PE Week Wire — Friday 1/17

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Englefield Capital, a UK-based middle-market private equity shop launched last May, has closed its inaugural fund with €660 million. The group is run by former Warburg Pincus partner Dominic Shorthouse, who left the private equity giant in November 2000 over a disagreement over the firm’s succession plan. Other Englefield managers include Etienne de Villars (former president of Walt Disney International TV), Eric Walters (former partner at Schroder Ventures), Adam Barron (Warburg Pincus) and Edmund Lazarus (Morgan Stanley Capital).

BCM Technologies Inc. (BCMT), the venture development subsidiary of Baylor College of Medicine (Baylor), announced today the formation of a Venture Advisory Board (VAB) to facilitate investment activity within Baylor and the Texas Medical Center in Houston, Texas. The VAB will include representatives from six of the leading life science venture capital funds including: ARCH Venture Partners, Domain Associates, EuclidSR Partners/S.R. One, Limited, Oxford Bioscience Partners Ltd., Venrock Associates and Versant Ventures.

Kohlberg Kravis Roberts & Co. has reportedly entered the bidding war for UK grocery chain Safeway. Various press reports put the current price tag from competing private equity firms at around $4.85 billion (GBP 3 billion), which would top an already-agreed upon $4.01 billion (GBP 2.48 billion) takeover offer from William Morrison Supermarkets.

GeneOhm Sciences Inc., a San Diego-based developer of chip-based DNA diagnostic disease detection tools, has raised $12.31 million in its third round of venture funding. CHL Medical Partners led the deal, and was joined by previous backer Domain Associates.

Object Reservoir Inc., an Austin, Texas-based developer of petroleum management software, has raised $5.1 million in new funding from existing investors U.S. Venture Partners, Bonaventure Capital and Murphree Venture Partners.

Tessera Diagnostics Inc., a Seattle-based developer of novel early-stage cancer diagnostic tools, announced today the final closing of the Company’s Series A round of financing. Initially targeted at $1.75 million, the deal closed last Friday at $3.23 million.

PrivateEquityCentral.net is reporting that Pequot Ventures has promoted Martin Hale and Aryeh Davis to the position of general partner. Hale was a senior vice president in the group’s infrastructure team since 1997, while Davis has served as the firm’s general counsel since 2000.

Dow Jones is reporting that the government of Taiwan has fined a local venture capital firm and two individuals for illegally investing in mainland China. The VC shop was Prudence Venture Capital Investment, which pumped approximately $3 million into Chinese chipmaker Semiconductor Manufacturing International Corp.
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