Northstar Offshore Energy Partners said Thursday that it has sold most of its asset holdings to ANKOR E&P Holdings Corp., STX Energy E&P Offshore Management and SCL Resources for $201 million. The deal was effective Oct. 1. The assets sold have a current output of 4,700 barrels per day and reserves of 10.8 million barrels. Northstar Offshore is backed by Natural Gas Partners.
Peninsula Packaging Co., which is backed by Odyssey Investment Partners, has acquired the agricultural thermoforming division of Berkley Operations, doing business as Packaging Plus. Financial terms were not announced.
Vistaprint, the listed maker of professional marketing products and services, said Friday that it had completed its $117.5 million acquisition of Webs Inc. Silver Spring, Maryland-based Webs had raised venture capital from Novak Biddle Venture Partners and Columbia Capital.
Alexion Pharmaceuticals Inc. will pay $610 million in cash – and as much as $470 million in future milestone-based payments - to acquire Enobia Pharma Corp. Enobia is a biopharma company developing therapies to treat patients with ultra-rare and life-threatening genetic metabolic disorders. Enobia closed a $40 million round earlier this year, and was backed by investors including OrbiMed Advisors, CTI Life Sciences Fund, Desjardins Venture Capital and Lothian Partners.
Golub Capital said Wednesday that it was providing debt financing to support the acquisition of Bradenton, Fla.-based First Watch Restaurants Inc. by Freeman Spogli & Co. Terms of the deal were not released. First Watch owns 82 restaurants spanning nine states. Freeman Spogli is a private equity firm with offices in Los Angeles and New York.
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(Reuters) – China’s Alibaba Group has hired Washington lobbying firm Duberstein Group Inc as it eyes a possible deal with Internet giant Yahoo Inc. Japan’s Softbank Corp is also listed as an Alibaba affiliate in the lobbying firm’s disclosure, according to the filing. The lobbying registration lists the law firm Wachtell, Lipton, Rosen & Katz, […]
WeedMaps Media Inc. is buying MMJMenu, a provider of seed-to-sale collective management and point-of-sale software for the medical marijuana industry. Terms of the deal weren’t released. WeedMaps is owned by General Cannabis Inc., a Newport Beach, Calif.-based company that is traded on the over-the-counter Bulletin Board. The deal comes only a month after General Cannabis acquired Marijuana.com.
Indian real estate firm DLF Ltd. said that it and its joint venture partner sold their entire holding in a firm that owns a special economic zone for 8.1 billion rupees ($152.6 million) to an affiliate of Blackstone, Reuters wrote Wednesday.
Buyout shop Luxor Capital Group has offered about $118.47 million for a majority stake in Canadian minor Crocodile Gold, which owns and operates mines in the northern territory of Australia, Reuters reported. New York-based Luxor Capital offered to buy up to 215.4 million shares, or about 69%, of Crocodile Gold at 56 Canadian cents per share, Reuters wrote.