Virident Systems Inc., a Los Altos, Calif.-based computer hardware startup, has called down $5.06 million of a $13.3 million Series A round, according to a regulatory filing. Shareholders include Artiman Ventures and Spansion LLC. www.virident.com
Anne Gordon, managing editor of The Philadelphia Inquirer, has agreed to join Dubilier & Co. as a partner. She joined the paper in 1999, and also serves as vice president of its parent company Philadelphia Newspapers. www.cdr-inc.com
Velocity Technology Enterprises Inc., a New York-based provider of IT consulting, hosting and applications management, has raised $15 million in Series A funding, according to a regulatory filing. Backers include Tudor Ventures and MCG Capital Corp., while Sanders Morris Harris served as placement agent.
Chris Donoho has joined Lovells' international business restructuring and insolvency (BRI) practice, as a partner in the firm's New York office. He previously was a partner in the financial restructuring group of Stroock & Stroock & Lavan LLP. www.lovells.com
TargetSpot Inc., a New York-based provider of ad serving within streaming media, has raised $3.59 million in Series A funding from Union Square Ventures, CBS Radio and Oddcast Inc. The deal was announced last week, but without the dollar amount. TargetSpot is run by co-founder and CEO Doug Perlson, former COO of Seavast (f.k.a. Kanoodle). […]
Cyan Optics Inc., a Petaluma, Calif.-based developer of solutions for data communication problems, has raised $8.75 million in Series A funding, according to a regulatory filing. Backers include Azure Capital Partners and Norwest Venture Partners. www.cyanoptics.com
Grotech Capital Group is raising its seventh fund with a $400 million target capitalization, according to Buyouts Magazine. The Timonium, Md.-based private equity firm raised $400 million for its current fund back in 2000. www.grotech.com
PNA Group Holding Corp., an Atlanta-based steel processor and distributor, has filed for a $175 million IPO. It plans to trade on the NYSE under ticker symbol PNA, with Citi and UBS serving as co-lead underwriters. PNA was acquired last year by Platinum Equity. www.platinumequity.com
Skilled Healthcare Group Inc., a Foothill Ranch, Calif.-based provider of nursing facilities and rehabilitation therapy centers, has set its IPO terms to around 16.67 million shares being offered at between $14 and $16 per share. It plans to trade on the NYSE under ticker symbol SKH, with Credit Suisse serving as lead underwriter. Onex Partners […]
Dennis Freyman has joined Lightyear Capital as a vice president. He previously was a director in the financial institutions group of Credit Suisse, where he advised on M&A, capital markets and other transactions. www.lycap.com