Nitec Pharma AG, a Swiss drug company focused on the treatment of chronic inflammatory diseases, has raised approximately $26 million in Series B funding. NGN Capital led the deal, and was joined by return backers Atlas Venture and Global Life Science Ventures. www.nitecpharma.com
LitePoint Corp., a Sunnyvale, Calif.-based provider of wireless test solutions, has raised an undisclosed amount of venture capital funding from Sequoia Capital. www.litepoint.com
UPC Wind, a Newton, Mass.
Circle Peak Capital has promoted James Clippard to vice president. Clippard joined the firm as an associate in June 2005, and has worked on such transactions as Shari's Restaurants, Luxury Optical Holdings and WealthTrust Inc. www.circlepeakcapital.com
Asiff Hirji has agreed to join TPG as a senior executive focused on firm operations. Hirji is a onetime Bain &Co. pro who today announced that he is resigning as president of TD Ameritrade. The move to TPG will become effective in May.
Aruba Networks Inc., a Sunnyvale, Calif.-based provider of wireless LAN technology, priced 8 million common shares at $11 per share (above $8-$10 range), for an IPO take of approximately $88 million. It will trade on the Nasdaq under ticker symbol ARUN, while Goldman Sachs and Lehman Brothers served as co-lead underwriters. Aruba had raised around […]
CoreValve, an Irvine, Calif.-based maker of medical devices for percutaneous heart valve replacement, has raised $33 million in third-round funding. Maverick Capital led the deal, and was joined by return backers Apax Partners, HealthCap and Sofinnova Partners. The company has now raised around $63 million in total VC funding since 2003. www.corevalve.com
NeoSaej Corp., a Concord, Mass.-based provider of e-commerce infrastructure software, has secured $505,000 of a $1 million Series A round led by Stata Venture Partners, according to a regulatory filing. www.neosaej.com
BankCap Partners, a Dallas-based private equity firm targeting the commercial banking sector, is raising up to $200 million for its inaugural fund, according to a regulatory filing. It already has secured $109.5 million in capital commitments. www.bankcap.com
CCMP Capital has secured $1.47 billion for its first independent fund since spinning out of JPMorgan, according to a regulatory filing. The former late-stage and buyout team of JPMorgan Partners is targeting upwards of $4 billion, and is using Credit Suisse as its placement agent. www.ccmpcapital.com