Connec, a Brazil-based maker of thin client computers and embedded software, has raised around $2.5 million from Stratus VC. The deal gives Stratus a 20% ownership stake in Connec, and is expected to be followed by additional capital infusions over the next two years. www.connec.com.br www.stratusbr.com
Freescale Semiconductor Inc. said that six class-action petitions have been filed against it and its directors, in reference to the pending $17.6 billion buyout being led by The Blackstone Group. The petitions allege that Freescale breached fiduciary duty by not taking the proper steps to maximize shareholder value. Other members of the buying consortium include […]
LeMaitre Vascular Inc., a Burlington, Mass.-based developer of medical devices for the treatment of peripheral vascular disease, priced 5.5 million common shares at $7 per share, for an IPO take of approximately $38.5 million. It had planned to sell six million shares at between $8 and $10 per share. LeMaitre will trade on the Nasdaq […]
Innophos Holdings Inc., a Cranbury, N.J.-based specialty phosphates company, has set its proposed IPO terms to around 8.7 million common shares being offered art between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol IPHS, with Bear Stearns and Credit Suisse serving as co-lead underwriters. Bain Capital acquired Innophos […]
OrbComm Inc., a Ft. Lee, N.J.-based operator of commercial wireless messaging systems for narrowband communications, set its proposed IPO terms to around 11.15 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol ORBC, with UBS and Morgan Stanley serving as co-lead underwriters. […]
Adobe Systems Inc. (Nasdaq: ADBE) has acquired Serious Magic Inc., a Folsom, Calif.-based provider of video software communications tools. No financial terms were disclosed. Serious Magic had raised VC funding from Mayfield. www.adobe.com www.seriousmagic.com
Sequoia Capital and Artis Capital aren't the only firms set to profit from Google's $1.65 billion acquisition of YouTube. The New York Times reports that Universal Music Group, BMG Music Entertainment and Warner Music Group each received small YouTube stakes as part of music-licensing deals signed shortly before the Google deal was announced. The three […]
Springer Science & Business Media, a German portfolio company of Cinven and Candover, has approached rival publisher and conference organizer Informa about a takeover. The talks are in their early stages, but the combined company would be worth in excess of
Quartillium, the fund-of-funds unit of France-based Finama, said that it is about to begin raising its third fund-of-funds. Its current vehicle has made recent commitments to: Dunedin Buyout Fund II, Cinven IV; Alpha V; Edgestone Equity Partners III, Mangrove II, Scottish Equity Partners III, Almack Mezzanine I, Granite Global Ventures III, ABRY Senior Equity II, […]
Bernard Arnault, chairman of LVMH Mo