Private Equity Week Wire

NEW YORK — Hypnotic and Nibblebox announced today that
they have completed their merger and closed a significant round of financing,
led by Hypnotic’s initial investor Vivendi Universal, the second largest media
company in the world, and the media group of Dresdner Kleinwort Capital, the
private equity arm of the investment bank, Dresdner Kleinwort Wasserstein.
Nibblebox’s initial investors, Knowledge Universe, Windsor Media and
Entertainment Media Ventures, also participated in the round.

SAN FRANCISCO — MeVC Draper Fisher Jurvetson Fund I (NYSE:
MVC), an information technology venture capital fund providing individual investors access
to venture capital investments, today announced a $5 million Series C investment in
Actelis Networks, a provider of ultra high-speed transport systems over ordinary copper
pairs. Other investors in the round, currently totaling $33 million, include Carlyle Venture
Partners, New Enterprise Associates, U.S. Venture Partners, Walden International, Global
Catalyst Partners and Vertex Management.

Actelis Networks is the first company to radically boost the speed, range, and reliability of
copper local loop facilities to achieve fiber performance and quality. Actelis is pioneering a
new era of broadband transport that enables local carriers and service providers to rapidly
deliver high-speed, high-value services over existing copper assets.

SAN DIEGO — Genicon Sciences Corp., developer of advanced technology that enables the simple, ultra-sensitive and cost-effective analysis of biological interactions, completed the company’s second closing of Series D financing totaling $5 million. The first round closed on May 2 and totaled $27 million. Participating investors in secondround are TVM Life Science Ventures and IngleWood Ventures, L.P.

The funding will allow Genicon Sciences to continue developing itsmulti-application and platform RLS (Resonance Light Scattering) Technology(TM) and more rapidly commercialize it for use during the drug discovery, research and development processes. RLS Technology(TM) is an ultra-sensitive signal generation, multi-application platform and detection technology for the simple and efficient detection, measurement and analysis of biological interactions.

TEMPE, AZ — DevelopOnline Corp. Wednesday
announced that it has received $11 million in its second round of financing.

DevelopOnline investors include Carlyle Venture Partners, an affiliate of The Carlyle Group,
and 3i, both of which provided first-round funding. Joining for second-round funding is
global distributor, Avnet(a) Inc. (NYSE: AVT).

STAMFORD, CT — Alliant Resources Group Inc., a rapidly expanding insurance brokerage and financial services distribution
company with an aggressive nationwide acquisition strategy, reported the completion of a $65 million senior credit facility led by Heller Financial, Inc. Other leading investors participating in the facility include La
Salle Bank National Association, The Provident Bank and General Electric Capital Corporation.
This credit facility, in combination with the equity and subordinated debt participation of GTCR Golder Rauner, LLC, a private equity firm managing over $4 billion, will
provide Alliant with an additional $165 million of capital for future acquisitions and working capital needs. Projected nationwide growth based on a sound acquisition strategy leads Alliant to
anticipate revenues of between $150 million to $200 million within the next two years. The company simultaneously announced that it has acquired San Diego based Robert F. Driver Co., Inc., one of the largest independent
insurance brokerage firms on the West Coast, with revenues of $56 million for the year 2000.

LONDON — FlightTime, a global provider of aircraft charter services, today announced it has raised $25 million in its second round of funding, an indication that investors see FlightTime as
a successful company increasing the charter market.
FlightTime has created innovative travel products that businesses and individuals use as alternatives to commercial airline service and aircraft ownership.
The round was led by Amerland Holdings Corporation, of the Latsis Group, a diversified multinational conglomerate with interests in the business aviation industry, while
Southeast Interactive Technology Funds, Axxon Capital, Covestco-Seteura, LLC and BancBoston Ventures–the four firms that participated in last year’s first round–also
participated. To date, FlightTime has received a total of $35 million in outside investment. FlightTime, founded in 1985, first sought outside investment last year so that it could
invest in new technologies and products.

TAMPA, FL — Hyde Park Capital Advisors, LLC (Hyde Park Capital),
a Tampa-based, technology-focused investment banking firm and member of the NASD
and SIPC, today announced the successful completion of a $14 million private equity
offering on behalf of its client, Decision Management International, Inc. (DMI) of Bradenton,
Florida.

As the exclusive placement agent for DMI, Hyde Park Capital, the broker/dealer subsidiary
of Hyde Park Capital Partners, LLC, raised equity capital from a blue-chip list of private
equity firms led by MedEquity Investors, LLC and Halpern, Denny & Co. Peter R. Gates,
managing director of MedEquity, and George P. Denny, III, partner of Halpern, Denny, will
join the DMI board of directors.

WORCESTER, MA — In a sign of continued strong support for emerging technologies in life
sciences, Blackstone Technology Group, Inc., a pioneer in high-throughput
computing software and services, today announced the closing of $12.6 million
in Series B venture financing led by Ampersand Ventures. Co-investors included
SOFTBANK INVESTMENT CORPORATION, Garfly Invest AG, Itochu International, and
Synopsys, Inc.

The financing announcement follows a series of high-profile client wins for
Blackstone in life sciences, with several large biotech and pharmaceutical
companies embarking on high-throughput computing projects supported by
Blackstone’s software and service offerings.

SAN FRANCISCO — Epicentric Inc., a leading provider of
next generation portals, E-Business Network solutions, today announced that Motorola,
Inc. (NYSE:MOT) has made an equity investment in Epicentric. The investment was made
by Motorola Ventures, the strategic venture capital arm of the global communications and
embedded electronics company.

RICHARDSON, TEXAS — TelOptica Inc. announced today
that SG Cowen Ventures Fund I, an employee investment fund sponsored by SG Cowen
Securities Corporation, has invested $2 million in the optical network software developer.

This investment completes the second round of financing for the company at $15.2 million.
TelOptica’s funding from two rounds now totals more than $21 million.

After conducting its due diligence, including interviews with customers and executives
along with a review of the product roadmap, SG Cowen Ventures decided to join other
second round investors Trellis Venture Partners, Austin Ventures, CenterPoint Venture
Partners, and SSM Ventures as a backer of the company.

MENLO PARK, CA — Matrix Partners announced today that Bob Lisbonne will join Matrix as a general partner later this month.
Since 1999, Lisbonne has been a general partner with Crosspoint Venture Partners. At Crosspoint, Lisbonne focused on early stage investments in software and related
companies. Prior to Crosspoint, Lisbonne was Senior Vice President and General
Manager of Browser Products at Netscape. Before that he was Vice President of Marketing
at Collabra Software, which was acquired in 1995 by Netscape. Previously, Lisbonne was
Director of Integrated Products at Claris and a co-founder of Pacific Coast Software. Earlier
in his career, he was an investment banker specializing in high technology companies at
Goldman Sachs.

For yesterday