Firms & Funds

IPOs/Recent Issues 0901 –

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Inergy Partners
Kansas City, Mo.
Went public 07/26/01 at $22 per share
Filing Range: 1.6 million at $20.50 to $22.50
Offering Size: $33.6 million
Post Offering Valuation: $70.4 million
Shares Outstanding: 1.6 million
Underwriters: A.G. Edwards & Sons Inc./First Union Securities Inc./ Raymond James & Associates Inc.
Company Counsel: Vinson & Elkins LLP
Manager Counsel: Baker Botts LLP
Auditor: Ernst & Young LLP
The Company
Operates a wholesale propane marketing and distribution business. The company’s retail business includes the retail marketing, sale and distribution of propane, including the sale and lease of propane supplies and equipment, to residential, commercial, industrial and agricultural customers.
Venture Backers
Rocky Mountain Capital Partners
Kansas City Equity Partners
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 3/14/01 2 Early Stage 17,000
Financials
(Data in $ millions except EPS) Y/E (9/30/00)
Total Revenues: $93.60
Net Income: -1.8
EPS: N/A

Natus Medical Inc.
San Carlos, Calif.
Went public 07/20/01 at $11 per share
Filing Range: 4.5 million shares at $10 to $12
Offering Size: $55.0 million
Post Offering Valuation: $163.2 million
Shares Outstanding: 14.3 million shares
Underwriters: Dain Rauscher Wessels/First Union Securities Inc./ Adams, Harkness & Hill Inc.
Company Counsel: Wilson Sonsini Goodrich & Rosati
Manager Counsel: Cravath, Swaine & Moore
Auditor: Deloitte & Touche LLP
The Company
Develops tests to identify medical disorders in fetuses and infants before their first birthday.
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 8/1/91 1 Early Stage 2,500
2 12/1/92 4 Expansion 4,432
3 1/1/93 3 Expansion 150
4 8/1/95 3 Later Stage 789
5 11/1/95 3 Later Stage 1,050
6 3/1/96 1 Later Stage 660
7 5/1/97 1 Expansion 3,851
8 12/1/99 1 Expansion 603
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $24.60
Net Income: 0.2
EPS: -1.62

PDF Solutions Inc.
San Jose, Calif.
Went public 07/27/01 at $12 per share
Filing Range: 4.5 million shares at $11 to $13
Offering Size: $54.0 million
Post Offering Valuation: $268.5 million
Shares Outstanding: 22.2 million shares
Underwriters: Credit Suisse First Boston/Robertson Stephens & Co./Dain Rauscher Wessels
Company Counsel: Orrick Herrington & Sutcliffe LLP
Manager Counsel: Wilson Sonsini Goodrich & Rosati
Auditor: Deloitte & Touche LLP
The Company
Develops software for improving the yield of integrated circuit manufacturing based on the analysis of the design database and on statistical modeling of the manufacturing environment.
Venture Backers
Telos Venture Partners
U.S. Venture Partners
RWI Group LP
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 10/1/95 4 Expansion 5,325
2 8/15/00 3 Expansion 5,000
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $20.10
Net Income: -9.1
EPS: -0.68

Wright Medical Group Inc.
Arlington, Tenn.
Went public 07/13/01 at $12.50 per share
Filing Range: 7.5 million shares at $11.50 to $13.50
Offering Size: $93.8 million
Post Offering Valuation: $349.6 million
Shares Outstanding: 7.5 million shares
Underwriters: J.P. Morgan & Co./Credit Suisse First Boston/ U.S. Bancorp Piper Jaffray
Company Counsel: Willkie Farr & Gallagher
Manager Counsel: Milbank Tweed Hadley & McCloy LLP
Auditor: Arthur Andersen & Co.
The Company
Develops biologic orthopedic products, implants and instrumentation.
Venture Backers
Warburg Pincus LLC
Kidd, Kamm & Co.
The Vertical Group
California Public Employees’ Retirement System
Financing Rounds
Round # Round Date Number of Stage Investors Round Amt. ($ thousands)
1 6/30/93 1 Expansion 11,400
2 12/1/99 1 Expansion 30,500
3 12/1/99 1 Expansion 2,850
4 12/1/99 1 Expansion 1,500
5 12/1/99 1 Expansion 3,500
6 12/1/99 1 Expansion 66,500
7 8/20/00 1 Expansion 10,000
Financials
(Data in $ millions except EPS) Y/E (12/31/00)
Total Revenues: $157.60
Net Income: -39.5
EPS: -2.29