Luisa Beltran

Vista Equity to Buy Omnitracs for $800 Mln

Qualcomm said Friday it has agreed to sell Omnitracs to Vista Equity Partners in a deal valued at $800 million. The deal includes all of Omnitracs operations in the United States, Canada and Latin America, including Sylectus and FleetRisk Advisors. The transactions is expected to close during the first quarter of Qualcomm's fiscal 2014. Barclays provided financial advice to Qualcomm. San Diego-based Omnitracs provides software applications, platforms and information services for private and fore-hire fleets.

Harbert Power Fund V Targets $500 Mln

Harbert Management Corp. said its most recent fund has so far collected over $200 million. The interim close of Harbert Power Fund V, LLC includes commitments from pension funds, insurance companies, family offices, foundations, and HMC partners. HPF V will invest in independent (non-utility) power generation and related power assets. A final close is expected later this year with a $500 million target. Harbert Management also said that its power investment fund, Gulf Pacific Power LLC, has closed with $600 million in commitments from the California Public Employee Retirement System. CalPERS has also made a commitment to HPF V.

peHUB First Read

To end your week, there's news that Apple has acquired Embark, TPG and Google Ventures invest in Uber and the Nasdaq finally reopens.

Parse.ly Raises $5 Mln

Parse.ly has raised an additional $5 million in a series A funding round led by Grotech Ventures with participation from Blumberg Capital, ff Venture Capital, and FundersClub. New York-based Parse.ly provides analytics to publishers

SilkRoad Closes $16 Mln Financing Round

Keating Capital said it made a $1 million convertible note investment in SilkRoad, an existing portfolio company. The investment by Keating is part of a $16 million growth financing round for SilkRoad. Other participants in the financing include Foundation Capital, Intel Capital, Azure Capital Partners and Crosslink Ventures. Chicago-based SilkRoad provides cloud-based human capital management (HCM) solutions to small- and medium-sized businesses.

EQT Infrastructure II Buys Synagro

EQT Infrastructure II has acquired Synagro Technologies. EQT said the deal completes the refinancing of Synagro under a Chapter 11 plan of reorganization. Synagro's balance sheet has also been restructured with about $200 million cut from outstanding debt. Synagro, a portfolio company of the Carlyle Group, filed for Chapter 11 bankruptcy in April. Press reports valued the sale to EQT at $480 million. Houston-based Synagro is the largest recycler of organic waste in the United States. RBC Capital Markets provided financial advice to EQT.

ANA Holdings Buys Pan Am

American Capital has sold Pan Am Holdings to ANA Holdings, the parent of All Nippon Airways. Financial terms weren't announced. The deal includes Pan Am International Flight Academy. Miami-based Pan Am provides outsourced flight simulation training for domestic and international airline and cargo carrier customers. Harris WillIams advised Pan Am.

Infraredx Raises $25 Mln from Nipro Corp.

Nipro Corp. has invested $25 million into Infraredx. Burlington, Mass.-based Infraredx is a medical device company that is trying to advance the diagnosis and management of coronary artery disease.

Johnson Named Sequent's Chief Security Officer

Sequent Software said Thursday named Lance Johnson its Chief Security Officer. He will lead the development and deployment of the company's risk management and mobile-payment security technologies. Johnson previously served as SVP directing Visa International's efforts in global risk management and security. Sequent is backed Opus Capital, Jado Investments and SBT Venture Capital, the venture arm of Sberbank.

MicuRx Raises $25 Mln

MicuRx Pharmaceuticals said Thursday it raised $25 million in Series B financing led by BVCF. The round also includes existing investors Morningside Group and Devon Park Bioventures. Hayward, Calif.-based MicuRx is a biopharmaceutical company developing next-generation antibiotics.