Last month, cancer drug company Adnexus Therapeutics raised VC funding and filed for an IPO on subsequent weeks. I wrote the following: “Call me cynical, but I’m not so sure Adnexus is itching to go public. Instead, it seems like a company positioning itself to be acquired.” Being right feels so much better than the alternative. […]
EQT Partners has sold deSter Holding BV, an Amsterdam-based provider of in-flight hospitality items, to Gate Gourmet for an undisclosed amount. Merrill Lynch bought Gate Gourmet earlier this year from TPG. www.eqt.se www.gategourmet.com
AllHeart, a Camarillo, Calif.-based ecommerce site for medical uniform and other healthcare apparel and items, has acquired Jasco Uniform, a Vernon Hills, Ill.-based direct mail marketer of uniform apparel, diagnostic instruments and other healthcare products. No financial terms were disclosed. AllHeart is a portfolio company of Friend Skoler & Co. www.allheart.com
AthenaHealth is the only VC-backed IPO to price in all of September. In fact, it’s the only PE-backed IPO to price in all of September, as not a single buyout-backed offering has made the cut. Not too shabby for a company that lost over $10 million over the past twelve months, and has only around […]
Kurz-Kasch Inc., a Dayton, Ohio
Delphi Corp. has agreed to sell some of its brake operations to TRW Automotive Holdings Corp. (NYSE: TRW), as part of its efforts to exit Chapter 11 bankruptcy protection. No financial terms were disclosed. The deal includes part of Delphi's North American brake component machining and module assembly assets. TRW also will acquire production inventory, […]
Ennis Paint, a portfolio company of Brazos Private Equity Partners, has bought the pavement marketing paint division of Laurentide Inc. No financial terms were disclosed. www.ennispaint.com www.societelaurentide.com
Graphite Capital has sponsored a Gbp22 million (US$44m) bolt-on acquisition of Global Gas, for its Dominion Gas portfolio company. RBS Structured Financing provided debt financing for the deal. Law firm Maclays advised Dominion. No terms were disclosed for Graphite's June MBO of Aberdeen-based Dominion Technology Gases, but financing is understood to have been slightly less than Gbp30 million, […]
Barracuda Networks Inc., a Campbell, Calif.-based provider of email and Web security appliances, has acquired NetContinuum Inc., a Santa Clara, Calif.-based provider of Web application firewalls. Barracuda raised a $40 million Series A round in 2005 from Sequoia Capital and Francisco Partners. NetContinuum has raised around $77.5 million in total VC funding since 2001, including […]
FitLinxx, a Stamford, Conn.-based provider of exercise motivation and tracking solutions, has acquired FitSense Inc., a Southborough, Mass.-based provider of wireless health monitoring solutions. No financial terms were disclosed. FitLinxx has raised over $132 million in total VC funding, including an early 2003 venture recap. Current shareholders include Ironwood Capital, North Atlantic Capital and Warbos […]