity funding from Actis.

Virobay Inc., a San Francisco-based virtual biopharma company, has secured $5.47 million of a $31.5 million Series A round, according to a regulatory filing. Backers include TPG Biotechnology Partners, Sutter Hill Ventures and Alta Partners. Executives include Stephanie Marrus (formerly with Vertex Pharma) and Kyle Elrod (formerly with Roche Palo Alto). TPG principal Heather Preston also is listed as an executive officer.

Swoozie's Inc., an Atlanta-based specialty gift and paper retailer, has raised around $14 million in Series A funding. Northwood Ventures and TWJ Capital co-led the deal, and were joined by BEV Capital. Thomas Weisel Partners served as placement agent.

TNR Entertainment Corp., a Houston, Texas