Michael Capellas has joined Serena Software Inc. as acting president and CEO, following the resignation of Mark Woodward. Capellas is a senior advisor to Serena shareholder Silver Lake Partners, and is a past CEO of both MCI and Compaq. www.serena.com
Cedric Abitbol has joined European buyout firm 21 Partners to help the firm expand its activities beyond France and Italy. He previously focused on secondary transactions with Palomar Capital Advisors and, before that, was with Unigestion. www.21partners.com
Artes Medical Inc., a San Diego-based developer of injectable aesthetic products for the dermatology and plastic surgery markets, priced 4.6 million common shares at $6 per share ($12-$14 forecast), for an IPO take of approximately $27.6 million. It will trade on the Nasdaq under ticker symbol ARTE, while Cowan & Co. and Lazard Capital Markets […]
Solarfun Power Holdings Co Ltd., a China-based manufacturer of photovoltaic cells and modules, priced 12 million American depository shares at $12.50 per share ($11.50-$13.50 forecast), for an IPO take of approximately $150 million. It will trade on the Nasdaq under ticker symbol SOLF, while Goldman Sachs (Asia) served as lead underwriter. Shareholders include Citigroup Venture […]
Dayton Superior Corp., a Dayton, Ohio-based concrete forming and shoring rental company, priced 7.85 million common shares at $12 per share ($13-$15 forecast), for an IPO take of approximately $94.2 million. It will trade on the Nasdaq under ticker symbol DSUP, while Robert W. Baird & Co. served as lead underwriter. Odyssey Investment Partners remains […]
Terry Garnett, half of tech “venture buyout” firm Garnett & Helfrich Capital, is planning to move (at least for a while) from Silicon Valley to London. The move has surprised limited partners, but it is not expected to put too much of a crimp in the San Mateo, Calif.-based firm's plans to raise around $750 […]
RedPath Integrated Pathology Inc., a Pittsburgh-based cancer diagnostics company, has raised $6.5 million in Series A funding. Backers include Seneca Health Partners, Inflexion Partners, HMA Capital Partners New Spring Capital and CID Capital. HealthCare Capital Advisors served as placement agent. www.redpathip.com
Forte Design Systems, a San Jose, Calif.-based provider of software design products, has raised $5.4 million in Series D funding. Saints Capital was joined by return backers 3i Group and Infinity Capital. www.forteds.com
Websense Inc. (Nasdaq: WBSN) has agreed to acquire PortAuthority Technologies Inc. for approximately $90 million in cash. PortAuthority is a Palo Alto, Calif.-based provider of provider of information leak prevention solutions. It has raised over $46 million in total VC funding, from firms like New Enterprise Associates, Sequoia Capital, Greylock, Lexington Ventures, ALP Enterprises and […]
Khaled Al Kamda has been named the first-ever vice chairman of Istithmar, the Dubai-based private equity and alternative investment firm. He previously spent 20 years with Emirates Airlines, most recently as senior vice president for corporate development. www.istithmar.ae