Luisa Beltran

Venture-backed Kabbage looks for funding but no IPO: sources

Mediamorph raises $21.2 mln

Mediamorph said Aug. 29 that it raised $21.2 million in Series C funding led by Advance Vixeid Partners and by senior advisors to Lee Equity Partners including Bob Wright and Barry Baker. Existing investors Liberty Global Ventures and Smedvig Capital also participated in the financing. New York-based Mediamorph provides a cloud-based enterprise software and data management platform for the media and entertainment industry.

General Atlantic, Ctrip form strategic partnership with Ocean Link

General Atlantic and Ctrip have formed a strategic partnership with Ocean Link, a PE firm focused on the travel and tourism sector of China. Financial terms weren’t announced but the Wall Street Journal said Ocean Link is starting with an initial $400 million of capital. Ocean Link’s first investments include eLong, Mind Education, Joint Wisdom and Ruby Hotels.

Blackstone to get minority of JDA Software with $570 mln investment

Gryphon buys Smile Brands for second time

Symphogen CEO Drejer to step down

Symphogen said Aug. 18 that CEO Kirsten Drejer is stepping down and will become an independent member of the Board. Martin Olin, current Symphogen CFO, will become CEO effective Sept. 1. Copenhagen-based Symphogen, a biopharmaceutical company, is backed by investors including Essex Woodlands Health Ventures, Novo A/S, PKA, Sunstone Capital, Gilde Healthcare Partners, Danica Pension, Takeda Ventures Inc and Genentech.

Avelas Biosciences raises $20 mln

Avelas Biosciences Inc said Aug 18 that it completed a $20 million Series C round of financing led by Pharmstandard International SA. New investors include Ervington Investments Ltd and Alexandria Venture Investments, while existing investors Avalon Ventures, Bregua Corp and WuXi Healthcare Ventures also participated in the financing. San Diego-based Avelas is a clinical stage oncology-focused company.

Enlightenment Capital sells Vistronix Intelligence

Enlightenment Capital said Aug. 17 that it has sold its portfolio company, Vistronix Intelligence & Technology Solutions, to ASRC Federal. Financial terms weren’t announced. Reston, Virginia-based Vistronix provides national security systems, solutions, and services to the Intelligence Community, Department of Defense, and Federal Civilian agencies.

Nuance Communications buys TouchCommerce

Nuance Communications has acquired TouchCommerce, a portfolio company of Second Alpha Partners. Total consideration for the deal was $215 million. Agoura Hills, California-based TouchCommerce provides digital customer service and engagement solutions.

Vista Equity closes $1.79 bln Marketo acquisition

Vista Equity Partners has closed its buy of Marketo Inc, maker of cloud-based marketing software. The $1.79 billion deal was completed Aug. 16. Golub Capital provided a senior credit facility to support the transaction. Wilson Sonsini Goodrich & Rosati served as legal advisor to Marketo. Kirkland & Ellis LLP served as legal advisor to Vista.