Eli Lilly & Co. has agreed to acquire Hypnion, a Lexington, Mass.
Update: Watch the video here. I’ll be on CNBC’s Sqwawk Box program tomorrow morning at 7:40am ET, to discuss how the recent public market correction will affect private equity and M&A activity. My initial thoughts harken back to a speech given by Scott Schoen of Thomas H. Lee Partners, during last year’s Yale Private Equity […]
Clear Channel Communications owns an enormous number of radio stations and billboards, but apparently believes that U.S. Postal is the best way to amplify its pro-buyout message. The company today is sending out a letter urging shareholders to vote in favor of a $19 billion offer from Bain Capital and Thomas H. Lee Partners, despite some […]
EUSA Pharma Inc., a specialty pharma company focused on the hospital market, has agreed to acquire French drug company OPi SA. The acquisition is being backed by $175 million in financing co-led by 3i Group and Essex Woodlands Health Ventures. Other backers include Goldman Sachs, Advent Venture Partners, NeoMed and NovaQuest. EUSA Pharma was formed […]
American Fiber Systems Inc. of Rochester, N.Y. has agreed to acquire Idacomm, a fiber facilities-based competitive metro network provider, from Idacorp (NYSE: ISA). No financial terms were disclosed. AFS has raised around $62 million in VC funding from firms like Sierra Ventures, North Atlantic Capital, Lucent Venture Partners and Hudson River Capital. www.americanfibersystems.com
Cypress Semiconductor Corp. (NYSE: CY) has agreed to sell its SMaL Camera Technologies subsidiary to Sensata Technologies Inc., an Attleboro, Mass.-based sensors and controls company controlled by Bain Capital. No financial terms were disclosed. SMaL Camera provides cameras and camera subsystems to automotive driver assistance systems for such customers as Bosch and Delphi. www.cypress.com www.sensata.com
Rotonics Manufacturing Inc. has acquired the Rotational Molding division of The Plastics Group Inc. No financial terms were disclosed. Rotonics is a Gardena, Calif.
Astoria Generating Company Holdings LLC and EBG Holdings LLC have agreed to merge, in order to create a $5 billion power generation company serving the constrained energy markets in the New York and Boston metropolitan areas. The combined company will be named US Power Generating Company, with Astoria and EBG shareholders owning 46% and 54%, […]
Bear Growth Capital Partners has acquired swimwear retailer Just Add Water, and said that it will be combined with existing portfolio company Everything But Water. No financial terms were disclosed. www.justaddwater.com www.bsmb.com
Charlie Brown's Steakhouse, a portfolio company of Trimaran Capital Partners, has agreed to acquire Atlanta-based restaurant chain Bugaboo Creek Steakhouse for $28 million. The deal is expected to close by Q3 2007. www.charliebrowns.com