Boehringer Ingelheim GmbH has agreed to acquire Actimis Pharmaceuticals Inc., a San Diego-based biotech company focused on respiratory and inflammatory disorders. The deal would be valued at $515 million, in Boehringer is able to move Actimis' lead asthma candidate from Phase 1 to Phase III clinical trials. Additional financial terms were not disclosed. Actimis […]
Nico Kirsten has joined PCG Asset Management as a vice president in the firm's portfolio monitoring and reporting group. He previously spent eight years with PricewaterhouseCoopers. PRESS RELEASE PCG Asset Management, LLC (“PCG AM”), a leading private equity investment management and advisory firm based in La Jolla, California, announced that Nico Kirsten has […]
ShotSpotter Inc., a Mountain View, Calif.-based provider of gunshot location systems for the public safety and military markets, has raised $7.5 million in Series D funding. The Westly Group led the round, and was joined by Norwest Venture Partners, Broidy Capital Management and return backers Band of Angels, City Light Capital, Claremont Creek Ventures, Labrador […]
Eyeonics Inc., an Aliso Viejo, Calif.-based maker of ophthalmic medical devices like intraocular lens implants, has withdrawn registration for an $86.25 million IPO. The move comes after Eyeonics was acquired by Bausch & Lomb, a portfolio company of Warburg Pincus. www.eyeonics.com
IPC The Hospitalist Company Inc. (NYSE: IPCM), a North Hollywood, Calif.-based network of hospitalist physicians, has filed to sell five million shares in a secondary public offering. The company was trading at $22.08 per share prior to the announcement, which could value the sale at over $110 million. Credit Suisse and Jefferies & Co. are […]
Platinum Equity has agreed to sell PNA Group Holding Corp., an Atlanta-based steel processor and distributor, to Reliance Steel & Aluminum Co. (NYSE:RS). The deal is valued at approximately $1.1 billion, and is expected to close within the next 60 days. PNA had been in registration for a $200 million IPO, and had been acquired […]
Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a Woburn, Mass.-based provider of text imaging software, has filed for a secondary offering of five million shares. Selling shareholders include TA Associates, whose ownership position would drop from 49.9% to 37.6 percent. Monotype filed for the sale last Friday. Its closing price the prior day was $11.99 per […]
Peter Gissel and Mark Nunny have joined Hermes Private Equity as a partner and investment manager, respectively. Gissel previously was a principal with Nikko Principal Investments, while Nunny spent the part four years with KPMG Transaction Services. www.hermesprivateequity.co.uk
SpectraWatt Inc., a maker of PV cells for solar manufacturers, has been formed as an independent spinout from Intel Corp. It also has received $50 million in funding commitments led by Intel Capital. Other participants include Cogentrix Energy (subsidiary of Goldman Sachs), PCG Clean Energy and Technology Fund and Solon AG. PRESS RELEASE To […]
Mpex Pharmaceuticals, a San Diego-based developer of antibacterial drugs for multi-drug resistant bacterial pathogens, has entered into a strategic partnership with GlaxoSmithKline. The deal includes an $8.5 million upfront payment, a $6.5 million equity investment and milestones worth between $200 million and $250 million for each product candidate. Mpex previously raised nearly $35 million […]