Targanta Therapeutics Inc., a Cambridge, Mass.-based developer of antibacterial agents, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol TARG, with Credit Suisse serving as lead underwriter. The company has raised $85 million in total VC funding since its 1997 inception, including a $70 million Series C […]
Prestbury has agreed to acquire a portfolio of 21 private hospitals across the UK from Capio AB, a portfolio company of Apax Partners and Nordic Capital. The portfolio is valued at
JPMorgan has launched a private equity fund services business in the UK, which will focus on both Europe and the Middle East. It will offer fund administrations services, including investor tracking, fund accounting, tax support services and investor reporting. It also will provide portfolio administration services to limited partners. www.jpmorgan.com
Stroock & Stroock & Lavan LLP said that former corporate partners Doron Lipshitz and Patricia Perez and restructuring partners Gerald Bender and Michael Sage have taken jobs with O'Melveny & Myers LLP. www.omm.com
Primedia Inc. (NYSE: PRIM) has agreed to sell its 70-title Enthusiast Media division to Source Interlink Cos. for approximately $1.2 billion. Primedia is controlled by KKR, while Source Interlink is controlled by Yucaipa Cos. www.primedia.com
eProject, a Seattle-based developer of collaborative project and portfolio management software, has raised $12 million in Series B funding. Bay Partners led the deal, and was joined by return backer Kennet Partners. www.eproject.com
ScanScout Inc., a Cambridge, Mass.-based developer of software for inserting contextual advertising into Internet video, has raised $7 million in second-round funding. General Catalyst Partners led the deal, and was joined by return backers First Round Capital and angel Ron Conway. www.scanscout.com
Power Challenge AB, a Sweden-based publisher of online multiplayer sports games, has raised $8 million in first-round funding from Benchmark Capital. www.powerchallenge.com
Alcatel-Lucent (NYSE: ALU) has agreed to acquire NetDevices Inc., a Sunnyvale, Calif.-based maker of services gateway products for enterprise branch networks. No financial terms were disclosed. NetDevices has raised around $48 million in VC funding since its 2003 formation, from firms like Artiman Ventures, Columbia Capital, ComVentures and JumpStartUp Advisors. www.netd.com
SAP AG (NYSE: SAP) has agreed to acquire MaXware AS, a Trondheim, Norway-based developer of identity management software. No financial terms were disclosed. MaXware raised $5 million in late 2005 from Verdane Capital and Viking Venture Management. www.sap.com www.maxware.com