Onyx Pharmaceuticals Inc. (Nasdaq: ONXX) has agreed to acquire Proteolix Inc., a South San Francisco-based drug company focused on protein degradation pathways in cancer and autoimmune diseases. The deal is valued at up to $851 million, including a $276 million up-front cash payment and the remainder in earn-outs. Proteolix has raised around $142 million in VC funding, from firms like U.S. Venture Partners, Advanced Technology Ventures, Latterell Venture Partners, Delphi Ventures, The Vertical Group, Nomura Phase4 Ventures and Westfield Capital Management.
JO Hambro Capital Management has acquired Celsis International, a Chicago-based contract research firm for the global life sciences market. The deal was valued at approximately £55 million, and will result in Celsis de-listing from the London Stock Exchange.
GF Capital and Stockton Road Capital have acquired Airborne Inc., a Minneapolis-based maker of dietary supplements for bolstering the immune system. No financial terms were disclosed. Sawaya Segalas & Co. advised Airborne on the sale.
NEW YORK (Reuters) – Lionel Pincus, founder and former chairman of private equity firm Warburg Pincus, died Saturday in New York after a long illness, the firm said on Sunday. He was 78. Pincus led efforts in the 1970s to change regulations that allowed pension funds to invest in venture capital and private equity funds, […]
DUBAI (Reuters) – Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday. The letter details that Blackstone is positioning one company — hospital staffing firm Team Health — for an IPO and evaluating […]
LONDON (Reuters) – Privately-owned UK second-hand car dealership British Car Auctions is expected to be formally put up for sale by owner Montagu Private Equity, banking sources said on Friday. Montagu could ask for first-round bids as early as next week, they added. “Montagu has not launched an auction yet but it is imminent and […]
Last week, peHUB reported that Court Square Capital Partners had quietly invested in Rocket Software, a Boston-area maker of enterprise infrastructure software. Neither firm commented, but an SEC filing now indicates that the equity amount was approximately $92 million. No word on debt, or if Court Square now has majority control. This is Court Square’s first investment in […]
MUMBAI (Reuters) – Standard Chartered Private Equity, the direct investment arm of the British bank, is close to investing in two Indian companies and sees opportunities in the country’s export service sector as Western firms cut costs, a top official said. Nainesh Jaisingh, head of StanChart’s (STAN.L) (2888.HK) private equity business in Asia’s No. 3 […]
(Reuters) – Canadian logistics services provider Livingston International Income Fund (LIV_u.TO) agreed to be taken private by Canada Pension Plan Investment Board and Sterling Partners in a deal valued at about C$225.3 million ($213.6 million). Under the deal, Livingston’s unit holders would receive C$8 per unit in cash, representing a premium of 20 percent based […]
Capital Partners Inc. has sponsored a recapitalization of AMES Inc., a Wilmington, N.C.-based provider of maintenance project and workforce management solutions to the U.S. commercial nuclear power industry. No financial terms were disclosed. Cobblestone Harris Williams advised AMES on the transaction.