Private Equity Week Wire for Tuesday 5/15

NEW YORK — INVESCO Private Capital, a New York-based
venture capital firm, is pleased to announce the closing of the EuroMedia
Venture Fund, a $150 million strategic fund focused on early- and expansion-
stage venture investments in the information technology, communications,
broadband infrastructure, and global commerce industries. The Fund is part of
INVESCO Private Capital’s $530 million Chancellor V pool of direct funds that
closed on March 31, 2001 and is backed by Fininvest of Italy and a group of
European corporate investors in the media and communications industries. The
Fund has already invested $41 million in 16 portfolio companies.


SAN FRANCISCO — vVault, a leading developer of platform
technology for mobile productivity applications, today announced that it has successfully secured
$3 million in the close of its Series C preferred equity financing. Lead investors Bluefish
Ventures and Biscom, Inc. were joined by venture capital firms Gerard, Klauer, Mattison & Co.,
XL Ventures, and Washington Investment Partners. In addition, the financing group included
notable private investors Mark Patterson (Vice Chairman, Credit Suisse First Boston), Jack
Hennessy (Former Chairman, Credit Suisse First Boston) and Leo Hindery (Chairman, HL
Capital).

PARSIPPANY, NJ — Creditek LLC, the leader in Order-to-Cash
Cycle Outsourcing and Enterprise Receivables Management, has completed a $30 million
investment from General Atlantic Partners LLC, the world’s largest private equity firm with
an exclusive focus on investing in information technology and telecommunications
businesses globally. The new investment will provide Creditek with additional capital to
fund its growth strategy.

The funds will be used to complete Creditek’s technology, operating infrastructure and
service offerings for the rapidly growing order-to-cash cycle segment of the global
Business Process Outsourcing marketplace. Creditek serves Fortune 1000 class clients,
and has been the US leader in receivables management outsourcing since its founding in
1982. From its base in the U.S., Creditek is rapidly expanding its international activities with
clients in Europe and Latin America. Creditek attributes its competitive success to its focus
on quality, and its continuous development of a proprietary knowledge base, best
practices, and leading edge technology.

BOSTON & MENLO PARK, CA — TA Associates, one
of the nation’s leading private equity firms, today announced the completion of a $57.5
million investment in EYP Mission Critical Facilities Inc., the leading company protecting
critical business data, communications, and power systems from failure.

As part of the transaction, TA and several EYP management executives purchased the
Mission Critical Facilities business from Einhorn Yaffee Prescott Architecture &
Engineering, PC. EYP Mission Critical Facilities(R) specializes in supporting the technical
needs of high reliability/high uptime facilities for clients including American Express, AT&T,
Exodus Communications, Fidelity, Merrill Lynch, Salomon Smith Barney and Schwab.

ACTON, MA — LifeClips Inc., a provider of home
Videotape to DVD Conversion Services, today announced it has secured a total of $12.2
million in second round financing led by St. Paul Venture Capital.

REDWOOD CITY, CA — Draper Fisher Jurvetson, a
leading early stage information technology venture capital firm, announced today the
funding of IQ Labs of Hayward, California.

IQ Labs is the leading provider of enterprise software that automates and simplifies
provisioning of telecommunication and data communication resources, in the context of
the workforce. IQ Labs’ multi-platform, change management software dramatically reduces
operating costs by empowering corporations to have greater control and the ability to
manage enterprise-wide communications resources in real time. This optimizes resource
utilization and increases workforce productivity. IQ Labs software enables seamless
transition to wireless communications platforms, IP telephony, and directory service-centric
resource management.

MCLEAN, VA — Mohr, Davidow Ventures and Novak Biddle Venture Partners announced a $6.3 million investment today in Zagros Networks, a newly formed company out of the University of Maryland developing technology to break through the performance bottlenecks of packet switched networks. Zagros will use the funding for product development, hiring and related business operations.
The company, founded by the University of Maryland