PE Week Wire - Friday, June 4

Funding Rounds

Summary

Just send us Rick Hayes has tendered his resignation as senior investment officer for alternative assets with the California Public Employees’ Retirement System (CalPERS), effective in July. The California State Teachers’ Retirement System (CalSTRS) has scaled back an ambitious plan to create an international private equity portfolio that reached from the Far East to Latin America. www.gnc.com Symmetry Medical Inc., a Warsaw, Ind.-based provider of equipment for orthopedic device manufacturers, has filed to raise $172.5 million via an IPO of common stock on the NYSE under proposed ticker symbol SMA. www.pcmuitgevers.nl Citigroup Venture Partners has finally won creditor approval to acquire the camera phone chips and flat screen units of South Korea-based Hynix Semiconductor Inc., according to various press reports. www.jerr-dan.com IntraLase Corp., an Irvine, Calif.-based provider of laser-related software and disposable devices for ophthalmic surgery, has filed to raise $92 million via an IPO of common stock on the Nasdaq under proposed ticker symbol ILSE.

$ Funding

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Amount $15.0M Total raised
Date June 2, 2004 Announcement date
Investors U.S. Venture Partners, Alignment Capital Group, GM Capital Partners, Austin Ventures, Palisades Growth Capital, State of Wisconsin Investment Board, Comcast Ventures, Riverside Partners, Blue Sage Capital, Bear Stearns, Quicksilver Ventures, CalSTRS, JK&B Capital, Fidelity Ventures, Norwest Equity Partners, Apax Partners, Baring Private Equity Partners Lead investors
Company http://www.vormetric.com Funded company

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Linked Companies

eCredit
$10M to $25M
CoWare
$10M to $25M
MagniFire Websystems
$100M to $250M