Osprey Acquisition has increased its bid for UK water and waste management utility AWG PLC (LSE: AWG) from
Atlas Copco AB of Sweden has agreed to sell the majority of its construction equipment rental business to Ripplewood Holdings and Oak Hill Capital Management. The deal is valued at approximately $3.3 billion, with Atlas Copco retaining a 14.5% ownership stake in the business. It is expected to close by year-end. Deutsche Bank advised Atlas […]
Amsterdam Molecular Therapeutics BV, a Dutch gene therapy company, has raised
Alsius Corp., an Irvine, Calif.-based developer of products to control patient temperature in hospital critical care settings, will go public via a reverse merger with blank check acquisition company Ithaka Acquisition Corp. (OTC BB: ITHK). Alsius CEO William Worthen will remain CEO, while Ithaka principals Paul Brooke (MPM Capital venture partner) and Eric Hecht (CEO […]
Providence Equity Partners is raising up to $10 billion for its sixth fund, according to Buyouts Magazine. Its previous fund closed in late 2004 with $4.25 billion. www.provequity.com Nordic Capital and Apax Partners are moving ahead with a $2.2 billion offer to acquire listed Swedish healthcare company Capio AB, even though the company's board unanimously […]
Texas Pacific Group and Colony Capital are in talks to acquire Harrah’s Entertainment Inc. (NYSE: HET), according to The Wall Street Journal. No purchase price details were disclosed, but Harrah’s has a market cap of around $12.34 billion, plus $10.2 billion in debt. Amgen (Nasdaq: AMGN) has agreed to acquire Avidia Inc., a Mountain View, […]
Athenagen Inc., a South San Francisco-based drug company focused on neurovascular diseases, has raised $50 million in Series B funding. Sanderling Ventures and Clarus Ventures co-led the deal, and were joined by Index Ventures and return backers Charter Life Sciences and Astellas Venture Management. www.athenagen.com Sun Capital Partners has made a $9 per share bid […]
Demand Media Inc., a Santa Monica, Calif.-based acdquiror of online content sites and generic Internet domain names, has raised $100 million in second-round funding. 3i Group and Oak Investment Partners co-led the deal, while Spectrum Equity Investors also participated. Demand Media was formed earlier this year with a $120 million infusion from Oak, Spectrum and […]
Acquicor Technology Inc. (AMEX: AQ) has agreed to acquire Jazz Semiconductor Inc., via a $260 million reverse merger. Acquicor is a blank check acquisition company formed earlier this year by former Apple Computer executives Gilbert Amelio, Ellen Hancock and Steve Wozniac. Jazz is a Newport Beach, Calif.-based wafer foundry that was formed in 2002 by […]
General Atlantic has agreed to acquire a 52% interest in Emdeon Business Services from Emdeon Corp. (Nasdaq: HLTH). The total transaction is valued at approximately $1.2 billion, including $320 million from General Atlantic and $925 million in leverage from Citigroup, Deutsche Bank and Bear Stearns. Emdeon was advised by The Blackstone Group and Citigroup Corporate […]