Fabrinet Raises $85 Million After Cutting IPO by 29%

Fabrinet, a maker of optical telecommunications equipment, raised $85 million after reducing its initial public offering price by as much as 29 percent. The manufacturer of laser components and sensors sold 8.5 million shares at $10 each after offering them for $12 to $14, according to Bloomberg data and a filing with the Securities and Exchange Commission. The George Town, Cayman Islands-based company will use the proceeds to build a factory in Thailand and fund potential acquisitions.

Duke Energy To Sell 50% Stake In Fiber Optic Unit For $137M

Duke Energy Corp. (DUK) said it agreed to sell a 50% stake in its fiber-optic networks business to asset manager Alinda Capital Partners LLC for $137 million.  The Charlotte-based electric and natural gas utility, which serves customers in the South and Midwest regions of the U.S. and also operates a telecommunications business, has benefited from higher industrial and residential electrical demand of late. Its latest-quarter profit climbed as revenue grew 7.9%.
Alinda calls itself the largest U.S. manager of infrastructure investments for pensions, with more than $7 billion under management. The DukeNet management team, led by President Brad Davis, will continue to run day-to-day operations following the closing of the transaction--which is expected to be in the third quarter. The Southeast-focused business controls more than 5,300 miles of fiber optic network.

LifeShield Secures $11 Million in Funding
LifeShield Security(TM), the world's first all digital home security system today announced the closing of its second round of funding. Formerly InGrid Home Security, LifeShield is the first national, professional grade and professionally monitored wireless security system that is easy to set up through a simple "plug and protect" process. LifeShield boasts superior protection and the best value in home security.

Since December 2009, LifeShield has raised nearly $11 million in business enterprise funding through two separate funding events. First round investors were Associated Partners, CenterPoint Ventures, Novak Biddle Venture Partners, Novitas Capital and former NutriSystem CEO Michael Hagan. Second round investors include earlier investors Associated Partners, CenterPoint Ventures, Novitas Capital, and Michael Hagan, with new additional funding coming from First Round Capital, MHS Capital, and NewSpring Growth Capital.

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