Kyphon Inc. (Nasdaq: KYPH) has agreed to acquire St. Francis Medical Technologies Inc., an Alameda, Calif.-based developer of motion-preserving technologies and procedures for orthopedic and neurological spine surgery. The deal includes a $525 million upfront cash payment at closing, plus the possibility of revenue-based earn-outs totaling $200 million. St. Francis had been in registration for […]
Kenneth Leet has agreed to join Cerberus Capital Management as president of European operations. Leet is a veteran Goldman Sachs banker who most recently was serving as senior advisor to Ford Motor Co. He will remain as a special advisor to Ford. www.cerberuscapital.com
Replay Solutions, a Foster City, Calif.
Xceleron Ltd., a UK-based provider of drug development services to the life-science market, has raised Gbp2 million in second-round funding. Return backers include Close Ventures and Foursome Inv*stments. It had raised Gbp2 million from Close and Foursome in April 2005. www.xceleron.co.uk
Solace Systems, an Ottawa-based provider of value-added services routing solutions, has raised an undisclosed amount of Series C funding. Genuity Capital Partners led deal, and was joined by Teachers' Private Capital. www.solacesystems.com
Salamander Energy PLC, a UK-based upstream oil and gas exploration and production company focused on Southeast Asia, has raised $200 million via an IPO on the London Stock Exchange. It has a market capitalization of $405 million. Salamander raised $22.6 million in VC funding from 3i Group in September 2005, in exchange for a 15% […]
Reed Business Information, a unit of Reed Elsevier, has agreed to acquire BuyerZone.com Inc., a Watertown, Mass.
Abertis Infraestructuras SA has agreed to acquire a 32% stake in listed French satellite company Eutelsat SA for Euro 1.07 billion. The deal is being supported by Eutelsat shareholders Texas Pacific Group, Spectrum Equity Investors, GS Capital Partners and Cinven. www.eutelsat.com
Independent Living Services Ltd., a Scotland-based provider of acute domiciliary care, has acquired Home Concern (Scotland) Ltd. No financial terms were disclosed for the deal, which was partially financed by ILS backers ISIS Equity Partners and Bank of Scotland.
Meritain Health Inc., an Amherst, N.Y.