BitShelter Inc., a New York-based online consumer services startup, has raised around $4.17 million in Series A funding led by General Catalyst Partners, according to a regulatory filing. The company's initial product is PhotoShelter, an asset management and sales marketplace for professional photographers. www.bitshelter.com
Welsh, Carson, Anderson & Stowe has agreed to sell diagnostics testing company Ameripath to Quest Diagnostics (NYSE: DGX). The deal is valued at approximately $2 billion, including $770 million in debt. The deal is expected to close later this quarter. WCAS acquired Ameripath in 2003 for approximately $840 million. www.ameripath.com
Darwin Ventures is looking to raise $60 million for its second venture capital fund-of-funds. The San Francisco-based firm closed its initial VC fund-of-funds in 2004 with $42 million, and committed to funds from firms like Accel Partners, Lightspeed Venture Partners, NEA, Sierra Ventures and U.S. Venture Partners. www.darwinvc.com
The Los Angeles County Employees Retirement Association (LACERA) has selected four finalists to be its non-discretionary private equity advisor. They are: Altius Associates, Cambridge Associates, Credit Suisse Customized Fund Investment Group and Franklin Park Advisors. www.lacera.com
Saad Khan has joined CMEA Ventures as a partner focused on opportunities in the software space. He previously was a venture partner with Garage Technology Ventures, where he worked on such deals as TripleHop (acquired by Oracle), Savage Beat (Pandora), cFares and CaseStack. www.cmeaventures.com
Sohail Khan has joined SiGe Semiconductor Inc. as president and CEO. He previously was an entrepreneur-in-residence and operating partner with Bessemer Venture Partners. SiGe is an Ottawa-based supplier of RF front-end solutions for wireless systems, which has raised around $112 million in VC funding from firms like TD Capital, Prism VentureWorks, VenGrowth Private Equity Partners, […]
Gerresheimer, the German packaging group owned by the US-based buyout firm Blackstone Group, is targeting proceeds of more than Euro 500m for its IPO this summer, according to the German daily Financial Times Deutschland citing sources. The report claims that Blackstone Group paid more than
James Binch has joined Lincolnshire Management as a senior operating partner and managing director. He previously was president and CEO of medical component manufacturer Memry Corp. (AMEX: MRY). www.lincolnshiremgmt.com
Sepaton Inc., a Marlborough, Mass.�based provider of data protection solutions, has raised $22 million in Series E funding. HarbourVest Partners led the deal, and was joined by return backers JVP, Menlo Ventures and Valhalla Partners. The company has raised around $90 million in total VC funding since its 1999 inception as SANGate Systems. www.sepaton.com
Bespak PLC (LSE: BPK) has agreed to acquire Emergent Respiratory Products Inc., an Irvine, Calif.-based maker of breathing equipment and related single-use circuits and masks as an early treatment for patients experiencing breathing difficulty. The deal is broken out into two tranches: Bespak will initially invest $3 million for a 51% equity stake. The remaining […]