Private Equity Week Wire

BALTIMORE — Sterling Venture Partners, an early-stage
venture capital fund targeting telecommunications, information technology, business
services, e-commerce, education and healthcare technology, today announced that Brian
Hirsch has joined the firm as a principal.

Sterling managing partner Eric Becker said Hirsch would work out of the firm’s Chicago
office for several months before relocating to the Baltimore office later this summer. Hirsch joins Sterling Venture Partners from ABN AMRO Private Equity (AAPE) in Chicago,
where he was vice president of the U.S. venture capital group of one of the world’s largest
banks. At ABN AMRO, Hirsch focused on emerging software and communications-related
investments. He serves on the board of ecomXML and is an active board observer at
Corechange.


MINNEAPOLIS — Myocor Inc., a clinical evaluation stage medical
company, announced today that it has completed an $18.75 million private placement of
preferred stock, led by St. Paul Venture Capital, St. Paul, Minn. Additional venture capital
firms participating in this financing round included: Alta Partners, San Francisco, Calif.;
Affinity Capital Management, Minneapolis; Coral Ventures, Minneapolis; and Institutional
Venture Partners, Menlo Park, Calif.

NEW YORK — Merrill Lynch (NYSE: MER) today
announced that its Vice Chairman, John L. Steffens, will retire on June 15 after a 38-year
career with the company.

Mr. Steffens will pursue his long-standing passion for private investing by launching an
investment management venture for the ultra-high net worth market. Mr. Steffens’ new venture will provide alternative investment management and advice
covering a full spectrum of hedge funds and private equity investing. He has chosen as
his principal advisor J. Ezra Merkin, who has 15 years’ experience managing a family of
successful hedge funds and providing advice in alternative investment strategies. Mr.
Merkin currently manages approximately $2 billion in his funds and chairs the investment
committees of two large private endowments in New York City.

WASHINGTON — Portview Communications Partners LP, an international venture capital fund specializing in
communication technology, today announced it has established an U.S. presence.

Pentaport Venture Advisors, located in Washington D.C., will support Portview and its
U.S.-based portfolio companies, help the fund’s non-U.S. based portfolio companies to
penetrate American markets and identify new investment opportunities for the fund.

WASHINGTON — Crosspoint Venture Partners 1999 filed to
sell 550,000 shares of the common stock of Websense Inc. (WBSN), according to
a Form 144 released Wednesday by the Securities and Exchange Commission.

Crosspoint filed as an affiliate of Websense.

Crosspoint listed April 27 as the approximate date of sale for the
shares, which have a market value of about $6.6 million, according to the
filing.

The filing listed Chase H&Q as the broker for the sale.

Based in San Diego, Websense provides employee Internet management
products that enable businesses to monitor, report and manage how their
employees use the Internet.

RESEARCH TRIANGLE PARK, NC — MDeverywhere,
the mobile computing platform providing tangible financial and clinical value to healthcare
providers through point-of-care productivity tools, today announced it has raised $15
million in equity financing from Schroder Ventures Life Sciences, a leading venture capital
firm focused exclusively on life sciences, InvestCare Partners, a venture capital firm
exclusively making healthcare services and technology investments, Trellis Health
Ventures and existing investors Advent International, Acacia Venture Partners and Monarch
Partners.

STOCKHOLM — In a directed new share issue to
AB Novestra, Novestra has acquired 30% of the recently founded company 34 Networks
AB.

34 Networks is specialised in developing IP based solutions for a wider supply of services
(voice, data, video) in the new generation’s fixed and mobile networks. The company’s
solutions will be based on products from a few selected vendors. An essential part of the
company’s business consists of commissioned strategy analyses from major clients in
Europe and the U.S. and it is within this area that the company has been granted its first
commissions.


ARLINGTON, VA — New Horizons Venture Capital, a leading
Mid-Atlantic-based venture capital firm, has announced that it has increased its stake in
Boston-based ONEWORLD Software Solutions, Inc. This latest financing round of $4
million, in which New Horizons was joined by Advent, Citicorp, and Foursan, will fuel the
company’s rapid growth. ONEWORLD partners with Internet software providers to help
them rapidly define, design, develop and deploy Internet, wireless and enterprise products.
A leader in the emerging software development outsourcing market, the company offers to
its partners risk-sharing, technical excellence, speed, and scalability as well as
domain-specific knowledge in e-commerce, financial services,
telecommunications/wireless, health care and manufacturing.

MUNICH — Apax Partners announced today the appointment of Prof. Dr. Kai Deusch, 43, as a Director.
Professor Deusch has 15 years experience in clinical practice and research. In 1996 he
joined the management consultancy, McKinsey & Company, and in 1999 he founded the
Medicis Group, a specialist healthcare and life sciences venture capital company.

For yesterday