Cytyc Corp. (Nasdaq: CYTC) has agreed to acquire Adiana Inc., a Redwood City, Calif.-based developer of a non-incisional alternative to tubal ligation for permanent female contraception. The total deal could be worth up to $215 million, including an initial $60 million cash payment and possible earn-outs. Adiana has raised around $55 million in total VC […]
PatchLink Corp., a Scottsdale, Ariz.-based provider of security patch and vulnerability management solutions, has acquired a vulnerability database unit from Harris Corp. (NYSE: HRS). No financial terms were disclosed. PatchLink has raised around $40 million in VC funding from firms like Bay Partners, GIC, Granite Global Ventures and Scale Venture Partners. www.patchlink.com
Eurazeo has agreed to sell its interests in 28 private equity funds to AIG Global Investment Group for approximately $214 million (including assumption of unfunded commitments). The portfolio includes around $520 million in original LP commitments, with 69% of the funds based in the United States and most of the others in Western Europe. www.eurazeo.com […]
Advantage Partners of Japan has closed its fourth buyout fund with around $2 billion in capital commitments, according to LBO Wire. www.advantagecap.com
The Illinois Innovation Accelerator Fund today will launch as a for-profit VC fund managed by the Chicagoland Entrepreneurial Center, a nonprofit affiliate of the Chicagoland Chamber of Commerce. It will provide seed capital to Chicago-area entrepreneurs, and already has secured $6.4 million in capital commitments (including $1 million from the Illinois Department of Commerce). It […]
Can Deldag has joined The Carlyle Group as an Istanbul-based managing director on the firm's new Middle East and North Africa team. He will focus on opportunities in Turkey, and previously was a partner with Ernst & Young. www.carlyle.com
Kodiak Venture Partners today announced that former BioProcessors president and CEO Andrey Zarur has joined the firm a general partner. peHUB first reported the hire back in December. www.kodiakvp.com
Leslie Bider has joined ITU Ventures as chief strategist, according to The Wall Street Journal. He is the former chairman and CEO of Warner/Chappell Music, and most recently was with Elevation Partners as an executive-in-residence. www.itu.com
Bill Robertson has retired as a consulting partner with Kirkland Capital Partners, but will continue to serve on the firm's advisory committee. He joined Cleveland-based Kirtland in 1997 as a managing partner, and transitioned into a consulting partner role in 2005. He previously had been president of National City Corp. www.kirtlandcapital.com
Michael Foss has resigned as vice president and CFO of Circuit City Stores Inc. (NYSE: CC), in order to become CFO of a “private equity-owned retail company.” No additional details were disclosed. He will officially leave Circuit City in April. www.circuitcity.com