Galil Medical Ltd., an Israel-based maker of cryotherapy systems for use in kidney and prostate cancer treatments, has raised $40 million in VC funding co-led by Thomas, McNerney & Partners and The Vertical Group. In addition, approximately $4 million of existing shareholder loans will be converted into Galil shares, while the new investors will purchase approximately […]
Sterling Commerce, a subsidiary of AT&T (NYSE:T), has agreed to acquire Comergent Technologies Inc., a Redwood City, Calif.-based developer of sell-side ecommerce software. The deal is valued at approximately $155 million in cash. Sterling Commerce plans to incorporate Comergent products to provide customers with a unified end-to-end order fulfillment solution across the extended supply chain. […]
SunGard has acquired Integrated Business Systems Inc., a Melville, N.Y.-based provider of software solutions and related services to hedge funds. No financial terms were disclosed. SunGard was acquired last year in a public-to-private buyout by Silver Lake Partners, AlpInvest, Bain Capital, Blackstone Group, Goldman Sachs, HarbourVest Partners, KKR, Providence Equity Partners and Texas Pacific Group. […]
Bill Stensrud, a general partner with San Diego-based Enterprise Partners, announced that he plans to leave the firm at year-end. He will remain as acting CEO of Enterprise portfolio company Muze. www.epvc.com
James Li has joined Kleiner Perkins Caufield & Byers as a partner. He has spent the past 15 years with Merck Co., including a recent stint as regional marketing director for hypertension in Asia. www.kpcb.com
Hellman & Friedman has secured $2.7 billion in commitments for its sixth fund, which is being marketed with an $8 billion target capitalization. www.hf.com
Access Venture Partners of Westminster, Colo. is raising its second fund with a $30 million target, according to a regulatory filing. It already has secured around $10.95 million in commitments. www.accessventurepartners.com
Spirit Aerosystems Holdings Inc., a Wichita, Kan.
Aercap Holdings NV, a Dutch provider of aircraft, engines and parts, priced a $600.3 million IPO. It will trade on the NYSE under ticker symbol AER, while Morgan Stanley served as lead underwriter. Cerberus is the company's controlling shareholder. www.aercap.com
Columbus Acquisition Corp., a New York-based blank check acquisition company, has filed for a $100 million IPO. It plans to trade on the AMEX, with Ladenburg Thalmann & Co. serving as lead underwriter. Firm management includes CEO Andrew Intrater, also CEO of Columbus Nova, and executive director Michael Ernestus, managing partner of Artus Advisors. www.columbusnova.com