Private Equity Week Wire for Tuesday 7/17

CAMBRIDGE, MA — MPM Capital announced today that it co-led the founding investment in Critical Therapeutics, Inc., a startup
biotechnology company focused on the development of therapeutic products for critical care medicine (e.g. acute inflammation, trauma etc). The $10 million Series A financing was
co-led with HealthCare Ventures, a leading venture capital firm focused on innovative biotechnology companies. The funds will be used primarily to advance the company’s lead
products into clinical trials.

SOUTHPORT, CT — Jeffrey S. Muti has joined Dailey Capital Management LP as a Managing Director.
Dailey Capital Management is a private equity firm that organizes and manages leveraged buyout and growth capital investments in the lower middle market.
Muti joined Dailey Capital from Lincolnshire Management, Inc., a New York City based leveraged buyout fund focused on middle market companies, where he was a Managing
Director. At Lincolnshire he was responsible for transaction origination, contract negotiation, due diligence, financing and ongoing portfolio management and divestitures. Prior to his
affiliation with Lincolnshire, Muti founded a middle market merger and acquisition services and consulting firm.
As an independent consultant, Muti provided onsite operational expertise to various Lincolnshire portfolio companies, which resulted in significant improvement in their
performance.
Earlier in his career, Muti was a senior manager at Deloitte Consulting, assisting middle market companies in a range of industries both in the U.S. and internationally in strategic
planning and margin improvement.

PORTLAND, OR — SupplyChainge, a provider of integrated process and software solutions in supply chain management for the softgoods industry, today announced that it has raised $2
million from TSG Equity and private investors Catherine James Paglia, John W. Castles, Marti G. Subrahmanyam, Lynwood W. Swanson and Warren C. Smith Jr.

ALVISO, CA — ProactiveNet Inc., the leading provider of operations performance assurance solutions for Web applications, announced
today that it closed a $15 million round led by Wit Soundview Ventures, a leading technology investment bank, and has also received funding from Sun Microsystems, a leading
provider of software, hardware and services that power the Internet. The new funding, in addition to previous investments from Crosspoint Venture Partners, Sevin Rosen Funds,
Oak Investment Partners and others, brings the total capitalization to $50 million, and makes ProactiveNet one of the best funded software companies in the infrastructure management
space. The funds will be used for R&D, international expansion, and channel development.

ROSEMONT, IL — Comdisco Inc. (NYSE: CDO) announced today that, as a result of the strategic review commenced in April, it has reached a definitive agreement with Hewlett-Packard Company to
sell substantially all of its Availability Solutions (Technology Services) business for $610 million. The sale includes the purchase of assets of Comdisco’s U.S. operations and the
stock of its subsidiaries in the United Kingdom, France and Canada. The sale excludes the purchase of the stock of subsidiaries in Germany and Spain, as well as other identified
assets, including Network Services and IT CAP Solutions. In addition to the sale of its services business, Comdisco is continuing to pursue other strategic alternatives to create value
for its stakeholders, including evaluating the possible sale of certain of its leasing assets to several interested buyers. Simultaneous with entering into the Hewlett-Packard transaction, Comdisco announced that the parent company and 50 domestic U.S. subsidiaries have filed voluntary petitions for
relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois. This filing will allow the company to provide for an orderly
sale of these assets, which will be subject to higher or otherwise better bids in a bankruptcy court auction process, while resolving short-term liquidity issues and enabling the
company to reorganize on a sound financial basis to support its ongoing businesses. To facilitate the company’s ongoing evaluation of its leasing businesses, the company said that it
had filed a motion seeking the approval of bidding procedures to conduct a sale auction process for one or more of its leasing business units. The company also announced its intention
to reorganize its remaining businesses, including Comdisco Ventures group, on a “fast-track” basis and has targeted emergence from chapter 11 during early 2002.


BOTHELL, WA — Prolinx Inc. announced today the
closing of a $16.8 million preferred stock offering.

Prolinx will utilize the funds primarily for new product releases, including a protein
microarray product line and a series of molecular interaction analysis systems for
label-free detection in bioresearch and drug discovery. New investors participating in the
financing included Stephens Group and Wheatley Partners. Existing investors
Tullis-Dickerson, BA Venture Partners, Axiom Venture Partners, Technology Funding,
Javelin Capital, MDS Ventures Pacific and Sofinnova Ventures also participated.

ATLANTA — Viewlocity, a global provider of supply chain event management (SCEM) software and services that help companies respond in real time to events along global supply chains,
announced today the appointment of Jeffrey Simpson as chairman and chief executive officer as well as the closure of an initial commitment of $30 million in funding from new and
existing investors. New investor Liberty Mutual joined existing investors Battery Ventures, BCI Partners, Banc Boston and JP Morgan Capital Partners (formerly The Beacon Group) in committing
funding to Viewlocity. Viewlocity plans to use the funding for continued expansion of its sales, marketing and product development efforts. Viewlocity has been identified as a leader
in the SCEM marketplace providing solutions to Global 1000 companies such as Ryder, DHL and Lockheed Martin. Mr. Simpson, a 25-year veteran of the software industry, most recently held the position of CEO at MH2 Technologies; a Dallas based technology company. Prior to that, Mr. Simpson served as executive vice-president, e-business for i2 Technologies, having moved from his role as chairman and CEO of Gallery Capital Inc. – a venture capital company specializing in early stage technology companies. Mr. Simpson also spent 10 years at Oracle Corporation in several senior executive positions. In addition, Mr. Simpson has served as a member of the Board of Directors for a number of technology companies. His early career was spent at IBM. Mr. Simpson has been appointed to lead Viewlocity’s global operations.

SAN FRANCISCO — Blueprint Ventures, one of Silicon Valley’s leading next-generation venture capital firms, announced today that Brian
Kinard has joined as partner to lead the firm’s intensified focus on the fiber optics sector.
Brian Kinard has a 15-year career in the communications industry and brings deep technology experience in the optics components and systems areas. Prior to joining Blueprint
Ventures, Brian was Vice President of Business Development and General Counsel at Avanex Corporation (Nasdaq:AVNX), a developer of optical components and photonic
processors for the telecommunications industry. Brian helped build Avanex, a start-up backed by several leading VCs, into a leading public company in the optical communications
sector.

CONCORD, MA — Kodiak Venture Partners, a seed and early stage venture capital firm focused on communications, semiconductor and
software opportunities, today announced that Lou Volpe, General Partner, will direct the firm’s software practice. Established to uncover emerging enterprise, technical, web
infrastructure and wireless software companies and help build them into market leaders, the practice was created as a result of the partners’ experience in software and their ability to
offer value to developing organizations. Mr. Volpe is charged with managing current software investments and identifying future investment opportunities, as well as growing
companies by assuming active roles in management and boards of directors.
Before joining Kodiak, Mr. Volpe was the President, Chief Operating Officer and a Director of ArrowPoint Communications where he was responsible for all of ArrowPoint’s
functional organizations and focused on rapidly growing its worldwide operations. Under Mr. Volpe’s direction, ArrowPoint had a successful IPO in March 2000 and was acquired
by Cisco Systems for $5.5 billion in June 2000. ArrowPoint’s products offered a unique software environment that allowed websites to be more responsive as well as more
personalized.

WALTHAM, MA — GiantLoop Network Inc., the leading provider of Enterprise Optical Networking services and technology, today
announced that Andrew Hajducky has joined the company as chief financial officer. In this capacity, Hajducky will set and manage the company’s financial strategy and oversee
GiantLoop’s finance and accounting teams.

WOBURN, MA — SELECT Therapeutics Inc. (AMEX:
XZL) and its joint venture partner, Cytomatrix LLC, today announced the award of an
additional $200,000 in grant funding from the National Science Foundation (NSF) to
continue to advance the Company’s novel stem cell expansion bioreactor and storage
system for umbilical cord blood. Scientific research over the past few years has shown that
umbilical cord blood contains stem cells that may be useful in bone marrow
transplantation, but that there are generally too few stem cells found in a cord blood
sample to be of practical utility in most bone marrow transplants. The advent of a system
that is able to expand the number of such stem cells may open the door for wider
application of this important material.


ENGLEWOOD CLIFFS, NJ — Perpetual Link Inc., a pioneer in
remote group communications solutions, announced that Pitango Venture Capital has
taken a stake as lead investor in the company. The funding comes at the end of a
successful first year, in which the company developed the RemoteAbility(TM) Platform to
support the evolving Mobile Relationship Management (MRM) industry. The platform is the
telecommunications industry’s first solution that enables teams with remote members to
mimic a natural communication dynamic. The funding will be used to accelerate service
deployment.

For yesterday