HarbourVest Partners of Boston confirms that it has closed its fifth international fund-of-funds with Euro 2.4 billion, and a parallel emerging markets fund with Euro 500 million.
Venrock Associates is planning to raise more than $500 million for its fifth fund, according to PE Insider. www.venrock.com
GTCR has agreed to sell HSM Electronic Protection Services Inc. to The Stanley Works (NYSE: SWK) for $545 million. GTCR formed HSM in June 2004 to acquire the security alarm monitoring business of Honeywell International. Lehman Brothers advised GTCR and HSM on the transaction. www.gtcr.com www.hsmsecurity.com
Seven Networks Inc., a Redwood City, Calif.- based mobile email company, has raised $42 million in new venture capital funding. It is unclear if this includes a $29.5 million Series D infusion that PE Week Wire reported on earlier this year, based on a regulatory filing. Backers include Ignition Partners, Greylock, Softbank Asia and Elm […]
MakeMyTrip.com, an Indian travel portal, has raised $13 million in second-round funding, according to The Economic Times. Helion Ventures and Sierra Ventures were joined by return backer Softbank Asia Infrastructure Fund. www.makemytrip.com
SIRS-Lab GmbH, a Jena, Germany-based developer of molecular diagnostics for life threatening infections, has raised Euro 10 million in venture funding. Affentranger Associates led the deal, and was joined by bm-t Beteiligungsmanagement Th
Jaxtr, a Palo Alto, Calif.
VisionShare Inc., a Minneapolis-based provider of data communications services for the healthcare industry, has raised $1 million in private equity funding led by the Chippewa Valley Angel Investment Network. www.visionshareinc.com
Morgenthaler Partners is in advanced discussions to buy Ryan Herco Products Corp., a Burbank, Calif.
Intechra Holding Corp., a Jackson, Miss.-based has agreed to acquire three IT asset disposition companies from Chasm Corp.: EPC of Los Angeles; Market2Market of Columbus, Ohio and; SpaceFutters of Hartford, Conn. No financial terms were disclosed. Intechra is backed by Chrysalis Ventures, Clayton Associates, Richland Ventures and WestWind Partners. www.intechra.com